Aside from a tough job market, new college graduates also face a challenging credit landscape this year. Credit tightened in the recession, and a recent survey shows bank executives don’t think creditors are ready to relax their grip yet. The survey, conducted on behalf of FICO by the Professional Risk Managers’ International Association, asked bank risk professionals for their predictions in consumer credit...

on Aug 5, three Malaysian men had visited a diamond shop in the central port city of Da Nang, Vietnam. According to the Viet Nam News, one of the men had purchased jewellery worth VND53 million (RM7,800) using a credit card. the transaction was approved. the owner of shop said that when the Malaysians had left the shop, she received a call from a staff...

The world can seem scary and unkind for those people that have bad credit. your credit score can make or break certain goals that you have set out. It use to be easy to get a credit card to help repair your credit, but now days it is getting harder to get approval unless you...

Using a credit card when you travel is easy and secure, and you can see everything you spent in one place when you get your monthly statement. but when that statement arrives, you may be shocked to see an extra 3 percent added to each purchase you made in a foreign currency. This is the foreign transaction fee, or...

Plastic money is the foremost mode of payment these days, so it seems. In almost every establishment you go to, they accept these as payment facilities and not only that, when paying for goods or services using a card, consumers are offered discounts, rewards or points and other promotional strategies that make...

Updated at 7:26 pm on 10 July 2012 Spending on electronic cards has jumped, and economists say that some householders are spending more on wining and dining. Official figures released on Tuesday show retail spending with debit and credit cards rose a seasonally-adjusted 0.4% in June, compared with may. Spending on accomodation, restaurants, and bars all rose, and Westpac senior economist, Michael Gordon, says that the...

Is a Credit Card better than a personal loan? well, strictly speaking a credit card is a form of personal loan although interest is paid only on the balance that has accrued. everyone in business knows that having adequate cash flow is vital to the life of the business. The same could be said about our personal lives. If the cash runs dry where...

Seoul (Source: Kim So-hyun Asia News Network (MCT)) – a group of civic organizations on Monday requested the prosecution to investigate alleged rebate provision by companies that handle credit card transactions to large retailers that accept credit cards. because the value-added network companies pay rebates to large retailers, it is becoming difficult to...

On the previous year, credit card users wiped out 11 percent debt. on the average, debt stacks declined in every state of America, CNN Money wrote. For fiscal year 2011, average debt in credit card was $6,575 while in 2010 it reached $7,404, based on the statistics presented by Credit Karma.com, a website for financial education and tracks credit standings. the report of the website was based on 300,000 users of...

Total consumer borrowing rose $21.4 billion in March, the Federal Reserve said Monday. That’s the seventh straight monthly increase and the largest since November 2001. A measure of auto and student loans increased $16.2 billion. a separate gauge of mostly credit card debt rose $5.2 billion after declining in January and February. The increase pushed total borrowing up to a seasonally adjusted $2.54 trillion. That’s slightly below...