More credit card changes are coming as the Consumer Financial Protection Bureau (CFPB) strengthens consumer protections.
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Credit card and banking issues that impact your wallet.
It’s called free checking because it’s supposed to be free, but more banks are adding fees and getting rid of free checking. You still have options, and if you don’t exercise those options banks will continue to add fees to accounts because they’ll think it’s okay to get rid of free checking.
UPDATED 2/2/2017 There’s a mandated push in the credit card industry to get people to understand the costs associated with carrying a balance. Now, one bank is voluntarily rewarding people for making good decisions offering $100 if you use a certain credit card.
It’s a call that won’t go away for a Northeast Ohio woman. She says debt collectors are calling her for a debt she doesn’t owe. It’s a common problem, and an increasing complaint to the Federal Trade Commission.
If you don’t have a debit card, it’s easy to get one. The reloadable cards are sold at local grocers, and the Better Business Bureau says they’re the latest target of scammers. A Northeast Ohio man received a call from a scammer earlier this year, and was asked to go to the store and put money on one of these…
Need to earn a little extra cash, but frustrated with the dismal return on your traditional savings account? A high yield account can help, but according to a Bankrate survey it’s getting harder to find one. It pays to find one, though. “High-yield checking accounts remain the top-yielding place for federally insured, liquid cash,” Bankrate senior financial analyst Greg McBrida,…
A credit card company offer says you get to take a month off for your loyalty. It sounds like a great offer, but this is hardly a gift.
If you haven’t been reading all your credit card mail, you better take a look at the fine print. Cardholders are still being notified of changes to their account two years after the sweeping CARD Act became law.
[youtube=http://www.youtube.com/watch?v=XRCdUgv77ME] Would you notice an ATM skimmer? The victims I talked to say they had no idea until the bank called. It’s a scary situation that could easily happen to you. You’re vulnerable at more than just the ATM. Credit card skimming is also a problem. Click here to find out how to protect yourself.
Your monthly mortgage payment is likely your biggest household expense in your budget. There are ways to reduce this fee without selling your home.