More consumer credit card use expected during holiday season
News from Debtmerica Relief:

Most consumers tend to spend more when the holidays roll around, and now a greater number will take on credit card debt when shopping online, instead of using their debit cards.

Consumers who are generally feeling better about their finances in the wake of the recession are more likely to use their credit cards than they have been in the past few years, and online purchasing ahead of the holidays will likely see an even greater shift toward that payment method, according to the latest Online Retail Payments Forecast from Javelin Stra…………… continues on Debtmerica Relief

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Credit card complaints show widespread confusion
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NEW YORK—Interest rates and billing disputes are among the most common complaints about credit card services.

That’s according to the first public report on credit card complaints issued by the Consumer Financial Protection Bureau, which said it fielded more than 5,000 complaints and questions in the three months after it opened for business this summer.

The agency, which was created by the financial overhaul known as the Dodd-Frank Act last year, is mandated with issuing public reports on the complaints it receives.

Although the agency plans to eventually field complaints about a full range of financial products, it decided to start by focusing on credit cards when it officially got up and running in late July.

The report issued Wednes…………… continues on

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