Major credit card company reports drop in November charge-offs

Saturday, December 18th, 2010

Citibank is reporting a drop in consumer credit card charge-offs for November. In October, the Citibank reported charge-offs at the rate of 10.27 percent , but charge-offs for November fell to 9.4 percent. Charge-offs provide a method for credit card issuers to remove uncollectible accounts from their books, and the ...

How to Handle Mixed Financial Messages

Tuesday, December 14th, 2010

We live in a society that snatches up new ideas and runs with them, without necessarily taking the time to assess the value of them. The unfortunate truth is that not every idea or opinion you or anyone else has is a great one or even halfway acceptable. This is ...

Becoming A First Time Home Buyer

Monday, December 13th, 2010

Becoming A First Time Home Buyer by Takara Alexis Purchasing your first home is a considerable operation. There is so much to consider and prepare for. Finding an appropriate home may be challenging, but there's much more to examine. You need to come up with a down payment, ...

Consistent credit card labeling practices: Food for thought

Sunday, December 12th, 2010

In a recent interview, Elizabeth Warren, an advisor to the Obama administration slated to head a new federal consumer rights agency, noted that she has received numerous suggestions for providing consistent regulation and guidelines for overseeing consumer credit and lending practices. Citing inconsistency in advertising credit terms and ...

Debt consolidation and credit counseling services: How they can (and can’t) help

Thursday, December 9th, 2010

Struggling with credit card debt can impact all aspects of your life, and it ain’t pretty. Arguments over money and spending, yelling at the kids, receiving unwelcome phone calls at work, these are a few highlights of living life under a burden of debt. What can you do ...