This week we rounded up experts looking at credit in new ways, credit counselors that cause concern and consumers that fight the good fight. If you want to take back the power from the banks –or need debt relief solutions –this week’s top picks will speak to you. We encourage you to follow any of the contributors you enjoy on twitter for regular updates. And don’t forget to follow Credit.com at @CreditExperts.
Making the Case for Elizabeth Warren & the Consumer Financial Protection Bureau
The Cosumerist urges its readers to join them in protecting the CFPB against funding cuts and delays. They even provide a list of representatives and encourage readers to write letters.
When is Paying an Annual Fee Actually Worth it?
The common perception has been that cards with annual fees are avoidable, so they aren’t a good bargain. It turns out that some cards will gain you so many rewards that the cost of the annual fee are actually worth the benefits to the consumer. Just make sure the rewards programs work for you before singing up. » @arohan
There are Pitfalls in Credit Counseling
There’s been a history of hidden fees and unfulfilled promises in some credit counselor’s offers. Those who turn to credit counselors after getting into debt should be sure they know what they’re signing up for. » @theadvertiser
Lack of Credit Forces Many Small Business Owners to Finance With Personal Assets
With the reduction of credit to small businesses many owners are personally taking on the financial burden whether they intended to or not. » @ScienceBlogTwit
Image by Rosaura Ochoa, via Flickr