Priority Payday Loans Rebrands Site to Focus on US Market

In an effort to better reach American consumers, Priority Payday Loans recently introduced a rebranded version of the popular short-term lending resource.

LOS ANGELES, May 7, 2012 /PRNewswire via COMTEX/ -- Short-term financial resource Priority Payday Loans recently began focusing exclusively on American consumers. The site, reintroduced as USA.PriorityPaydayLoans.com, announced the rebranding initiative after reports indicated a rapidly changing overseas demand for short-term financial products. Since the launch, Priority Payday Loans is reporting a significant change in site interaction.

"We are excited to see such a positive reaction to our domestic rebranding initiative," Priority Payday Loans spokeswoman Michele Holbrook said. "The consumer interaction we are experiencing is much more targeted and our user base is expressing a higher level of satisfaction after the launch."

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TransUnion: National Credit Card Delinquencies Increase, but Remain Near Record Low Levels

CHICAGO, IL, Nov 15, 2011 (MARKETWIRE via COMTEX) -- The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) increased in the third quarter for the first time since the fourth quarter of 2009, edging upward to 0.71 percent. Average credit card debt per borrower increased $63 in the quarter to $4,762, though it remains near record-low levels. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. consumers, evaluating how they are managing credit related to mortgages, credit cards and auto loans.

The Q3 2011 TransUnion data released today show credit card delinquency rates rising from the historic lows of last quarter. "This is the first quarterly increase we've seen in almost two years," said Ezra Becker, vice president of research and consulting in TransUnion's financial services business unit. "Even so, we are still well below historical norms. In fact, we're at the second lowest delinquency rate nationwide that we've seen in the past 16 years.

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US economic data inspires cautious optimism

Economic indicators in the US are showing signs of recovery, despite the Federal Reserve’s unwillingness to take the steps needed to curtail the budget deficit, according to Julius Baer.

A household would never run its budget the way the US government does, said Mark Matthews, a managing director at the boutique private bank. If the US were a household with an annual family income of $21,700 (its gross domestic product), it would be spending $38,200 every year. Despite an outstanding credit card bill of $142,710, it is still adding new debt of $16,500 annually — and through painful efforts it recently achieved a budget cut of $385.

There has been some improvement in the jobless numbers, but unemployment has been above 9% for 28 months now. That is its longest slump since 1945.

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Which Credit Cards Can Help You Rebuild Credit?

Today, bad credit is a common problem that many consumers are confronted with.  The good thing is, you can do something to improve your credit score and get yourself out of bad credit.  On this post, let’s take a look at some of the credit cards that you can use to rebuild your credit more quickly. 

Secured Credit Cards. A secured credit card is a popular type of bad credit credit card that requires the submission of security deposit.

Unsecured Bad Credit Credit Cards.  There is a new type of bad credit credit card in the market which does not require security deposits.

Prepaid Credit or Debit Cards. Prepaid credit cards or debit cards have evolved since they were first introduced in the market.

Anyone can easily obtain a prepaid debit card regardless of credit history or credit score.

Read more Which Credit Cards Can Help You Rebuild Credit?

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AmEx lets small businesses trade points for Facebook ads

t's one thing to get free airline miles or hotel stays for credit card points, but here's an industry first: free Facebook ads.


Today, American Express and Facebook will roll out a program that allows the credit card giant's Membership Rewards customers to redeem points for ads on the social-media giant's site. The program is primarily targeted at small-business owners via American Express OPEN, but it's also open to millions of other AmEx card holders, says Ed Gilligan, vice chairman at American Express.

"When we ask small-business owners to name their biggest challenge, the answer is always finding new customers," Gilligan says.

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Debt ceiling: Just do it

NEW YORK (CNNMoney) -- Warnings from all three credit ratings agencies didn't do it. Seven weeks of talks among lawmakers didn't do it. Maybe President Obama's talks with Capitol Hill brass will do it.

But as of now, there's still no debt-reduction deal. And many lawmakers are still demanding one in exchange for their vote to increase the debt ceiling.

Here's an idea: Even if they can't come up with a deal by Aug. 2, lawmakers should raise the debt ceiling anyway. Then they should make a pot of coffee and go back to hammering out a debt-reduction plan.

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Enhancing Your Credit Score with an Unsecured Bad Credit Credit Card

A unsecured bad credit credit card is a kind of account that individuals with bad credit score can buy. In by doing this, they could benefit from the ease of utilizing a credit card despite an undesirable credit rating.
Although a unsecured bad credit credit card has a greater rate and,you can use it to enhance credit score.

Proper Utilization of Unsecured Bad Credit Credit Cards

To be able to effectively improve credit score, the cardholder must make use of the credit card properly. You will find many ideas and applications unsecured credit cards for bad credit. If however the primary purpose would be to enhance the cardholder's credit rating, you will find specific steps that must definitely be adopted.
First, the cardholder must bear in mind the unsecured bad credit credit card are only used temporarily and should be utilized only with regards to enhancing credit score.

Second, consumers must use a maximum of 30% of the borrowing limit.

Third, the cardholder be forced to pay monthly charges entirely. By upholding your purchases at least, having to pay entirely shouldn't be considered a problem.

Last although not minimal, as essential as everything pointed out, the cardholder must check his/her monthly statement of account to ensure if all charges are correct.

Read more Improving Your Credit Score through An Unsecured Bad Credit Credit Card

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Bank Watch: PBI Bank Pressured To Reduce CRE Loan Concentrations

PBI Bank in Louisville, KY, expects to enter into a consent order in the near future with the Federal Deposit Insurance Corp. (FDIC) and the Kentucky Department of Financial Institutions. The order establishes benchmarks for the bank to improve its asset quality, reduce its loan concentrations and maintain its capital levels.

"Like many banks across the nation, PBI had a challenging year in the aftermath of the recession that resulted in an increase in non-performing loans, charge-offs and loan loss provision," stated Maria L. Bouvette, president and CEO of Porter Bancorp Inc., parent company of the bank. "While most of these loans were made several years ago when the economy was much stronger, the increase in unemployment rates and depreciating real estate values since that time put more pressure on construction and land development loans where we have experienced a higher than normal loss rate."

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How Can Unsecured Bad Credit Credit Cards Be Good for You?

If your credit score is not doing nicely for some time now, an unsecured bad credit credit card are can be a tool to help you rebuild your credit standing. This means that as you enjoy the convenience of paying with a credit card, you also have an opportunity to improve your credit score.

Nevertheless, rebuilding a bad credit score via unsecured bad credit credit cards doesn't happen instantly. You will find essential actions to make it occur.

• Getting started
• Convenient use of credit cards
• Importance of good and timely payments
• Learn proper financial management

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