Remar's Report
July 2009
Using Credit Cards Wisely During Today’s Tough Economy
Used wisely, credit cards enable consumers to manage cash flow and leverage their overall buying power. Today’s tough economic times, however, have put pressures on financial institutions, businesses, and individual consumers. These pressures have given rise to ongoing changes in credit card account terms and rates being made by a number of card issuers. Such changes may in turn increase financial pressures on many card holders. Cash-strapped consumers squeezed by higher costs or employment woes may be tempted to bridge cash shortfalls by charging expenditures, even for necessities such as food and gasoline. The resulting cycle of increased debt can be down right dangerous to personal financial stability. This report provides some strategies for using credit cards wisely in today’s tough economic circumstances.
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Useful Websites
BBB, Schumer Warn Consumers of Robocalls Promising to Lower Their Credit Card Interest Rate
This news item from the Better Business Bureau describes automated telemarketing calls that promise to help consumers lower their credit card interest rates.
You Make the Call: The FTC's Telemarketing Sales Rule
This fact sheet from the FTC provides tips to help consumers reduce the number of telemarketing calls they receive.
The MPG Illusion
Take this quiz, from Duke University's Fuqua School of Business, to see if you can choose the most fuel-efficient vehicle combination.
Beware of Foreclosure Rescue and Loan Modification Scams
This brochure from the FDIC reminds you that if it's too good to be true, it probably is.
Useful Websites Archive