Now that the Credit Card law has fully gone into effect, it’s time for you to reevaluate your strategies about how you use your credit cards. The credit card issuing banks have changed many of their policies, and it’s time for you to react and make the most of the opportunities that have been created and avoid the biggest pitfalls. Here are a few areas for you to consider: Interest rate hikes : Many banks hiked the interest rates on outstanding balances to well over 20% and in some cases as high as 29.9%, even for customers who have always paid on time
Posts Tagged monthly-payments
What Bernanke Didn’t Say
Jan 3
Note: Here is weekly summary and a look ahead . From Fed Chairman Ben Bernanke: Monetary Policy and the Housing Bubble And reports on the speech: From the WSJ: Bernanke Says Rate Increases Must Be an Option From the NY Times: Bernanke Blames Weak Regulation for Financial Crisis Dr. Bernanke said that monetary policy (a low Fed Funds rate) was probably not to blame for the housing bubble, and he used data from other countries to make this argument: “the relationship between the stance of monetary policy and house price appreciation across countries is quite weak”
NY Times Editorial: Foreclosures: No End in Sight A continuing steep drop in home prices combined with rising unemployment is powering a new wave of foreclosures.
