College Credit Card Rule Changes: Make a Plan Now
If you start using credit cards at 18, by the time you're 19 or 20, your credit score could be in the 700-range, which could get you a credit limit of about $5,000, possibly more, Lin says. And if your credit score is around 740, you can get an interest rate of as low as 9%, a tempting idea for a newly independent consumer
7 tips for a successful credit card dispute
"It's no secret that in this recession, many travel companies are playing the discount-and-surcharge game. You know, the one where they slash prices and then add hidden fees to make up the difference. It would follow, then, that a lot of unwanted charges are popping up on credit card bills - fees that, if not removed, will end up being contested."
Credit scores stable despite limits cuts: Credit Karma
"Despite concerns that credit card limit cuts would devastate consumers' credit, scores nationwide seem to be holding steady, according to Credit Karma, a score-tracking site."
Average credit scores down from 2007, but leveling off
"Credit card company policies that drastically cut people's available credit over the past two years did their damage to credit scores as expected. Credit Karma, in its trend study, reported today that according to its June Credit Score Climate Report the current average U.S. consumer credit score was 674 in May."
Credit card debt barometer reports second-quarter improvements
"If you're wondering how your credit card debts and other borrowing loads stack up with the average consumer, check out these numbers compiled by Credit Karma, an online research and educational business."
New Credit Rules Bring Unintended Consequences
"You've seen a lot of credit card companies already starting to raise their interest rates," said Ken Lin, founder and CEO of Credit Karma, a provider of credit reports and scores. "With default rates over 10 percent, credit card companies are trying to get ahead of the curve before the Credit Card Act takes effect."
A web-based survival toolbox
Monitor your credit. CreditKarma lets you see your credit scores for free. It also does credit score modeling so you can see how a planned financial action might raise or lower your score.
Protecting your identity on the Internet
More than 10 million people were victims of identity theft last year. As a result, privacy experts suggest checking your credit report every few months. A new web site called Credit Karma is a good place to start to help keep your identity safe.
Financial Websites, to Trust or Not to Trust
Well, now that the economical crisis is taking effect, many people have started to give their financial status more attention; starting from regulating purchases, to investment decisions and scholar funds, and maybe that is why financial websites such as Mint and Credit Karma are expected to flourish during this period.
Credit scores available for free
Credit scores used to be a tightly controlled secret. But the new democratization of credit scores means shame on you if you don't know what's going on with your credit and your credit score.