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Surprise, surprise, only 20 days after its launch, the Kardashian Kard was pulled this week. While everyone can take a sigh of relief that another fee chasing card has been removed from the store shelves, the world of prepaid cards is hardly gone – with teens and underbanked still the main targets.

I have always been intrigued as to why consumers would go the prepaid card direction versus a traditional credit or debit card. While the most logical reason could be that the individual has bad credit and wont be approved, I see this as an issue for an older generation. For the teen demographic that these cards mainly target, products such as a savings or checking account should not be an issue and opening a kids or student checking out is definitely a more appropriate option.

Parents need to recognize that there is nothing illegal in targeting a young consumer with debit cards as the Kardashian Kard clearly demonstrated. T

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The company has a strange name that sounds like something out of a science fiction movie or your high school calculus class, and you have probably never heard of it and know nothing about what it does. But you can be quite sure that the company named “[x+1] Inc.” knows a thing or two about you.

The company’s own CEO was quoted in the press saying “We never don’t know anything about someone.” That manner of speaking is about as strange as the company name, but what he meant is that his company always knows at least something about everyone – and there is nobody that it does not know something about, including you.

Because of that unique quality the [x+1] might be really cool to “friend” on Facebook or to hire to do undercover work for the CIA. But the revenue

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Over two million people in the UK are still paying for credit card purchases made last Christmas, it has been revealed. A new study by shopping group Consumer Intelligence found that one in seven of us borrowed to pay for Christmas expenses in 2009, and that a third of those still havent finished clear their debts a year later.

With credit card debt rising, and cutbacks and the economic downturn putting pressure on our spending power, many are concerned that they wont have enough money this Christmas. However, the figures also show that such seasonal debts are not new, and that a couple of years ago there were as many as 4.5 million people in the UK still paying off their Christmas debts from the previous year. Read more…

Tags: Christmas, Credit Card, Last Christmas