Bosses at consumer organisation Choice have urged credit card holders to pursue offers made by retailers who pledge to meet the low prices of rival stores. Many shop owners advertise that they will match or beat any price that is found for goods elsewhere, but according to spokesman for the group Christopher Zinn, few Aussies actually take them up on the deal, News Limited reports. He said that although people are reluctant to visit numerous shops looking for the cheapest rates, the internet is playing its part in helping Aussies reduce the amount they are shelling out on their credit cards.
At a time when recession seems imminent and the future is looking bleak for many thousands of Illinois homeowners, Scott Tucker, the outspoken consumer advocate, is bucking the downward and damaging trend and leading the revolution against predatory lenders from his website http://www.FromDebtToSavings.com, fighting the corner of consumers penalized by unfair and discriminatory lenders.
Americans today owe well over 2 trillion dollars in consumer debt, and the figures rising all the time, chiefly, argues Tucker, because of the cynical and unfair practices of unscrupulous lenders, which are for the most part the banks and credit card companies.
Tucker claims, Credit companies make the most of their profits from so-called bad-debt or high-risk debtors the lower your credit score the more they treat you as a risk, unfairly discriminating against you by assuming you will not keep up with your payments.
ELKO COUNTY, Nev. The Elko County Sheriff’s Department, along with the U.S. Marshalls Office, apprehended a couple wanted for murder, carjacking, and use of a stolen credit card. Logan Welles McFarland, 24, and Angela Marie Hill, 25, also known as Angela Atwood, are accused of killing an elderly couple in Mt. Pleasant.
A bolo of the carjacked vehicle’s license plate had been released by police hoping it would help in finding the suspects. The police had chased the couple once, but lost them when they turned onto a dirt road near the state’s border. They were arrested in a very rural area of the state.
ICICI Bank has recently announced the launch of its new platinum credit card targeted at affluent customers. ICICI Bank – Rubyx, the card entitles cardholders to two cards – one serviced by American Express and the other by MasterCard, which is a chip card. However, both the cards are linked to a single card account and the card spends are chronicled in the same statement. Also, they will not attract separate fees.
Reward points
The reward points programme is being projected as the scheme’s unique selling point. The scheme offers you three such programmes to choose from – shopping, travel and essentials. The scheme promises reward points of up to 6 on every 100 spent. In the case of the American Express card, for spends in your chosen category, you will acquire 6 points; while for other purchases, it will be 3.
TransUnion recently took a look at credit card delinquency trends and put forth some predictions for the coming year.
According to the report, credit card delinquency rates (counted as those more than 90 days late on a credit card payment) – which reached their lowest levels in 17 years earlier in the second quarter (Q2) of 2011 – are expected to stay at low levels in 2012.
“Credit card delinquencies are expected to remain fairly steady in 2012 ranging between 0.69% and 0.76% — levels far below those typically observed in the last 15 years,” Steve Chaouki, group vice president in TransUnion’s financial services business unit, said in a statement.
More specifically, TransUnion forecasts credit card delinquency rates to drop about 7 percent in the coming year – from 0.74 percent in the fourth quarter (Q4) of 2011 to 0.69 percent in Q4 2012.
“In today’s uncertain economy, consumers have found that credit cards are among their most valued assets due to the flexibility they provide,” Chaouki said. “As a result, consu
