Your Credit Cards Guide

Did you know that you are not alone in having a tax debt to the Internal Revenue Service? If you are not aware of this then it’s time you need to know what’s going on around you. However, because of the recession, it will be difficult to find money to pay the IRS authorities and many individuals end up having their wages or their bank accounts being levied. The help of tax debt relief specialists is necessary for resolving tax debts and avoiding garnishment. So if you think you have a tax debt outstanding to the Internal Revenue Service, it is preferable that you should know about the tax relief so you can stop the capture and direct debit in paying your tax liability as quickly as you can.

If you are not familiar with the tax debt relief, you can get a specialist to take care of your tax debt as they can negotiate and offer you affordable solutions. Having your account being put into bank levy by the IRS because of neglect, it will be difficult for your lawyer to get it out. W Read more…

July 21^st was a big day in the financial regulation world: the Dodd-Frank Wall Street Reform and Consumer Protection Act turned 1 year old, and a number of its provisions kicked in. Hailed as the most sweeping financial reform since the Great Depression, Dodd-Frank is nonetheless a highly contentious bit of legislation. Two provisions, the Durbin Amendment and the creation of the Consumer Financial Protection Bureau, drew most of the flak, though the law contained 16 provisions in all that required regulators to institute 243 rules, conduct 67 studies and make 22 reports.

The bill was written as a response to the financial crisis that began in 2007 to prevent another “too big to fail” scenario, increase transparency and accountability, and better protect and inform consumers. The bill did not include the Volcker Rule, a provision dear to President Obama. The

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Baggage fees are one of the many nuisances of modern day travel. But as it turns out, theyre avoidable if you use the right credit card.

Weve put together an infographic with information on how you can use your credit card to avoid the $25+ charges levied on checked bags, along with some information on which credit cards can help you gain that most of elusive of airline perks Elite status.

With Elite status, not only do you avoid paying to put your bags in the cargo hold, but you can also enjoy things like discounted or free upgrades, 50% mileage bonuses on future flights, and free food, drinks, and wifi in luxury airline lounges.

Credit cards certainly aren’t a new phenomenon. In fact, credit cards are nothing more than a physical representation of an old accounting technique that simply puts things “on account” –accounts payable if you owed someone and accounts receivable if you were expecting payment from a customer. Generally, such transactions were limited between businesses, and much of the system was based primarily on the integrity of the company doing the borrowing.

However, consumer credit using cards officially began in the 1920s when select oil companies and hotels would give pre-approved customers the ability to put their charges on account. Such “cards” were limited to transactions occurring only between select customers and the firm from which they were purchasing. Several years later in 1938, companies began to accept cards from other retail merchants too.

Attribution for the official launch of third-party credit cards of modern vintage is generally attributed to John Biggins of the Flatbush National Bank in Brooklyn, New York. In 1946, Bi

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The Facebook world is all aflutter about the most recent attempt by scammers to separate you from your data: a promotion promises two free tickets on Southwest Airlines, but in reality is just another plot to gather your personal information.

A message displayed on users’ walls contains something like the following: “OMG I just got two free flight vouchers on southwest airlines! this is awesome! here’s the link.” The link takes those unfortunate enough to click on it to an app called “SW Gifts” which, when installed, can access users’ account information and post status updates or comments from their accounts. The user is then taken to a site that looks like Southwests, but is asked to log in with his Facebook account. Hes then shown the opt-in dialog box asking if the application can access his information and share it with third parties the kind of thing that we see a thousand times but never actually read. He then sees

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It’s Day 1 for the Consumer Financial Protection Bureau — the new federal agency charged with watching out for consumers when it comes to credit cards and other financial products.

Starting today, consumer complaints about credit cards will be collected by a single government agency — rather than the hodgepodge of regulators that existed before.

New website debuts
So, if you have a beef with a credit card, you may now register it with the CFPB on its “File a credit card complaint” page

Before today, consumers who wanted to file a complaint about a credit card issuer had to contact one of five different regulators, depending on the regulator that oversees the lender that issues the card. Consumers and consumer groups often complained about that complaint system, however, saying they often didn’t know which regulator to contact.

Consumers and lawmakers have complained that these regulators — the Federal Reserve, the Office of the Comptroller of the Currency, the National Credit Union Administration, the Federal Deposit Insurance Corp.

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