Ken McEldowney
Ken McEldowney
question safety
That's a safety issue. There is no question about that.
easier policies
Consolidation makes it easier for these anti-consumer policies to take hold.
reason seek
There's no reason for someone to have a bounce-protection plan. Seek out the overdraft-protection plan.
agencies expect financial government information people personal private protect
I think people expect government agencies to protect their personal financial information more than private industry. As this shows, that's not the case. They're just as sloppy.
against agencies card consumer credit fraud hits might paying reporting safeguard understanding
If a consumer is paying late, or not making credit card payments, they know that before it hits a credit report. The only thing this might be a safeguard against is some kind of fraud -- and my understanding is that the credit reporting agencies have safeguards.
check correct credit far higher interest paying pricing rates report risk run totally using
Lenders are increasingly using risk-based pricing to make loans. If you don't find out your credit score, check your credit report and correct mistakes, you're going to be totally in the dark, and run the risk of paying far higher interest rates on loans.
adjust chance consumers hits phased preferred rates sticker year
We would have preferred the new rates be phased in over a year or two, so consumers had a chance to adjust to it. It's going to be sticker shock, especially because it hits right after Christmas.
accounts banking conditions free industry widespread
The banking industry has become so competitive that there are widespread free accounts out there with no conditions whatsoever.
brain common common-sense
This is not brain surgery. This is common sense. I'm baffled. I really am.
balance card credit essence eyes worthy
In essence you incurred the balance while you were much more credit worthy in the eyes of the credit card company.
good
In the long run, it's a good thing for the consumer.
annual card couple jump late percentage rate
If you make a couple of late payments on a new card with an introductory rate, ... your annual percentage rate could jump as much as 15 percentage points.
assume companies data far guess security
All too often, companies take data security far too casually. I guess they assume nothing is going to happen.