Credit | Bible Money Matters

New Credit Card Rules Take Effect: CARD Act Of 2009

February 23, 2010

Credit Card Accountability, Responsibility and Disclosure Act (CARD) of 2009 On May 22nd, 2009 Barack Obama signed new legislation into law called the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (Credit CARD Act). The law was supposed to force credit card companies to become more transparent with their fees, interest rates and other [...]

9 comments Read the full article →

Consequences Of The Credit Card Reform Act – Watch Out!

December 31, 2009

New credit card reform laws are going into effect in February of 2010 to provide more consumer protection. The reform was put in place to deal with what were some abusive practices of interest rate hikes and fees. You may recall a post from Pete earlier this year in which he talked specifically about the [...]

7 comments Read the full article →

Credit Cards: Why I Love Them And Why I Hate Them

December 4, 2009

Why I Love My Credit Card If you’re read my site for a while you may be a bit surprised to find out that I actually do use a credit card. I’m usually the one that’s first to tell people that they shouldn’t use credit, and that they should save up for things that they [...]

8 comments Read the full article →

Lawmakers Push For An Extension Of The $8000 First Time Homebuyers Tax Credit Into 2010 In Proposed Bill

October 23, 2009

Since earlier this year we’ve been talking a lot about the $8000 first time homebuyer tax credit that was passed as a part of the 2009 Economic Stimulus Package. The credit has been available for first time homebuyers since January 1st, and will continue to be available until November 30th. Now that the program is [...]

13 comments Read the full article →

First Time Homebuyer Tax Credit May Be Extended To All Homebuyers And Increased to $15,000 Through New Bill

September 18, 2009

The last few months have seen an increase in home sales to first time homebuyers, as well as a slight improvement in the real estate market as a whole. A lot of people feel that this is largely due to the first time homebuyer tax credit that the Obama administration passed earlier this year. The [...]

73 comments Read the full article →

Five Things That Don’t Affect Your Credit Score

August 20, 2009

With a shaky economy and tightening credit terms, it can be easy to be paranoid about your credit score. If you’re planning a major financing or recovering from bad credit, it’s not unsurprising that you’d be as self conscious and mindful about your credit score as a supermodel would be about her (or his) weight. [...]

18 comments Read the full article →

Examples of Questionable Business And Marketing Practices And How Not to Fall for Them

June 22, 2009

This is a guest post by Mr Credit Card from askmrcreditcard.com. Mr Credit Card reviews credit cards , lots of them! Today, he would like to share his thoughts on questionable business and marketing practices and how we fall for their hype. You can subscribe to his RSS feed here. First, I would like to [...]

4 comments Read the full article →

New Legislation Will Bring Changes To The Credit Card Industry

May 29, 2009

If you’ve been reading this blog for any period of time, you probably know that I’m not a huge fan of credit cards. As a Dave Ramsey fan and facilitator for his Financial Peace University class, you’d probably understand why. In general I think that using debt and credit are just poor ways to get [...]

4 comments Read the full article →

Are In Store Credit Card Offers Becoming More Aggressive?

March 31, 2009

photo credit: qnr Over the weekend my wife and I did quite a bit of shopping. I needed some clothing and a shop vac to clean up in our garage after a long winter. My wife wanted to get some dishes. We also needed to stop by the grocery store. While we were running around [...]

46 comments Read the full article →

Are You Emotionally Invested In Your Credit Card?

March 25, 2009

I was listening to the Dave Ramsey show on my way to work this morning, and Dave was talking to a caller on his show that had just taken the plunge, pledged to go no further into debt and then cut up his credit cards. He was talking about how it had been extremely [...]

15 comments Read the full article →

Tip: The Credit Card Companies Are Not Your Friend, They Just Want Your Money

March 3, 2009

I’ve noticed lately that the credit card companies are using a new tactic (or at least new to me). They’re doing things for cardholders that on the surface appear to be helpful in order to make you think that they’re on your side. They’re you’re friend, and they’re here to help you! I’ve seen a [...]

22 comments Read the full article →

Video: The Crisis Of Credit Visualized

February 20, 2009

The current economic downturn that we’re experiencing can be quite overwhelming at times. It’s tough to understand, and when people try to explain, it’s easy to get lost in all the details. I found a video online that does a good job of looking at the current credit and housing crunch, and explaining how it [...]

2 comments Read the full article →

Headed for Debt Disaster? Here’s How to Tell

December 4, 2008

This is a Guest Post written by Tisha Tolar. Tisha is a freelance writer providing content for CreditCardAssist.com, where she regularly writes about credit cards, rewards programs and general consumer finance issues. Busy, busy, busy. That is how so many people describe their lives today. There is not always time to truly focus on the [...]

1 comment Read the full article →

When Canceling A Credit Card, Be Ready For The Emotional Appeals To Stay

December 1, 2008

Time to cancel the old credit card! photo credit: danesparza I recently called to cancel an old American Express card that I’ve had since 2001. I cut the card up in early 2008, and had stopped using the account several years ago. It was time for the card to be gone for good. When I [...]

14 comments Read the full article →