You’ve heard of the CARD Act, right? It’s that big piece of legislation that Congress passed that was designed to keep banks from making huge sums of money off of us. It was legislation that kept the credit card companies running scared and in large part, that hasn’t changed. As Congress and everyday consumers have [...]

Have you been less than happy with some of the practices of the credit card industry? If so, you’re not alone. Many people are including the Obama administration. In a bipartisan approval today, the house passed the Credit Card Holders’ Bill of Rights. How is this good news for you?

Just a couple days ago I was having a conversation with some coworkers about credit cards. We were talking about if it’s wise to close credit cards that aren’t being used. I had heard from many sources one answer but I didn’t have an adequate reason why. Because of that, I had to hit the net and find out the reasons.