It seems like I get these letters everyday offering me unbelievably low re-finance rates or some other too good to be true offer involving my mortgage. I can’t imagine how much life they’ve stolen from my shredder at this point. These letters look so legitimate and expiration dates give people a sense of urgency to …
This new Federal Reserve study is a fascinating look at credit card utilization across income brackets. It’s showing up all over the place: NY Times, Wall St. Journal, etc. It’s also an incredible distortion. There are a number of variables for which it fails to account. The most egregious were pointed out by Matthew White …
Who Gains and Who Loses from Credit Card Payments? Read More »
3/7/12 UPDATE: The rules have been modified extensively since this review. Please take the time to understand the changes before you apply. First, let me say I’m humbled that senior management at PerkStreet have contacted me not once but twice about my commentary on their checking account (see Part 1 and Part 2 of the …
3/7/12 UPDATE: The rules have been modified extensively since this review. Please take the time to understand the changes before you apply. In the month since Part 1 of my PerkStreet review, the one thing that has become quite clear is that PerkStreet users are passionate about the checking account. The emails and comments have …
This week, the New York Times Money section has been sharing a list of some of the toughest money questions a child can ask his/her parent. I’ve been intrigued with this discussion and thought it might be helpful to have one resource that not only lays out these questions but also looks at some of …
As most of my readers know, I have a strong interest in peer to peer lending. I was an active lender on Prosper for a couple of years before realizing the wide difference between Prosper’s actual default rates versus what was being reported. I also have a fascination with one day becoming a venture capitalist …
3/7/12 UPDATE: The rules have been modified extensively since this review. Please take the time to understand the changes before you apply. PerkStreet Financial just announced a checking account with a 2% rebate when you make purchases with the debit card and sign for the transaction. Why don't they offer the same rebate for PIN …
Today Target announced that beginning this fall, users of their store credit card as well as the Target VISA card will receive 5% off their purchases made exclusively at Target. Like the Toys ‘R’ Us program I reviewed a couple of days ago, this program’s sole goal is to increase spending at Target and hopefully …
Today, Toys ‘R’ Us announced a new program called the Holiday Savers Club to incentivize consumers to do their holiday shopping at their store. The program works like this. You go into the store anytime between now and October 16 and sign up for a card. Then, you can put money on the card through …
On Monday, the Federal Reserve introduced its new online database of credit card agreements under the guise of strides in consumer protection. This, of course, comes as the result of all the recent credit card legislation. So, let’s click on over there and see if we feel any safer. Ta-Da! OK, fine I’ll be the …
Review of Federal Reserve Consumer Credit Card Agreements Searchable Database FAIL Read More »
