Why Not to Close a Credit Card Account?

Posted in Credit Advice on December 26th, 2008

We all know there are many good reasons to open a credit card account. It can be for the free travel rewards air miles you will receive, for the added line of credit you may need or for the security you feel from owning a large number of credit cards.
But did you know there may [...]

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0% Interest Rates and New Monetary Policy

Posted in Credit Advice on December 23rd, 2008

In the fourth quarter of 2009 the Federal Reserve’s short term interest rates were 2.0%. Then in the month of October there were 2 separate ½ of 1% (one percentage) rate cuts.
In mid December the Federal Reserve cut interest rates to a record low of zero percent (0%) to .25 percent. These are the lowest [...]

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Credit Card Bill of Rights

Posted in Credit Advice on December 17th, 2008

In May 2008 the Credit Card holder’s Bill of Rights was proposed by the National Credit Union Administration, Office of Thrift Supervision, and the Federal Reserve Board. On September 23, 2008 this bill was passed in the House. Although there are still some obstacles to overcome it appears that this bill is well on its [...]

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Consumer Reports Choice: The Best Credit Cards

Posted in Credit Advice on October 28th, 2008

The October 2008 Issue of Consumer Reports has made their selection of the best credit cards currently available. It is an interesting selection and the reasons for their choices are also very educational.
You may easily view our website www.creditcreator.com for the latest updates on credit card rates and offers. We offer all the credit cards [...]

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Investors Coping with Stress during the Credit Crisis

Posted in Credit Advice on October 26th, 2008

How are investors coping these days? The following is an article from the Toronto Star from 25 October, 2008 on how investors are coping with chaos states:
Retiree Murray Soupcoff used to be an active investor, checking stock markets all day and making frequent changes to his portfolio.
Today, he’s weaning himself from the business news and [...]

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Compare the Best Cash Back Credit Cards

Posted in Credit Advice on October 24th, 2008

Cash back credit cards are a fantastic way to get more for your money. Each time you use your credit card on daily purchases, you could be earning as much as 5% back. Here we take a look at four of the best cash back credit cards on the market to see how they compare.
How [...]

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The Best Cash Back Credit Card Rewards Programs

Posted in Credit Advice on October 20th, 2008

Ever thought that your credit card could make you money? With cash back credit card rewards you can earn whilst you’re spending – or at least that’s the theory. But do they deliver all that they promise and which one is best for you?
In order to evaluate which are the best cash back credit card [...]

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Credit Crisis 101 - The Cause of the Credit Crisis

Posted in Credit Advice on October 18th, 2008

The world is facing a growing credit crisis. How has it come to this? When did it start and where is it going? Generally speaking, the subprime mortgage crisis is associated with the reduced liquidity in the credit market in correspondence with troubles pertaining to the banking system. To go along with this, a struggling [...]

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Is Credit Getting Tight?

Posted in Credit Advice on October 17th, 2008

As you probably know, the economy is struggling and the side effects of this are many. One subject that is being discussed is whether or not credit is becoming tight in the United States. In other words, are consumers going to find it more difficult to obtain a loan? Has the United States become a [...]

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Traveling Abroad with Credit Cards

Posted in Credit Advice on October 16th, 2008

Did you know: credit card companies lost approximately 500 million dollars abroad last year? As you can imagine, this is a problem that needs to be addressed by the banks as well as consumers. For this reason, more and more credit card companies are blocking many legitimate transaction attempts overseas. While this is seen as [...]

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