Credit Card Complaints Keep Coming, Says CFPB Report

Even though last year's financial reform was supposed to make credit cards more transparent, consumers are still complaining about interest rates, billing disputes and confusing credit card terms.

A sizable minority of the more than 5,000 complaints about credit cards submitted to the Consumer Financial Protection Bureau between mid-July and mid-October involved issues that were supposedly addressed by the CARD Act, signed into law in February 2010. The law required greater clarity in the language of credit card agreements and gave consumers a longer grace period to pay balances before incurring late fees, among other provisions.

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Wise Spending Tips for the Holidays

The last few months of the year is considered to be the most profitable season for many merchants and businesses.  With four different holidays fast approaching, the Halloween, Thanksgiving, Christmas and New Year – many consumers are willing to spend a little more despite the limited budget.

Are you ready to face the holidays this year?  How can you survive the season without getting stuck in bad debt?  Consider the following suggestions:

Zero in your credit card balances.  Before the holiday season comes, make sure that you have no remaining balance in any of your credit card accounts.  If you’re planning to use your credit cards for holiday shopping, it’s best to start with zero balance. 

Read more Wise Spending Tips for the Holidays

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• Credit Cards For People With Bad Credit
• Bad Credit Payday Loans
• Bad Credit Secured Credit Cards