Don’t count on your bank covering overdrafts
from Moneywatch Personal Finance
Bank of America customers will no longer complain about that $40 cup of coffee because they won’t be able to buy it if there’s not enough money in their debit account.
Articles in 'Credit Issues' Category
Personal Finance Daily: Banks will find ways to replace overdraft fees
from Moneywatch Personal Finance
Bank of America said it will soon prohibit most debit-card transactions if the account owner doesn’t have money in his or her account, and other banks are expected to follow suit ahead of new rules that will require banks to alert customers before covering an overdraft.
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Younger people have trouble getting credit
from CNN Money Top Tips
Getting credit? Not easy in this market. But it’s even more difficult if you’re between the ages of 22 and 34 according to a new survey.
B. of A. to end debit overdraft fee:reports
from Moneywatch Personal Finance
NEW YORK (MarketWatch) — Bank of America Corp. is expected to say on Wednesday that it is eliminating overdraft fees on debit card purchases, according to published reports. The Wall Street Journal reported Wednesday that the bank is ending the $35 fee in an effort to keep ahead of new regulations. [...]
Write-offs are driving decline in credit-card debt
from Moneywatch Personal Finance
Credit-card debt has been falling for 16 straight months but consumers aren’t paying off their financial obligations as much you might think. Instead, they’re walking away from the debt, forcing credit-card issuers to write off as much as 90% of that reported drop, according to a new report by CardHub. [...]
What the Credit CARD Act Means for You
from MintLife Personal Finance News & Advice
Got credit card debt? If so, good news: the card issuer can no longer hike your interest rate without warning or raise rates on an existing balance. They have to send your bill at least 21 days before it’s due (up from 14 days). And each bill has to [...]
New home and Repeat buyer tax credit
from Dave Ramsey News
My wife and I are looking to buy a larger home.
I bought our current condo 6 years ago. We got married about 3.5 years ago.
Hearing about the tax cred…
Patience pays off
from Dave Ramsey News
We went through FPU in the spring of 2007 and were able to pay off our credit cards in about 2 months. Shortly after that I was transferred within my …
More people skipping mortgage to pay credit cards
from Moneywatch Personal Finance
U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit-card obligations. But an alarming trend is emerging: A small but growing number of people are skipping mortgage payments in favor of paying their credit-card bills. [...]
Should You Consider Offshore Banking?
from MintLife Personal Finance News & Advice
Countless action and mystery movies depict Swiss bank accounts as places for villains to hide ill-gotten fortunes. But today, offshore banking is much more than a haven for underhanded financial shell games. Increasingly, legitimate businesses and individuals are finding it more advantageous than ever to utilize offshore banks [...]