Thursday, December 30, 2010

"Master The Card: Say Goodbye to Credit Card Debt...Forever!" is Now Available!

Balboa Press recently published my new book, "Master The Card: Say Goodbye to Credit Card Debt...Forever!"

Go to any of the following websites to purchase:

Tuesday, December 7, 2010

Received Copy of My Book From The Publisher!

Today, Balboa Press sent me a paperback copy of my new book, "Master The Card: Say Goodbye To Credit Card Debt...Forever!"


Thursday, August 26, 2010

Americans Are Paying Down Their Credit Card Debt!

At least for now. And that's a good thing. With so many people unemployed or underemployed, it can be hard to "find" money to reduce debt. But many people are realizing that they must stay away from their credit cards during these tough economic times.

TransUnion states that during the second quarter of 2010, Americans reduced their average credit card debt to $4,951, which TU says is "down 13.4%" from the first quarter. TransUnion also states that delinquencies are down, too.

Something to think about: The economy will turn around at some point. When? We don't know. However, when that time comes, we should maintain the good habits regarding credit cards that we are now establishing during these recessionary times.

My book will focus on some of these practices and mindsets. I will keep you posted regarding its publication date. Stay Tuned!!

Friday, July 23, 2010

New Book is Coming!!

I am very excited to announce that my first book will be published very soon! It will incorporate much of what has been addressed in this blog....and more!

Stay tuned for more details!

Thursday, March 18, 2010

Bank of America Gets Rid of Its Overdraft Fees on Debit Cards

Some days ago, in an attempt at improving its relationship with the general public, Bank of America announced it will stop charging overdraft fees on purchases made with it debit card. This will be effective beginning this summer. Bank of America and all other banks will now need to get customer permission to before providing overdraft protection on purchases made with debit cards and on all A.T.M. withdrawals, thanks largely to the new federal CARD Act legislation.

Over the years, banks thrived on these overdraft fees. According to an article in the "New York Times," "Debit purchases account for roughly 60 percent of overdrafts at Bank of America, the nation's largest issuer of debit cards." The article also states that other banks will probably follow suit.

The article continues that "93 percent of the fees are generated by just 14 percent of the customers who exceed their balances (on their debit cards) five times or more a year."

As I've stated within this blog, on other sites, and to my audiences, there is no substitute for personal responsibility. While the banks have taken advantage of the consumers, they've done so largely because we'v allowed them to do so. The banks "play on" our ignorance and laziness and so many of us just act like victims.

Yes, the new federal regulations should empower the public, but this is no time to get complacent. In fact, it is time to learn all we can about our rights and responsibilities as consumers. REMEMBER - the banks work for us; we should not work for them.

Tuesday, February 23, 2010

Something Worth Watching!

I am always "on the lookout" for people who want to help others become debt free. I "found" one such person yesterday. Her name is Joyce Meyer. I have been watching her television programs for many years, but yesterday, she addressed the topic of debt, and in particular, credit card dbet.

I recommend that everyone goes to her website - - and watch the program there.

And as always, thanks so much for reading my blog.

Comments are always welcome!


Friday, February 19, 2010

Despite CARD Act, Don't Trust The Banks and Card Issuers

The BIG DAY is almost here! February 22 is the date when the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act takes full effect. In a previous post, I wrote about many of the protections that will be in place to help the consumer. But as with most things in life, nothing is foolproof. And when it comes to money, especially credit cards, you can count on some banks and credit cards issuers to still try to "pull a fast one" on unsuspecting people, who may naiively think that because the CARD Act is now law, these banks and issuers will "play noice" all of a sudden. Don't fall for it! Be on guard.

I read a very informative article earlier today titled "Banks and Card Issuers Find Clever Ways Around CARD Act Rules." It was written by Tracy Coenen, a fraud examiner and forensic accountant who investigates corporate fraud and consumer scams. The article appears on the website -

Coenen writes that "there is plenty of new and creative ways to get money out of consumers without violating (the CARD Act)." These include the "$1 statement fee," "Consumer consent to over the limit fees," "Converting a fixed rate to a variable rate," and "rate rebates." These and more are covered in detail in Coenen's post. So, go to the Daily Finance website and read the article in its entirety.

Coenen also states something that I have been writing and speaking about fior a long time: namely, "Don't be passive about your credit cards." I have an entire section on this in my upcoming book. Stay tuned for more!

Wednesday, February 17, 2010

Here Come Those Credit Card Offers Again!

According to the market research firm, Synovate, credit card issuers are increasing their mailings to the American public. One issuer, Capital One, mailed 13 million offers in the fourth quarter of 2009. Capital One had, in the past, mailed millions of offers to subprime (big risk) borrowers.

ADVICE - If you get a credit card offer, tear it up! The only thing you can do with a credit card is debt.

Sunday, February 14, 2010

CARD Takes Effect on February 22

Hi All,

Just a reminder that the new CARD Act legislation goes into full effect next week, on February 22. I suggest that everyone goes on-line and downloads the legislation. It could be the most important information that you have to enhance your financial life, especially if you are in debt to credit cards and tend to carry balances month to month.