In the wake of an automobile accident most people are completely shaken up, even if they managed to escape without any visible physical injuries. But immediately following the accident, drivers who were not at fault – and are entitled to money from the driver who was – begin dealing with the other driver’s insurance company. If a claim is made, then stressful communication with insurance company representatives may continue for days, weeks, or even months. But what most consumers don’t know about these conversations is that the people on the other end of the phone – regardless of how nice they are and how helpful they seem – have one primary objective in mind. They want t

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Consumers hoping for relief from credit card interest rate hikes will have to wait a few months longer. On Wednesday, Senate Republicans put a “hold” on a bill to freeze credit card interest rates immediately, in order to avoid further rate hikes before February 22, 2010 when the new Credit CARD Act steps into effect. The hold on the bill effectively freezes it, and for the time being, prevents further debate and a vote on the measure.

The bill was co-sponsored by Senators Chris Dodd (D.-Conn), Chairman of the Senate Banking Committee and Mark Udall (D.-Colo) in response to recent consumer outcry over aggressive credit card rate hikes over the past six months. Und

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As you may have already heard, with the future acquisition of Revolution Money it looks like American Express is gearing up to make big moves within the financial industry. At one time considered to be a low cost alternative to American Express, the price tag set to acquire them is a hefty one at $300 million. With one of the reason for acquiring Revolution Money being their credit card called the RevolutionCard, here is a little information about the card and what sets it apart from its competitors.

When you look at the RevolutionCard you will notice that is very different to the credit card you may have in your pocketbook.

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Every day, we are bombarded with advertisements and promotions about credit cards. There is one thing common in them – low interest rates. With a wide array of advertised low interest credit card to choose from, you cannot afford to settle for anything less. Before choosing the right card for your needs, it is important to know what a card should have to be considered low interest. It is also necessary to know how to apply and get approved for that particular card. Most importantly, you need to know how to handle your card to keep interest rates low at all times.

At this point, we have to define what a low interest credit card is. Actually, it is difficult to look for a specific definition because it changes from time to time. A

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What exactly is going on with the economy? Stocks are up and big bonuses are back, but while they’re throwing parties on Wall Street, there’s pain on Main Street. One out of every six workers is unemployed or underemployed, according to government statistics – the highest figure since the Great Depression.

This week NOW gets answers and insight from Harvard professor Elizabeth Warren, who’s been heading up the congressional panel overseeing how the bailout money is being spent. Watch b

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