Credit card debt falls to 8 year low
The amount consumers owed on their credit cards in this year’s second quarter dropped to the lowest level in more than eight years as cardholders continued to pay off balances in the uncertain economy.
The average combined debt for bank-issued credit cards — like those with a MasterCard or Visa logo — fell to $4,951 in the three months ended June 30, down more than 13 percent from $5,719 in the same period a year ago, according to TransUnion. Read more
U.S Federal Government now accepts credit cards
United States citizens have been making cash and check donations to help payoff the Federal Government’s national debt for a long time. Now it’s possible to donate using credit cards. The U.S. Treasury has made it easy to make payments with a Visa, MasterCard, American Express, and Discover credit cards. Some finance experts continue to argue whether or not using personal credit cards to make payments to the government is best since it could become a recipe for future personal debt problems.
New rules for credit card companies
Paying Off Credit Card Debt
Being buried in credit card debts is a no laughing matter and it can add wrinkles to your face faster than you think it can. It can give you stress and you can never have total peace of mind thinking that you have debts to pay.
When you can finally pay every cent of your debts, you can breathe in relief as you feel the burden being lifted from your shoulders. However, there is more to paying your bills than you imagine. It is not that simple. Paying everything off is not like brushing off dirt from your arm that once the dirt is off, it will leave no signs and you will never know dirt has been there before. Read more
Instant Approval Credit Cards
Filed under: Credit, Credit Card Applications, Credit Cards
If you don’t have the time to wait for credit card approval then an instant approval credit card might be the route to take. A lot of people don’t have the time or patience for the dated method of applying for a credit card. Traditionally you have to fill out an application, mail it in, and wait for a letter advising you if you have been approved for a line of credit.What happens when you don’t have the luxury of time to get approved for a credit card? This is where an instant approval card comes in handy. Read more