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Financial News - June 2011
Keep up to date with the latest credit card news, mortgage news and other current financial news that'll help you and your finances. All the news articles for this month are listed below and you can see links to previous month's news stories at the foot of the page.
House sales plunge 15% in a year
  The number of homes sold in the US in May tumbled 3.8% from 5 million in April to 4.1 million - topping out a headlong slide of more than 15% in just a year...  more
  Added: 30th June 2011
 
How to nail the lowest price for your dream auto
  Dreaming of hitting the open road in that super performance car and paying for the pleasure are two different things...  more
  Added: 29th June 2011
 
Cheaper summer vacation reward for credit card spenders
  Soaring gas prices are affecting summer vacation plans but credit card spenders are planning to ease the pain at the pumps by cashing in their rewards....  more
  Added: 27th June 2011
 
Hidden dangers of signing up for a business credit card
  Credit card providers are trying to pull a fast one on new customers by offering them business credit cards instead of personal cards...  more
  Added: 26th June 2011
 
Do you really need a credit card?
  Spending on a credit card has pros and cons for many shoppers. Here are some of the reasons why that is the case...  more
  Added: 24th June 2011
 
Credit cards bribe new customers with cash rewards
  Credit card companies are so desperate for business that they are bribing customers with cash rewards...  more
  Added: 23rd June 2011
 
What’s the point of a good credit score?
  That’s a question generally asked by people who don’t have a great credit score - and that means roughly two thirds of Americans..  more
  Added: 22nd June 2011
 
Credit card mailers are a sign of improving fortune
  The modern day equivalent of soothsayers poring over the entrails of sacrificed beasts is the credit card mailer.  more
  Added: 21st June 2011
 
Retailer reward cards - are they really worth it?
  If you are thinking about a retailer reward card, remember the retailer is trying to tempt you to spend more money not save you cash.  more
  Added: 20th June 2011
 
Capital One leads the credit card charge off race
  Credit card debt is reducing - but one reason is card issuers have already written off millions of dollars on accounts they expect to default anyway.  more
  Added: 16th June 2011
 
HSBC pulls plug on US credit card business
  HSBC is ready to pull out of the US credit card market if a buyer does not come forward to take the $33 billion business over.  more
  Added: 15th June 2011
 
Card issuers take a swipe at debit charge ruling
  Banks and credit card issuers will lose an estimated $1.3 billion in debit card swipe fees after the Senate carried a vote to cap the charges...  more
  Added: 14th June 2011
 
Mortgages are not low enough to tempt back buyers
  Low mortgage rates do not seem enough to entice home buyers back to the market despite real estate prices plunging to a third off peak levels...  more
  Added: 11th June 2011
 
Mortgages are just too complicated for many homebuyers
  Half of home buyers applying for a mortgage have little understanding of borrowing to purchase a home and find the loan forms too complicated to complete...  more
  Added: 10th June 2011
 
Borrowing up as jobless go back to school
  Credit card spending is down but borrowing was up in April for the seventh month in a row.Rising demand for school and auto loans hiked consumer borrowing by $7.2 billion...  more
  Added: 8th June 2011
 
Google Wallet is out to pick the cards from your pockets
  Search giant Google has made a major play to shake up the card and PIN payments in retail stores with a new smartphone app that does away with credit cards...  more
  Added: 7th June 2011
 
Used auto sales are driving loans up
  Trading used autos seems to be driving the driving force behind the motor industry. Only Chrysler is showing an increase in selling new autos out of six of the largest makers...    more
  Added: 4th June 2011
 
Foreclosure tsunami will flood the housing market
  It’s not good to kick a man when he’s down, but tumbling real estate prices and too many homes on the market could mean owners taking one to the chest...    more
  Added: 3rd June 2011
 
Play your cards right to protect your credit score
  Renting a car with a debit card can dent your credit rating worse than a crash. If you are credit-aware and looking to jack up you credit score as high as you can, you have to... more
  Added: 2nd June 2011
 
Don’t pay credit card charges for nothing
  Since the Credit Card Accountability, Responsibility and Disclosure Act wiped out hidden fees and interest rate increases, some card providers have sneaked some legal...   more
  Added: 1st June 2011
 
 
 
 
 

 

 
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