×

Debt Credit Cards

  • Credit Cards

    Bank of America on Tuesday pledged not to hike credit card interest rates or fees before a new law intended to reform industry practices takes effect in February.

  • Wallet

    Consumers will end up paying more money to banks if the numerous regulations proposed for the financial sector come to fruition, said Dick Bove, financial strategist for Rochdale Securities.

  • credit_card_swiped.jpg

    Banks and credit unions have long pitched debit cards as a convenient and prudent way to buy. But a growing number are now allowing consumers to exceed their balances — for a price.

  • Credit Card Protection

    The man accused of masterminding the largest identity theft in U.S. history agreed to plead guilty to related charges, according to court papers filed in Boston federal court Friday.

  • Credit Card Swipe

    The rate at which credit card holders fell behind on their payments was far worse in the second quarter than it was last year, but did improve sharply from the alarming level seen in the first three months of 2009.

  • credit_cards_140B.jpg

    During college, I racked up quite a credit card bill (about $35,000 in credit card debt plus $8,000 in student debt). I have stopped using the cards and have been paying above the minimum every month. I talked to a California based company,and they want me to go delinquent on my card payments and to pay them $7000 into an "escrow" account so they can try to negotiate down my debt with the credit card. Do you have any advice for me as to how to absolve my credit card debt? I really feel stuck.

  • The market bounced back on Tuesday against all odds, just like the Mad Money host said it would.

  • Bank of America branch, New York City.

    Bank of America said that as of Thursday it will stop requiring that disputes with its credit card holders and banking and lending customers be settled by binding arbitration, opening the door for class-action and other lawsuits to push up the bank's legal costs.

  • Credit cards

    The noxious penalty imposed on American Express and Discover consumers who exceeded their spending limit has finally died, quashed by legislation signed in May by President Obama to ease onerous fees for cardholders.

  • Credit cards

    The Federal Reserve says consumers paid down their credit cards and reduced other debt in June for the fifth straight month as they rebuild savings battered by the recession.

  • A recent Bloomberg article “Unintended Consequences of Mortgage Modifications: Falling Credit Scores” addresses a topic that deserves serious follow up. The article accurately identifies that loan modifications could damage your FICO credit scores, if they are reported to the credit bureaus using the new reporting guidelines set up by the credit bureaus and their trade organization, the Consumer Data Industry Association (CDIA).

  • Stocks rallied Thursday, logging the highest close since November, despite a late-afternoon pullback.

  • Cramer offers his card of choice. Plus, get calls on the casinos, banks and fast food.

  • Stocks rallied Thursday as investors were encouraged by the latest jobless report and round of corporate earnings.

  • Stocks rallied Thursday as investors were encouraged by the latest jobless report and round of corporate earnings.

  • Futures indicated a higher open for Wall Street on Thursday as investors were encouraged by the latest jobless report and round of corporate earnings.

  • Visa Card

    Visa reported better-than-expected quarterly earnings, as the it  sold its stake in Brazil's VisaNet, trimmed expenses and consumers used debit cards more.

  • 090724_WBW_cnbc_stocks_trans.jpg

    Warren Buffett appeared live on CNBC's Squawk Box this morning to promote a new online animated series called the Secret Millionaire's Club in which he teaches kids about finance and investing. Buffett told us that stocks are still a better investment than cash investments, like Treasuries, even though the Dow has recently rallied to its highs of the year over 9000.  This is a transcript of the CNBC interview.

  • Child with money

    As children, we probably learned that it was impolite to ask how much someone paid for something. These learning’s generally follow us into adulthood and make it difficult for us to talk about our money situations….with our financial planners, our friends and even our spouses and children.

  • Lydia Alcock doesn’t seem like the kind of kid who would run up a $23 quadrillion bill on her Visa Buxx card.