Debt Snowball Method
I've made no secret of the fact that I think Wikipedia is, on balance, useless. Every article is a disjointed mass of different voices, with countless editors adding unnecessary sentences to paragraphs...
View ArticleUnintended (but predictable) Consequences
Banks and Card Issuers Find Clever Ways Around CARD Act Rules.Of course the credit card issuers are devising all-new fees to replace the ones that were banned by the Credit CARD act. Anyone could have...
View ArticleWhat's bugging me about the Credit CARD Act
Today the Credit CARD Act goes into effect, and as this CNN story says, credit standards have already tightened. People with "even a mediocre credit history" are having a tougher time getting credit....
View ArticleReason's Hit & Run blog on Elizabeth Warren
I've written about Elizabeth Warren a few times over the years, like here.Tim Cavanaugh at Reason's Hit & Run Blog mentioned her yesterday, appropriately enough, on April Fool's Day. Some of the...
View ArticleRedesigning credit card agreements
Alan Siegel gave a talk at TED calling for simplified legal documents, with less jargon and easier-to-follow design and layouts. This is long overdue, especially when it comes to credit card...
View ArticleNo more Visa card from Target
Target announced today that they are not going to offer their Visa card as of April 29th. Instead, all new accounts will be their store cards only. (Here's the story where I found it at the...
View ArticleTough times ahead for the Debt Settlement industry
Debt settlements are under scrutiny by the federal government, with senate hearings including testimony from aggrieved customers. See Good Morning America's coverage of the story here, which includes...
View ArticleAdvice to ignore from Lifehacker
I've linked to Lifehacker from here a few times... when they cover debt and money issues, they tend to do an excellent job. It's not their main focus, and they do make some mistakes when it comes to...
View ArticlePutting the blame where it belongs
This story in the Contra Costa Times impresses me because it gets the story right:New Credit Card Rules Putting the Squeeze on ResidentsThere's almost too much to quote here, but these are key...
View ArticleCredit CARD Act has raised rates
At Reason's Hit & Run blog today, Peter Suderman quotes the Wall Street Journal discussing the unintended but completely predictable consequences of the Credit CARD Act. Credit card issuers have...
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