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Paulson Credit-Card Bailout Draws Growing Criticism (Time Magazine)
Why consumers don't need boost from the TARP fund
It's bad idea to use credit card to pay mortgage (Erie Times-News)
Dear Debt Adviser, I have a mortgage of $213,000 on a home valued at $276,000. My credit score is 713.
Why banks are boosting credit card interest rates and fees (USA Today)
In recent years, banks have sharply raised interest rates and penalty fees on credit cards. As the economy tanks and banks' mortgage-related losses balloon, some banks are stepping up such increases to boost revenue. Bearing the brunt are consumers for whom a jump in rates and fees can make it tougher to pay their bills at a time when household budgets already are being stretched.
CreditCards.com: Weekly Credit Card Rate Report (Centre Daily Times)
Sharp increases for select American Express cards shot overall credit card annual percentage rates higher this week, according to the CreditCards.com Weekly Credit Card Rate Report.
Caller cons restaurant out of credit card numbers (KOB-TV Albuquerque)
More than a dozen customers at an Albuquerque sandwich shop got one bad surprise after eating lunch there. Instead of paying just a few bucks for sandwiches charged to their credit cards, the New Mexico customers found out they owed several thousands of dollars for stuff bought in New Jersey.
Holiday shoppers picking cash over credit: survey (Reuters via Yahoo! News)
Fewer U.S. shoppers plan to use credit cards to buy gifts this holiday season and the majority of them have yet to complete their gift buying, according to a new survey from the world's largest retail trade association.
Report: Rates on most types of credit cards rise (AP via Yahoo! Finance)
Average interest rates on most types of credit cards rose slightly this week, according to a report from CreditCards.com.
Retailers Target, Nordstrom hit crunch with branded cards (USA Today)
Retailers such as Target and Nordstrom are facing surging credit card delinquencies. Many retailers have a store-branded credit card, though many have unloaded their credit card portfolios to banks.Target and Nordstrom, among a handful of other retailers, defied this trend, which looked like a smart move when times were good. Retail credit cards typically charge interest rates of 20% of more, ...
Credit (card) crunch: Banks tighten terms for average consumers (Lansing State Journal)
The credit crunch is closing in on credit cards.
CreditCards.com: Weekly Credit Card Rate Report (wallstreet:online AG)
Sharp increases for select American Express cards shot overall credit card annual percentage rates