June 25th, 2008
Direct Banc – The U.S. Senate is currently considering a bill which could possibly save consumers that use credit cards on a regular basis. The Bill, Credit Card Fair Fee Act, sponsored by U.S. Senator Dick Durbin (D-IL), contends that credit card issuers have an unfair advantage in the marketplace based on the fact that they control 40% of retail transactions across the country. The legislation is specifically aimed at the bank’s interchange fees that they charge on every credit card transaction.
Read the rest of this entry »
Tags: credit card issuers, interchange fees, senator dick durbin
Posted in Credit Cards, Discussion | No Comments »
June 24th, 2008
With gas prices skyrocketing, millions of people are flocking to gas cards to help with the rising fuel cost. Gas cards are brand specific credit cards that offer consumers rebates and rewards for using their credit card. Like most credit cards that offer a reward programs, there are specific guidelines that consumers’ need to be aware of. In many cases, a traditional credit card is better suited for the task. Read the rest of this entry »
Tags: credit card issuers, fuel cost, reward credit cards
Posted in Credit Cards | No Comments »
June 23rd, 2008
In late 2006 the economy was showing indicators that pointed to a looming mortgage crisis that would ultimately disrupt the flow of business in the secondary market. Investors, who are essential to the flow of money, basically ignored the warning signs but began trading more cautiously. What they ignored was the “perfect storm” as it relates to our secondary mortgage market. The housing bubble burst, sub-prime loans began adjusting, investors stopped trading, and mortgage companies were left holding mortgages that were not worth what they paid for them. Read the rest of this entry »
Tags: housing bubble, secondary mortgage market, sub prime loans
Posted in Discussion, Mortgage Crisis Blog | No Comments »
June 18th, 2008
Credit card issuers are reacting to the recent trend of lower credit scores across America. In the wake of the current mortgage crisis consumer’s credit scores have been steadily falling in certain segments of the population. This means that the competition for credit cards for fair credit is heating up between the bank issuers and this means better deals for consumers. We have outlined, what we feel, are the best credit cards for fair credit on the market below. Read the rest of this entry »
Tags: credit card for fair credit, Credit Cards, credit cards for fair credit, credit cards for people with fair credit, Discussion, fair credit credit cards
Posted in Discussion | No Comments »
June 16th, 2008
Many people believe that the best mortgage deals are no longer available for the average consumer that is shopping for a mortgage in today’s economy. That may be true if you cannot prove your income or have had a bankruptcy in the last two years. However, if you are the average Joe with a few dings on your credit, and are looking to buy a new home, the best deals are still out there. The truth is, they have always been there. The Federal Housing Administration (FHA) has been helping the average consumer get great deals on mortgages since the 1950’s. Read the rest of this entry »
Tags: best deal for a mortgage, best morgage deal, best mortgage deal, best mortgage deal available, best mortgage deals, Discussion, Editorials/Articles, FHA Mortgages, Loan Programs, Mortgage Tips
Posted in Discussion | No Comments »
