Review Credit Card News in Internet during the 13 to 19 February 2012

Posted on February 19, 2012 by Max

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WWW.CCARDZONE.COM represent review Credit Card News in Internet during the 13 to 19 February 2012:

Swamped by Credit Card Offers in Your Mailbox?

The volume of mail delivered by the U.S.Postal Service fell nearly 6 percent in fiscal 2011, but credit cards mailings last year jumped 37 percent, according to Mintel Comperemedia.

The credit card industry sent out almost five billion direct mail pieces in 2011. That was 16 pieces for every man, woman and child. If you have a good or excellent credit score, you probably had double that number of offers. Those are the customers that every issuer is trying to attract.

The offers included cards with very low promotional rates as well as attractive balance transfer offers.

Direct mail is a proven form of attracting new applications, and issuers are determined to get their offers in front of their target households as many times as possible. Credit card issuers buy names and addresses from businesses and non-profit agencies. This can happen when you secure a mortgage, give money to charity or sign up for a magazine or on-line subscription….

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Innovative Lending and Financial Literacy: A Conversation with Cheryl Fatnassi

Cheryl Fatnassi is the president and CEO of Opportunities Credit Union, one of the most successful Community Development Credit Unions in the nation.

Based in Winooski, Vermont, Opportunities Credit Union was named the most prolific real estate lender among all credit unions in its asset category ($50 million) in September 2011. A large part of their lending success can be attributed to their programs working with multilingual financial literacy, credit building and debt counseling programs for Vermont’s diverse population. As a community development credit union, Opportunities is committed to serving low-income, underserved and rural populations. Cheryl graciously took time out of her busy schedule to speak with NerdWallet about Opportunities’ unique programs…

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Q&A with Carl Richards: personal finance on a napkin

Carl Richards is a certified financial planner and founder of Prasada Capital Management investment firm, but he may be more well known as the napkin-sketch guy.

On his website, Behaviorgap.com, and at the New York Times, he explains financial concepts in a way that can be drawn on a cocktail napkin.

He’s also author of a book with his sketches, and what he calls a personal finance book for people who would never buy a personal finance book: “The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money.”

Writing about his financial struggles — including stopping payments on his underwater mortgage and then having to short-sell his home in Las Vegas — has brought Carl Richards a sizeable fan base and success.

The release is on the heels of his widely read New York Times piece about his heart-wrenching decision to stop paying his mortgage, which he did in 2010 when he was forced to sell his Las Vegas home for a loss on a short sale…

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Etsy Now Accepts Credit Cards. But Is It Safe?

Calling all crafty ladies and artistic gentlemen: buying and selling handmade goods on the shopping site Etsy just got easier!

The funky online marketplace announced last week that it would process credit card payments on behalf of its sellers, allowing customers to complete their purchases without being redirected to another payment site.

Up until this point, payments were being handled by a third party, such as PayPal. But pressure from both buyers and sellers motivated Etsy to make the leap into credit card processing, taking their business model one step closer to that of Amazon…

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