Irvine, CA (PRWEB) November 6, 2010
The latest MoneyNing.com post offers money tips and a warning to its readers that regardless of the recently passed CARD ACT, credit traps continue for unsuspecting consumers. The post 5 Credit Card Traps to Watch Out For is available at http://MoneyNing.com/.
The American Bankruptcy Institute (ABI) recently released data underscoring the economic crisis plaguing many U.S. consumers. Regardless of the National Bureau of Economic Research announcement that the recession is over, bankruptcy filings by U.S. consumers increased during the month of October.
It’s hoped that regulations aimed at the mortgage industry, banks, and credit card companies will protect consumers from predatory practices but, as personal finance blog MoneyNing.com warns, these agencies are in the business of making money. Consumers beware.
In a recent MoneyNing.com post entitled 5 Credit Card Traps to Watch Out For, consumers are encouraged to educate themselves on the practices the CARD Act protects against and those it does not.
The post's author, Miranda Marquit, outlines the top five things consumers need to consider when it comes to credit cards. Take business cards, for example.
Marquit explains, “It is important to realize that business cards are not protected by the CARD Act. The provisions of consumer protection in the CARD Act do not extent to ‘professional’ cards.”
David Ning launched MoneyNing.com in 2007 to help consumers avoid these types of costly money management mistakes. The comprehensive personal finance blog covers a variety of issues including debt reduction, frugal living, and smart investing.
Such practical, straightforward money tips have earned MoneyNing.com top ranking with a following of 300,000 monthly readers and a growing Facebook fan page. Content from the popular blog has been featured on the NYTimes.com, Time.com, and USNews.com.
David Ning is an author, trusted advisor and founder of MoneyNing.com. His is also a regular contributor to the “ON RETIREMENT” section of USNews.com. Ning focuses on money tips for those seeking to build wealth slowly over time through smart management of their capital resources.
Subscribers to MoneyNing.com have access to a growing library of personal finance information including David Ning’s free eBook How to Save Money on Everything, a weekly newsletter, and a 7-part mini e-course full of useful money tips.
To learn more money tips visit http://MoneyNing.com/.
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