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Planning on Cutting Up That Credit Card?

8 hours ago ago from HSH Associates Financial News Blog

During my morning scan of Twitter, I came across a tweet from personal finance gurus Ken and Daria Dolan: Cutting up your credit cards? Great! But don't forget to close the account. Our sample letter makes it easy. The recession spawned a national trend which saw thousands, if not millions, of American shift from spenders to savers. High charges and fees imposed by credit card companies made the transition all that much easier. But ...

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Coming soon: Clearer credit card bills

5 hours ago ago from Credit Cards, Bank Rates, Insurance, Loans, Debts and Mortgages News

Those low, low monthly minimum payments no longer will be an excuse. Under the credit card reform law that starts to kick in Feb. 22, credit card issuers must put the bad news right upfront on your monthly bills: If you make only the minimum payment each period, you will pay more in interest, and it will take you longer to pay off your balance. And then they have to show you the math, such as how many months' worth of minimum ...

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How the New Credit Card Laws Could Affect You

4 hours ago ago from Newsreel Network .com

Over the last few months credit card companies have begun to send out notices to their customers on how new credit card rules will affect them. They may look like junk mail – clean, blank envelopes that may not catch your attention. But you should open them and read them carefully! It is important to read these notices because they are probably a direct result of the federal Credit Card Accountability, Responsibility and Disclosure ...

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New Credit Card Rules Can Help You Budget to Buy a Home for Sale and for a Mortgage Loan

19 hours ago ago from Buying, Selling and Maintaining a Home - Homespace

If you've received a notice that your interest rate on your credit cards are increasing, don't be surprised if this isn't the only thing that changes in the coming months. You may also start to notice that your minimum payments may be lower. While this may at first strike you as being a good thing, in the long term, it means you pay more money to the credit card company. Due to these changes from credit card companies (a plot to make ...

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Tips To Be Able To Improve Your Credit Rating

5 hours ago ago from improve score rating

MIKE SELVON asked: Did you know that 60% of your credit rating is based on the activity within the last 24 months? You may be lamenting over those old collection accounts or an old bankruptcy filing, but if you have since gotten back on track, or plan to get back on track, then there is a silver lining for you. Borrowers can eradicate bad credit scores by establishing a short and long term financial plan aimed at mitigating bad debt and ...

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IPhone credit card swipe war heats up

8 hours ago ago from CNN Money

IPhone credit card swipe war heats up Three companies, three rival swipe technologies: Systems from VeriFone (left), Mophie (center) and Square (right) will let business owners process credit cards by iPhone. By Jessica Bruder, contributing writer February 9, 2010: 10:38 AM ET NEW YORK (CNNMoney.com) -- What if your iPhone took plastic? Imagine if your business could use it as a mobile credit card processor, a swipe-and-go system for ...

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Jeanne Kelly: Keeping the Love Alive With Your Credit

7 hours ago ago from Huffington Post

Every relationship takes work. While we all want the love to be there when we need it, ignoring your relationship, even just a little, can spark the beginning of the end. The same is true for your relationship with your credit. Here are some ways to keep the love alive and to keep that credit relationship thriving: Be on Time: Pay your bills when they're due. Whether it's a mortgage, car loan, or credit card, being on time with your ...

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A Charitable Use for Leftover Gift Card Funds

3 hours ago ago from The New York Times

Search All NYTimes.com Search Your Money February 9, 2010, 2:55 pm A Charitable Use for Leftover Gift Card Funds By JENNIFER SARANOW SCHULTZ When Darren Cannao first heard the statistic three years ago that merchants and banks collect billions of dollars each year in unredeemed gift card funds, as covered in this recent Your Money column , his jaw dropped and he had an idea. ...

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