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How credit cards become asset-backed bonds
Paddy Hirsch Mar 8, 2013
Mortgages aren't the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it.
Closed credit card account
Chris Farrell Nov 25, 2008
Question: I just received a letter from Chase informing me that they had closed one of my credit card accounts (I have two Chase cards) due to lack...
The Whiteboard: How credit cards become asset-backed bonds
Richard Core Nov 25, 2008
Mortgages aren't the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make...
Bank trouble and a credit card
Chris Farrell Nov 21, 2008
Question: I have a Citi Bank credit card as my primary credit card. The account is in good standing with no debt, but what happens if Citi Bank...
Credit problems
Chris Farrell Nov 19, 2008
Question: I have been working to eliminate my personal revolving debt for more than five years by paying the minimum monthly or more. It is evident...
Credit Score: Carry A Balance or Not?
Chris Farrell Sep 4, 2008
Question: My 23 year old son applied for a credit card and was turned down because of "lack of credit history." We had held a joint credit card...
What now?
Chris Farrell Aug 20, 2008
Question: I am notoriously bad with my finances, and for basically the past five years since I graduated college, I have ignored them. Of course...
Prepay Credit Card?
Chris Farrell Jul 25, 2008
Question: Is there such a thing as receiving interest for pre-paying a credit card? In other words, I could send in (say) $500 to my credit card...
Credit Card Debt
Chris Farrell Jul 8, 2008
Question: Chris - I'm expecting an annual raise on my next paycheck of 3-4%. In the past, I've taken part of that and increased my 401k...
Students & Credit Cards
Chris Farrell Jun 30, 2008
Comment: I am listening to your answer to the parents who have a son going to Prague for fall semester. I have two daughters who have just...
