Vision Credit Education, Inc.

A controversial billing practice has been outlawed by the CARD Act of 2009. The interest calculation method known as double-cycle billing will no longer apply to credit card accounts. The effective date is February 22, 2010. Read the rest of this entry »

Consumer protection advocates predicted that card issuers would begin to create new fees to offset restrictions imposed by the Card Act of 2009. Citi becomes the latest to confirm that they will add annual fees to some of their credit card accounts. Read the rest of this entry »

Citibank has joined the ranks of other major credit card issuers by raising interest rates on its popular Sears credit card. Interest rates are being hiked for thousands of cardholders, many of whom have very good credit. Read the rest of this entry »

The Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 served to give consumers many protections from abuses of certain credit card issuers. Unfortunately, there are lots of changes that are taking place that are hurting those of higher risk while rewarding those with lower risk. Read the rest of this entry »

Major credit purchases are normally recorded on credit bureau reports. It goes without saying that you should generally put as much money toward a major purchase as is safely possible in order to reduce your borrowing costs. However, a down payment may not be the best approach. Read the rest of this entry »