Consumer credit card rates continued to climb this week as quarter-point rate increases from several major banks were applied, according to the weekly IndexCreditCards.com Credit Card Monitor. Business credit card rates remained steady. Bank of America and Wells Fargo instituted a quarter-point increase to the APRs of most consumer cards, with a handful of smaller [...]
On December 13th, the Federal Reserve Board hiked bank lending rates for the 13th straight time, meaning bad luck for credit card holders who carry a balance. This week, average credit card rates rose above 10% for even the most credit-worthy customers, while the overall rate average rose to over 12.5%, according to the IndexCreditCards.com [...]
Different individuals define debt differently. The creditors will of-course enjoy the borrower in debts. On the other hand, it symbolises a burden for the debtors. A debt becomes a burden when it is difficult for a borrower to manage it. Keeping these things in consideration Easy-Debt-Consolidations have introduced cheap debt consolidation loans to help the [...]
With the unofficial holiday shopping season opening Friday, consumer credit card rates rose for the seventh straight week, according to the IndexCreditCards.com weekly Credit Card Monitor. Top-level consumer credit cards averaged a 9.91% Annual Percentage Rate (APR), up from 9.87% last week and 9.51% seven weeks ago. IndexCreditCards.com uses top-level” to describe Platinum or similarly [...]
Phoenix Bankruptcy Rates Bankruptcy in Phoenix, AZ, has increased drastically over the past few years. In January of 2006 there were 162 chapter 7 filings in the Phoenix area compared with December of 2008, when there were 1,155 chapter 7 filings. This is an incredible 712% increase in just two years. In January 2006 there [...]
After a precipitous rise in UK house prices over the past 18 months, there are signs that the market is beginning to cool after interest rates were raised to 5.75% in July 2007, from 4.5% at the beginning of 2006. Although the Bank of England has left rates on hold in the last 2 months, [...]
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Average credit card rates continue to climb, according to the weekly IndexCreditCards.com Credit Card Monitor. A quarter-point increase on many American Express cards had the biggest impact on this week’s averages. The increase from American Express was not surprising, as a hike in federal lending rates last month had already caused other financial institutions to [...]