Home > Personal Finance > Follow Friday: Weekly Web Roundup (6/24/11)

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This week we have some good advice, market news and examples of how to get more for your money. If you’re a consumer who uses car insurance, or looking for a reverse loan —or really anyone who uses a credit card, these stories could benefit you. As always, if you enjoy any of our favorite bloggers, we encourage you to follow them on Twitter for regular updates. And don’t forget to follow Credit.com at @CreditExperts.

Meet the Credit-Card King With $300,000 in Credit
Some cardholders are taking the more-is-better approach when it comes to credit. In some cases much, much more. This system can be a good system to get a higher credit score for those with high available credit and diligent bill paying habits. Many say this is unnecessary and even dangerous for those who aren’t as disciplined. Like most things, credit is not a one-size fits all fix. @Marketwatch

How to Save $23,000 on Car Insurance
Like most things we purchase, car insurance rates are based greatly on what our credit scores are. As you might have guessed, the higher your score the more you save. In fact, if you keep your score up during most of your adult life, your savings on insurance could equal a new car. @Time

New Law Focuses on Concealing Breaches
We’re getting closer to more regulation on companies when it comes to data breaches. With daily news items about new breaches, delays in transparency and the possible dangers from these hacks, this bill comes as a very welcome protection for consumers. @IDT911

MetLife Pushes Reverse Mortgages as Wells Fargo, BofA Retreat
Some of the big banks are pulling out of the reverse mortgage market, citing unpredictable housing values as the reason. While some question MetLife’s choice to charge ahead in this market, others see the large life insurer appealing to a large demographic of retirees. @BloombergNews

Pay Off Mortgage or Keep Money in Savings
Most of us are concerned with managing our money as effectively as possible. The difficulty with this is that there is often no crystal ball when trying to make wise financial decisions. In this case, a woman writes in to be advised by JD Roth at Get Rich Slowly on how to best spend the money she has. Her story and mortgage breakdown may be a good example for you to weigh your own situation. @MSN @GRSBlog

Image by chaztoo, via Flickr

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Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

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We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

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Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

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Credit.com is owned by Progrexion Holdings Inc. which is the owner and administrator of a number of business related to credit and credit repair, including CreditRepair.com, and eFolks. In addition, Progrexion also provides services to Lexington Law Firm as a third party provider. Despite being owned by Progrexion, it is not the role of the Credit.com editorial team to advocate the use of the company’s other services. In articles, reporters may mention credit repair as an option, for example, but we’ll also be sure to note the various alternatives to that service. Furthermore, you may see ads for credit repair services on Credit.com, but the editorial team isn’t responsible for the creation or implementation of those ads, anymore than reporters for the New York Times or Washington Post are responsible for the ads on their sites.

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Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

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- The Credit.com Editorial Team