27
Dec
10

credit card offers coming back

According to the Wall Street Journal, after more than two years of tight lending, banks have begun originating more mortgages and offering customers with credit card offers.  With the economy seemingly improving in 2010, banks feel more secure to offer credit.

Recent law changes have placed limits on fees credit card issuers for charges such as late payments and frequency of interest rate increases.  Subprime credit issuers that relied on such fees to generate revenue determined that such debtors were more of a liability than a source of profits. Therefore, credit card providers have targeted borrowers with a credit score of at least 720, says John Ulzheimer, president of consumer education for SmartCredit.com, a credit-monitoring web site.

The number of credit card applications sent to potential credit card users more than doubled through November, to four billion, according to Mintel Compremedia, which tracks direct marketing data.

http://www.financialfreshstart.org

Advertisements

0 Responses to “credit card offers coming back”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 35 other followers

The content found on the financialfreshstart Blog is not legal advice and is purely for informational purposes. The Zarcone Law Firm does not guarantee the accuracy, integrity or quality of submissions. The information provided by the bloggers on this site may not represent the opinions of the Zarcone Law Firm or its affiliates. The information contained herein is not a substitute for the advice of an attorney.

lawyer blogs

Avvo - Rate your Lawyer. Get Free Legal Advice.

Tweets from The Zarcone Law Firm


%d bloggers like this: