Consumers develop credit issues for a wide variety of reasons—many of which are circumstantial—job loss, emergencies or health crises. Sometimes, it’s nothing more than bad luck. But until your credit improves, you have two options for the types of credit cards for bad credit: Secured cards and unsecured cards designed for those with poor credit. … Read more
Before you apply for a credit card, you should determine what you hope to get out of your card. Here are some steps that can help you choose the right credit card for your needs. Consider your spending categories. Choose a credit card that offers the most rewards for the categories where you typically charge. … Read more
When it came to wedding purchases that don’t often fall into traditional bonus categories, like dining or travel, I wanted to maximize my spending with my cash-back cards. Since most of the best cash-back cards carry foreign transaction fees my options were limited. I used my Discover it® Cash Back, which earns 5% cash back … Read more
Case C-326/22 Z arose regarding Article 16(1) of Directive 2008/48/EC on consumer credit and the right to early loan repayment, which provides consumers with a right to repay their loan early and to the costs of the loan reduced accordingly. The facts Six consumers assigned to Z their claims regarding 15 consumer credit contracts that were repaid early, who … Read more
Mariana Marques (Master’s student in European Union Law at the School of Law of the University of Minho) Introduction In practice, financial institutions often grant credit without analysing the consumer’s creditworthiness. In most cases, credit is granted without analysing any variant that could compromise the borrowers’ financial capacity – and this is particularly prevalent … Read more