Financial transactions-related complaints have risen more than twentyfold the past six years, led by issues on the use or abuse of credit cards, the Bangko Sentral ng Pilipinas said. Read the rest of this entry »
Credit-card abuse top customer plaint
April 8, 2012
Cap urged on hike in credit card limit
February 28, 2012
MANILA, Philippines – One of the world’s most respected personal finance advisers is urging Philippine banks to put a cap on increasing the credit limit of their card holders. Read the rest of this entry »
Report: Consumer info at risk in overseas call centers
February 21, 2012
Most Americans know the drill: You call a company’s customer service line and often, you end up speaking with someone in another country. This can be an inconvenience because of languages and accents, but the matter is more serious than just that. Information to that effect from a Communications Workers of America (CWA) report is gaining attention in Congress. Read the rest of this entry »
Twelve tips to manage credit card debt in 2012
January 9, 2012
It’s the new year, and what better way to ring it in than to add a shiny new credit card to your wallet? Here are 12 tips for obtaining a credit card and not misusing it. Read the rest of this entry »
Walking away from the credit card trap
January 3, 2012
AS 2011 closed, I completed my usual review of my family’s finances, especially our spending patterns given our income sources. What struck me was the increasing size of my credit card bills compared to those of previous years. Read the rest of this entry »
7 secrets of credit card companies
December 9, 2011
With the right approach, you can significantly improve your credit card situation. But to get the best deals, you’ll have to ask.
It’s not that your credit card company deliberately wants to keep you in the dark. OK, maybe some do. But most major banks are pretty good about disclosing their terms and conditions on credit cards. The tips I’m talking about here fall into the “I didn’t know that!” category — things you can, indeed, negotiate with your credit card company. Read the rest of this entry »
Why capping credit-card rates won’t help consumers
December 8, 2011
BOSTON (MarketWatch) — If we want to get the economy back on track, maybe we should pass a law that puts a cap on the interest rate banks can charge on credit cards. Doing so, according to proponents of the idea, would free up of billions of dollars that consumers could then use to inject life back into the economy. Read the rest of this entry »
Should your credit rating scare you?
December 1, 2011
Credit scores are an important fact of life: they dictate whether you can borrow funds, and what interest rates you’ll be offered for credit you qualify for. But, how does your credit rating affect your life without you knowing – and should it scare you? Read the rest of this entry »
Credit card business growing slowly
November 9, 2011
THE Bank of the Philippine Islands (BPI) yesterday launched its ePrepaid card to expand its presence in the credit card industry.
Read the rest of this entry »
More readers speak on credit card abuse
September 9, 2011
We received more comments from our readers to this columnist’s view on credit card use (“Credit Card Debt Much Worse than Usury,” 29 August 2011). We are giving them space again, and also removing any reference to the concerned banks’ names. Read the rest of this entry »
