The Dangers of Medical Credit Cards at SmartMoney.com
This is a new subject I had not heard of prior to two days ago on a news report from KOMO4 news. The story featured a couple of interviews with individuals who had been offered a differed interest rate credit card in order to pay for their medical expenses. The medical providers liked the plan because they got their money immediately. The featured story had a man who was making payments within the time frame to avoid the penalties and then had a payment posted one day late on his account and all of a sudden had a $2,000 additional fee tacked on to his balance!
KOMO issued a warning to all who are contemplating using these cards because they may be getting themselves into more than they had bargained for especially if they had ongoing medical expenses that were making timely payments difficult. A small bill could turn into a BIG problem!
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Sunday, April 11, 2010
SEC seeks tighter rules on asset-backed securities | KOMO News - Breaking News, Sports, Traffic and Weather - Seattle, Washington | Business
SEC seeks tighter rules on asset-backed securities KOMO News - Breaking News, Sports, Traffic and Weather - Seattle, Washington Business
This blog is in no way intended to be a know-it-all expose on the banking system. I do try to post items that I come across that directly affect the customers of the industry. The major banks have shown that profits are their #1 goal. Customer satisfaction and security is not even on the short list.
The SEC rules are being sought to contain the profit monster that continues to threaten our economy and prevent another meltdown.
Have you considered changing your bank yet?
This blog is in no way intended to be a know-it-all expose on the banking system. I do try to post items that I come across that directly affect the customers of the industry. The major banks have shown that profits are their #1 goal. Customer satisfaction and security is not even on the short list.
The SEC rules are being sought to contain the profit monster that continues to threaten our economy and prevent another meltdown.
Have you considered changing your bank yet?
Monday, April 5, 2010
how-the-credit-card-act-wil-affect-types-of-credit-cards: Personal Finance News from Yahoo! Finance
how-the-credit-card-act-wil-affect-types-of-credit-cards: Personal Finance News from Yahoo! Finance
If you still have any credit cards this is a good article to let you know about the new changes in the credit card laws, how they help you and what you still need to watch for. The article honestly is a little dry but it is organized well so you can go directly to the type of card you have to see what the impact is.
If you still have any credit cards this is a good article to let you know about the new changes in the credit card laws, how they help you and what you still need to watch for. The article honestly is a little dry but it is organized well so you can go directly to the type of card you have to see what the impact is.
Saturday, April 3, 2010
pay-garnishments-rise-as-debtors-fall-behind: Personal Finance News from Yahoo! Finance
pay-garnishments-rise-as-debtors-fall-behind: Personal Finance News from Yahoo! Finance
I am hearing of these aggressive tactics more often. If you are in financial trouble read In The Trenches and check out the links to the blog list on In The Trenches blog. Some of the blogs are deal specifically with debt reduction and recently some of the sites have featured stories about dealing with collection agencies. The yellow pages will should you consumer credit counseling services in your area. Closing your checking account may stall the process but garnishments can send you into a tail spin.
The big boys are playing hardball and they are playing to win.
I am hearing of these aggressive tactics more often. If you are in financial trouble read In The Trenches and check out the links to the blog list on In The Trenches blog. Some of the blogs are deal specifically with debt reduction and recently some of the sites have featured stories about dealing with collection agencies. The yellow pages will should you consumer credit counseling services in your area. Closing your checking account may stall the process but garnishments can send you into a tail spin.
The big boys are playing hardball and they are playing to win.
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