Credit Card Solution

Richard Cordray, the newly appointed Executive Director of the newly created Consumer Financial Protection Bureau (CFPB), made tackling payday lending one of his first actions on the job. The CFPB, introduced as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, officially opened its doors this summer.

It made headlines last week when it took the first steps toward implementing federal oversight of the non-bank consumer lending industry.

Relief on the Way for Borrowers?

In the past, payday loans have drawn criticism from consumer advocates, who cite the loans’ astronomical interest rates and tendency to abound in poor and heavily minority communities as reasons the industry needs more regulation.

But the solution to the payday lending problem won’t be straightforward. Her

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Dear To Her Credit, How can I remove my husband from my Bank of America Visa credit card that we have jointly? The bank says to close it and re-apply. We have been married 17 years. We are getting divorced.

This was my card, and I added him to it years ago. I don’t want to start over because I need the credit and credit rating. It also has a lot of mileage rewards on it. Besides, I don’t make much money now, so I may not even qualify. Both my husband and I have very good credit scores with no outstanding debts.  — Teresa

Dear Teresa, The bank has the last word on this one, I’m afraid.

If your soon-to-be ex were only an authorized user on this card, it would be easy to drop him. As a joint account holder, however, the bank is counting on both of you to pay off any debts on this card.

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One of the reasons we all love Christmas so much is that it is a time for enjoying ourselves – and often indulging in a bit of excess. This is also one of the reasons the onset of January can hurt so much, because we have to rein ourselves back in and clear up the resulting detritus of the holiday season. Our finances are one of the main things to take a hit over Christmas, so this January, it’s definitely worth getting on top of this ASAP. From looking for new credit card offers to setting up plans to pay off any money you owe, there are quite a few things you can do to sort yourself out for the New Year…

Look for offers

It goes without saying that if you have a credit card, you should always use it sensibly. Howev Read all post…

It’s tough getting a new credit card when you have bad credit. Many credit card issuers won’t approve your credit card application because of your negative credit history. It makes rebuilding your credit score difficult since you can’t get new, positive information added to your credit report.

Fortunately, there are a few credit cards out there that will approve your application despite your bad credit. Some are regular credit cards and some are secured credit cards – those that require a security deposit. Even if you have to get a secured credit card to rebuild your bad credit, it’s better than having no credit card at all. Find credit cards for rebuilding bad credit.