CreditCardsCo Blog Topic - ' Banking'

How Reducing Prime Rate Affects Credit Card Debt and Finance?

The prime rate is always seen as the first approach to controlling a recession. Burst periods which accompany the end of a market boom can be controlled by reducing the prime rate. Up until now, the Federal Reserve has steadily reduced prime rates in a bid to reduce interest rates and stimulate consumer spending.


Author: Brent Thomas | Categories: Banking, Credit Card Debt

Second ‘$800 billion’ Bailout and US Consumer Banking

Unlike the first $700 billion stimulus package which was intended to promote inter-bank lending, the second bailout $800 billion economic stimulus package would be used to purchase consumer debt and mortgage backed securities.


Author: Scott Townsend | Categories: Banking, Financial News

Understanding Credit Cards in Small Print

Millions of United States consumers lose money due to their inability to either read or understand details pertaining to their credit cards in small print. Whether it’s a credit card agreement, purchase agreement or other contract details, the bulk of Americans will only skim through the document rather than take a while to read and ensure to have understood all aspects of the agreement.


Author: Brent Thomas | Categories: Banking, Credit Card Basics




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