Plain and simple….. credit is the creation of debt. In Grandpa’s day going into debt was considered to be bad. If you couldn’t pay for it, then you didn’t need it. If you got to the point where you had to borrow money you were looked upon differently. It didn’t matter what [...]

On May 22, 2009, President Barrack Obama approved a series of rules that make major changes to practices within the credit card industry. Here is a list of the 10 key changes of the new credit card rules. The rules listed take effect until February 22, 2010.
1. No interest rate increases for the first 12 [...]