Debtbeat

Bank of America Ends Debit Card Overdrafts

2010-03-10T13:33:55Z

Up until now, Bank of America customers who charged more on their debit cards than they had in their checking accounts were hit with a nasty $39 fee. That meant that a wayward swipe at 7-11 could end up costing a month’s worth of Big Gulps. But Bank of America has just announced that it will [...]

Get Out Your Lasso, It’s a Roundup!

2010-03-09T11:58:40Z

I read a lot of financial press and liberally “borrow” from the best news and ideas to share here. (Imitation is the best form of flattery. And the best way to get sued.) But anyway… I’ve been seeing a lot of great posts lately and wanted to share my treasures culled from the veritable bowels of [...]

Kwedit is so Kwute

2010-03-07T14:24:28Z

Every great marketer knows that to be really successful, you need to hook your target market when they’re young. From Joe Camel hawking smokes to the “first one’s free” approach used by Marcelo (my local purveyor of street-grade recreational pharmaceuticals) it’s a time-honored and proven approach to building a client base for life. Now the debt-industrial [...]

Surprise! Consumer Borrowing up in January.

2010-03-06T01:25:06Z

In a very unexpected development, U.S. Consumers increased their non-real estate borrowing for the first time in a year. According to new numbers released by the Federal Reserve Friday, the total seasonally adjusted consumer credit increased in January by $4.96 billion (for a 2.4% annual rate) to $2.46 trillion. Economists had widely expected consumer borrowing to keep [...]

BofA Debt Revolter Launches Anti-Tax Site

2010-03-05T01:24:52Z

By now you should be very familiar with Ann Minch, the woman who nearly brought Bank of America to its knees with a YouTube video. Well not quite, but she did get BofA to lower the rate on her credit card, which is a pretty keen accomplishment in its own right and probably all she wanted [...]