Posts Tagged ‘these’

Most all Americans that have credit card debt have seen their rates as well as credit limits reduced close to their balances because the credit card companies are racing the clock to raise them while they have time left to take advantage of good paying customers with many that have never been late on credit card payments. Bank of America & Citi Bank is among the worst. The government has passed new laws preventing such actions by credit card companies when the customers are “NOT” in default. The tentative deadline was in September and now that has been extended to 2010 through the holiday season. Americans will grossly see their rates or limits become affected at the worst time of year for retailers. Retailers as well need to speak out as I have given an example in this video with Citi Bank, the credit card company for Home Depot and the only getting hurt is the customer and Home Depot. These companies are lowering credit limits on balances so that the balance appears to be maxed out to your credit limit. This done on most all of your cards as we are seeing and will affect your credit score drastically and that in itself ought to be the crime. Hurting your credit score by no fault of your own and not be able to correct it without payoff your credit card totally. Never been late on payments and have your score reduced because your limits have been reduced to your balance is the growing problem and also lends itself to the market not growing because consumers will not use …

I recieved a payday loan online a while back and after about three weeks of and three unpaid pay periods of them taking all of pay check and constantly sending the payment throught day after day even when it wasn’t my period and not to mention the fact that the company that was going in and taking the payment was not the one that i had gotten the loan from so i thought ppl had stolen my baking information offline so I put a stop payment to it .I figured the real company would contact me some other way bc I could tell who was who and I couldn’t afford what was going on . Well now this guy calls and says that if I don’t pay 320.00 today right now then he’s going to send some information to my city so that can investigate me for fraud and after today the company doesnt want 320.00 they 1320.00 and their going to take it anyway they know how …. what should I do can they really press charges aganist me for fraud …. by the way the Guy wanted to collect 320.00 on today but when i asked about a payment plan he said they they were not a collection agency so they could noy put me on a plan but he wanted to collect the 320.00 on today. dont they have to turn it to a collection agency before they can take this kind of action

For years I have been fair and honest with my clients and kept a clean book. The current financial environment and scandals make it very hard for me to continue my business. What else should I do as a Certified Financial Planner job wise. Your sincere suggestions are appreciated.

What are your suggestions or ways that you’ve been saving money? Times are tough. Prices are rising while wages seem to be barely enough.

Can a bank manager or financial planner answer these questions for me?
1. What are the implications of having either a positive or negative credit history? (Ask for specific examples.)
2. What would constitute a responsible use of credit?
3. What are three (or more) inappropriate uses of credit?
4. When selecting a credit card, what factors should one consider?