LOS ANGELES— Wells Fargo Bank employees driven by strict sales pressure issued unwanted credit cards and opened unauthorized accounts that charged customers fees and damaged their credit, according to a lawsuit filed by the city of Los Angeles. "In its push for growth, Wells Fargo often elevated its profits over the legal rights of its customers," Feuer said.» Read More
In the world of credit scoring it's hard to have too many credit cards, and too easy not to have enough, says John Ulzheimer.
While private label cards account for only about 11 percent of all credit card loans outstanding, their troubles offer a window into the deteriorating finances of some of the most distressed Americans., the New York Times reports
Your credit card company has no problem profiling you based on where you swipe your plastic.
NOT SEEN ON T.V.: John Ulzheimer reveals three little known ways your credit reports can be accessed without your permission.
No, Carmen says. The only person who can repair your credit is you.
John Ulzheimer exclusively learns that the move will make managing credit scores more difficult for consumers as it eliminates access to one of the three FICO credit scores.
John Ulzheimer reveals the truth about credit card usage.
NOT SEEN ON T.V.: Did you know that your credit card company can lower your limit based on where you shop?
John Ulzheimer says 'welcome to the club.' Here's how consumers can fight back when their credit limits are lowered and minimum payments raised.
This tool demystifies your plastic. Use it as a way to make a plan for paying off debt, once and for all.
Carmen weighs the options for one couple who feel like they're drowning in debt.
John Ulzheimer explains the pros and cons to filing for chapter 7 if you're in too deep with your lenders.
NOT SEEN ON T.V.: With banks unwilling to extend much, if any, credit, does it make sense to just cancel a card that's been paid off?
For millions of cash-strapped and desperate Americans, the phrase “You’ve been pre-approved for a personal loan” comes as a welcome change. But there’s a catch.
Lowered limits. Higher rates. Harsh late fees. If you’ve been squeezed by the credit card crackdown, new rules should help make sure you’re not punished again.
We told you yesterday about a major credit card data breach that is putting millions of consumers at risk. Tonight, we have an update.
100 million credit cards put in jeopardy. Find out what you can do to protect yourself.
Carmen weighs the pros and cons of carrying a credit card with a high fee.
John Ulzheimer reveals the one and only web site that offers your free credit report, once per year.
John Ulzheimer explains what you can expect from a professional credit counseling program.