Credit card changes come into focus for JPMorgan Chase

Posted by administrator | 09/10/11 | Tagged Credit Card Debt

Credit card changes come into focus for JPMorgan Chase
News from Debtmerica Relief:

JPMorgan Chase, the nation’s second-largest credit card issuer, is currently working on completely revamping its entire lending business.

Under the direction of its head, Gordon Smith, JPMorgan Chase’s credit card lending business has taken considerable strides in the last few years in terms of revamping the way it handles bad debt, deals with customer service issues and markets its various financial products, according to a report from Reuters. The marketing aspect has been particularly important to the company in recent years because of the amount of revenue that can potentially be gen…………… continues on Debtmerica Relief
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Credit card debts land OFW in jail
News from Inquirer.net:

OFWs are often beset with problems that have nothing to do with their jobs overseas. One of them is credit card debt.

In rich countries, getting a credit card is easy. Our kababayan there are almost pushed to avail of the plastic money cards.

Some overseas Filipino workers carry not just one or two cards but five or six, or as many as they can.

But some kabayan apparently don’t know how to handle finances wisely. They buy too much on credit, forgetting that they are going to have to pay for the debts eventually.

Signing receipts with no cash on hand is easy. This is evident from the flashy personal things of many OFWs—like their cellular phones and hip gadgets which always seem new and top-of-the-line.

One of our OFWs recalled that her employer scolded her for buying a cellphone that was more extravagant and expensive than the one she was using.

We also have cases of OFWs scheduled for repatriation but who cannot get clearance because he or…………… continues on Inquirer.net
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Credit Union Pays You to Use Debit Card

Posted by administrator | 09/10/11 | Tagged Credit Card

Credit Union Pays You to Use Debit Card
News from TheStreet.com:

NEW YORK (MainStreet) — As Bank of America(BAC) prepares to implement a $ 5 monthly debit card fee and Wells Fargo(WFC) flirts with doing the same, the idea of a bank actually paying its customers to use a debit card seems almost laughable. But that’s exactly what’s happening at the Randolph Brooks Federal Credit U…………… continues on TheStreet.com
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