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Americans backed away from swiping their credit cards for the 21st straight month. Households are borrowing less and saving more, and that has dragged on the overall economy by lowering consumer spending.
Overall credit dropped 0.7 percent in June. It was the smallest decline since credit increased 1.8 percent in January, the only rise since the beginning of 2009. The decrease left consumer credit at an annual rate of $2.42 trillion.
Welcome to Credit Card Overcharges. Are you a victim of random and excessive fees imposed by your credit card companies. Has Visa, Mastercard, American Express, and Discover and the banks that gave you your credit card, imposed ridiculous charges upon you.
Like all American, during these tough times, we start to pay more and more attention to our credit card statements because we have less money to waste. As we review our statements closer and closer we begin to notice charges and fees that we never realized existed.
The purpose of this website is to inform people of these overcharges. To provide a forum where we can collective provide information for each other to use to fight back. We hope that you will find your goals useful.
American Express for the fourth straight year in a row was voted the best credit card issuer based on customer satisfaction.
Based on a 1,000-point scale, AmEx received a customer satisfaction rating of 769, which was 55 points higher than the industry average, according to a survey conducted in March and April by information services provider J.D. Power and Associates.
Discover Card was the second highest rated credit card, with a score of 757. The bottom three cards were Capital One, Citi Cards, and HSBC, in last place.
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Ways To Increase Credit Score
0 Comments | Posted by admin in Banks, Credit Cards, Credit Score, news
Here are some ways that you can help increase your credit score:
1. Request a credit line increase. The one factor of your credit score you have the most control over is credit utilization. Credit utilization is simply a calculation of how much of your credit you are currently using. A simple total balance owed divided by total credit limit. So, you can either decrease the total balance owed or increase the total credit limit.
2. Pay off Debt. This is really a no brainer but the best option after you have already increase your credit card limit.
3. Charge Less. By keeping your statement balances lower, you lower your credit utilization without much effort.
4. Consolidate Credit Cards. If you have multiple credit cards with one issuer, consider consolidating them.
5. Review your credit report for errors and omissions.
These are the five easiest ways to help increase your credit score. I hope it helps.
Washington regulators announced that five banks were closed down on May 28, 2010. Three of the banks are in Florida, One in Nevada and one in California.
That brings the total US Bank failure number to 78 this year.
The Federal Deposit Insurance Corp. took over the Florida banks, all owned by holding company Bank of Florida Corp. They are Bank of Florida-Southeast, based in Fort Lauderdale, with $595.3 million in assets; Bank of Florida-Southwest, based in Naples, with $640.9 million in assets; and Bank of Florida-Tampa Bay, based in Tampa, with $245.2 million in assets.
The FDIC also seized Las Vegas-based Sun West Bank, with $360.7 million in assets, and Granite Community Bank, located in Granite Bay, Calif., with $102.9 million in assets.
The number of banks on the FDIC’s confidential “problem” list jumped to 775 in the first quarter from 702 three months earlier, even as the industry as a whole had its best quarter in two years.
The FDIC expects the cost of resolving failed banks to grow to about $100 billion over the next four years.
