| Prepaid Credit Cards: A Great Payment Option for Both Mature ...
According to a recent Experian-Gallop poll, 31 percent of Americans are having trouble making ends meet, and 49 percent of American consumers dont pay their credit card balance in full at the end of the month. Many hard-working, middle-class Americans are struggling with their finances, and credit card debt is playing no small part in the decline of the American standard of living. One smart way to avoid credit card debt and credit card interest charges: use prepaid credit cards, also known as prepaid debit cards or stored value cards. Prepaid credit cards work the same way traditional credit cards do and can be used to pay for all manner of goods and services at virtually any place that accepts regular credit cards. The main difference between a prepaid card and a regular credit card is that with a prepaid card you need to fund the account before making purchases.
Merchant Bill Of Rights Attempts To Educate Retailers About Card ...
A recent survey conducted by supporters of The Merchant Bill of Rights found that many small and mid-sized business owners don't understand credit/debit/prepaid card processing costs, the fees and surcharges they pay, and how these charges impact their bottom line. The Merchant Bill of Rights is proposed as an industry standard to inform and educate business owners about card processing costs and drive savings for small and mid-sized businesses. Nearly 400 merchants nationwide voluntarily responded to the survey. Findings indicate: Only 26 percent of participants believe they are being treated fairly by the debit/ credit/prepaid card processing industry. Only 32 percent understand unfair card processing practices and how they impact their business. Only 21 percent understand the rates, fees and surcharges they pay.
HSBC to Sell Bonds of New Century Subprime Mortgages (Update2)
May 31 (Bloomberg) -- HSBC Holdings Plc plans to sell bonds backed by some of the last subprime mortgages made by bankrupt New Century Financial Corp., once its biggest rival in the business. The $1 billion of home loans made by Irvine, California- based New Century that HSBC plans to package and sell as securities on June 5 have an average age of about three months, Fitch Ratings said in a May 29 report. New Century, whose $51.6 billion in lending last year to borrowers with poor credit records or high debt burdens was topped only by London-based HSBC, stopped taking loan applications in early March. More mortgages that New Century made in its final months before filing for bankruptcy on April 2 will probably turn up in future deals, said Alla Sirotic, a Fitch analyst in New York.
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