Ed Mierzwinski
Ed Mierzwinski
banning card consumer gift led limiting month states unfair
States and consumer advocates think that gift card fees, such as deductions every month if you don't use the card, are unfair to consumers. Many states, led by California, have enacted legislation severely limiting or even banning such fees.
cards increase trying
They are trying to increase the use of debit cards to increase their profits.
cards credit daily emergency interest life offer paying percent pizza start
Credit cards offer convenience. Credit cards offer emergency life preservers. If you start to use your credit card for daily expenses, and you start paying for pizza at 18 percent interest -- do the math.
bank cards compared diminished increase savings trying
As for the consumer, I think the savings is diminished compared to how much more the bank will make in these transactions. They are trying to increase the use of debit cards to increase their profits.
buy cards gift popular
Gift cards are popular because you don't have to buy a gift, ... You just have to know where they like to shop.
card change companies credit law rates terms
The law allows credit card companies to change your rates and terms at any time, for any reason.
finding improvement seen slight
We've seen some slight improvement ... but we are finding too many playgrounds that are unsafe.
bottom help sound
It doesn't sound like it will help very many people. And that's the bottom line.
hurt worth
It doesn't hurt to overreact, but it's not worth it to obsess.
authority complain people small talk
You can complain to a small bank, but you can't always complain to a big bank. When you talk to people at a small bank, they actually have the authority to make decisions.
balance bigger company early fall minimum paying running trick trying understand
Understand that the credit-card company is trying to trick you into running up a bigger balance or paying late. Don't fall for their tricks. Pay on time, as early as possible. And don't just make the minimum payment.
consumer encouraged lawsuits penalty pressure responding
I'm encouraged that some issuers are doing this. I think penalty fees are a disingenuous way of making money, ... I'm encouraged the marketplace is responding to pressure from lawsuits and consumer complaints.
based credit fix problem reports score sloppy underlying
Their score is based on their sloppy credit reports and doesn't fix the underlying problem with the reports.
battle clear name prepared
Be prepared for a long battle to clear your name