Credit Card

Your Credit Score: Why it Matters

Imagine that you’re a loan officer at the local bank. Two customers, Mr. Rich and Mr. Buck, come in to borrow money. You check Mr. Rich’s history; he has an excellent credit score, 800. Mr. Buck’s score is an embarrassingly low 300. To whom should you lend mone Read more...

Who Can’t Handle Credit? Adults More Likely to Have Debt on Plastic

When it comes to credit card debt, younger people are often chided for their ill-advised use of plastic. After all, many may not have had the proper personal finance background when they first got their card. For example, Sallie Mae noted that the average amount of c Read more...

Credit Card Debt Tumbles Again in April

Trying to get out of debt has been a concern for many people, especially after the worst recession since World War II. A recent report from the Federal Reserve Board shows that this trend of paying down debt continued in April when it comes to credit cards. Revolving co Read more...

Credit card offers increase as consumers improve payment habits

The personal finances of both older and younger people in the country may be improving, and those who issue credit cards and insurance policies are taking note.According to recent data from Mintel Comperemedia, the number of credit card offers mailed during the first qu Read more...

CARD Act limits credit offers to young people

One way young people can help establish a personal finance history is through a credit card, although new federal rules may make it more difficult for them to acquire an account. The Credit Card Accountability, Responsibility and Disclosure Act requires that people unde Read more...

Statue of Limitations & Time Debts Stay on Credit Report

Dear Melissa, I want to repair my credit and raise my score and was reading about states having a statue of limitation. With this being the case can I have accounts that have reached the statue of limitations removed from my credit? And with this statue of limitati Read more...