Following credit card reform and other debt news.

Posts Tagged ‘ credit card debt ’

Credit Card Debt Facts

May 5th, 2008 | By Rob | Category: credit card debt

Here’s a few facts about credit card debt and credit card companies that I’ve collected:

Americans charged $2.2 trillion on credit cards last year - according to a CNN report in February.  Source: Milford Daily News.

The Nation’s Credit Card Debt is about $850 billion.  Source: KTVB.

Households that don’t pay their credit card bills in full every [...]



Bad Credit Card Tips

May 4th, 2008 | By Rob | Category: credit card debt

While researching a broader set of posts on the current congressional reforms I found this article from the Sun-Sentinel with tips on protecting yourself from credit card companies.

Keep 1 or 2 cards at low balances.
Consider credit cards with 0 percent introductory rates.
Limit the number of credit card accounts.
Charge only what you can pay off in [...]



Federal Reserve Proposes New Credit Card Rules

May 2nd, 2008 | By Rob | Category: Congress, credit card debt

This website has been in the planning stages for a few weeks now, but the Federal Reserve Board’s decision to issue proposals for new rules governing credit card company practices spurred me to get it set up before originally planned.  Over the next year, this website will examine the FRB proposed rules, proposals in Congress [...]