The revenue banks get from interchange fees helps to offset money lost from fraudulent transactions.

The number of businesses filing bankruptcy has increased significantly over the past few years. But how does a company exiting Chapter 11 bankruptcy become truly viable? Let’s take a look at a few post-bankruptcy survival tips for businesses:

The true face of bankruptcy is NOT the former millionaire turned fraudster or slickster, it is the ordinary people in our society who have run into a bit of bad luck and misfortune.

The Federal Reserve is coming under fire after it proposed that credit card companies consider individual income and not household income when deciding whether they will issue a credit card.

Even car buyers with tarnished credit histories are getting financing, in some cases without making a down payment. More than 859,000 new cars were sold to consumers with a so-called subprime credit rating in 2010, a nearly 60 percent increase from the year before, according to CNW Marketing Research.

Post-bankruptcy debtors who still have debts to pay after their discharge need to ask themselves a consider a few things so that they can both prepare for retirement

Post-bankruptcy debtors must realize that dealing with the credit card industry is much like a game of musical chairs. Just when you think you got it all covered, the music stops or suddenly changes.

The CARD Act was suppose to put a lid on the virulent marketing of credit cards to young people but according to some experts, the situation has not improved much. Young people are still in debt with credit cards and credit card companies are coming up with creative ways to bilk the youth of their last penny.

Credit repair agencies have not been swayed by the rules implemented to protect debtors.  Because of the ongoing recession, many credit repair agencies are ramping up their marketing efforts and many falsehoods are being pushed onto unsuspecting debtors.  Here’s what you need to know and the lies you shouldn’t believe:

Credit repair companies can wipe bad [...]

One of the most pervasive bankruptcy myths that debtors are likely to believe is the myth that lenders shun people who have filed bankruptcy.  While some lenders may charge a bankruptcy debtor more interest than someone who has not filed bankruptcy AND who has a good credit score, many lenders are lucky to have a [...]