Home | How It Works | Guarantee | Privacy | Order Now | Search Unclaimed Money | Help

Did your credit card minimum payment increase?

February 9th, 2006

Regulatory guidelines on credit card minimum payments were made three years ago. Read on to find out how this will affect your credit card bill.

Most of the top 10 credit card issuers have raised their minimum payments the last quarter of 2005. The result is that your payments have increased even if you have not added to the card.

The higher minimum credit card payments are the result of guidelines issued in January 2003 by the Federal Reserve, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Office of Thrift Supervision. Card issuers were to adopt higher minimums by the end of 2005, sooner if feasible.

Is there such a thing as good debt?

December 20th, 2005

Usually when one says they have debt this is taken as a negative. However, there could be more to this debt than meets the eye.

Not all debt is alike—and not all debt is bad. It’s very reasonable to carry a mortgage or a car loan. What is needed is that you pay attention to the cost of the debt. If you have a revolving debt on a credit card that’s charging you 18% per year, you’re in a bad situation. If your student loan is costing you 6% per year, that’s not as worrisome.

Affiliate Program | How It Works | Guarantee | Privacy | Unclaimed Property Blog | Order Now | Media & Press Relations
Unclaimed Property Definitions | Unclaimed Money | Useful Money Links | Link To Us | State Property List | Help

Copyright © 2002 CashUnclaimed.com. All Rights Reserved. By use of this site you are specifically agreeing to
the terms of use posted on this site. You should click here to review them now.

When you perform a free trial search on CashUnclaimed.com we display the total dollar amount in unclaimed funds that we show reported by the appropriate government agencies. This does not guarantee that this money is 100% absolutely yours. What it means is that there is that total dollar amount shown by government agencies under your name and common variations of your name at the last time we had the information available to us was reported as unclaimed and is able to have a claim form submitted to be paid that amount. For more information please read our terms of use by clicking the link above.