Tag Archives: Discover

Consumers cut back, fear worsening finances

Emily Crone

Consumers’ attitudes about the economy just keeping getting worse, according to a new study, and people’s fears are forcing them to cut back on everything from summer vacations to groceries.
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Fitch Ratings: credit card picture will worsen

Jeremy Simon

Now is a bad time to be a credit card issuer and times are only going to get tougher, according to Fitch Ratings.
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Credit card roundup and an LOLcat

Emily Crone

This week came with many fascinating blog posts on credit cards. Here are the eight best, including the inside scoop on store credit cards from retail employees, Sex and the City credit card spending and a list of little-known methods that will wreck your credit score, such as library fines. Here are the best eight I found. Plus an LOLcat.
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Ouch! Discover jacks penalty rate to 31%

Daniel Ray

When you comparison shop for credit cards, go beyond looking at teaser rates and rewards, and include looking at default rates. Because, sometimes, when you least expect it, Paula happens.
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Credit card arbitration lawsuit resurrected

Jeremy Simon

The Wall Street Journal reported that an appeals court on Friday reinstated a 2005 lawsuit charging some of the leading U.S. credit card issuers with breaking the law by forcing credit card users to sign away their right to bring complaints to court by including arbitration-only clauses in cardholder contracts.
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