Personal Finance

Follow Friday: Weekly Web Roundup (10/7/11)

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Since Bank of America’s new payment card fee captured headlines this week, we’re bringing you helpful ways to get around this new phenomenon. We also feature a feel-good story from a credit union that’s bucking the trend to their advantage.  With fees on the rise and lending still uncertain, it can’t hurt to do your research, weigh your options and be vigilant in the quest for financial success. 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

4 Ways to Avoid That Dreaded Monthly Debit Fee

Shock and outrage followed the announcement of the Bank of America debit card fee last week. Now, some are trying to figure out ways around it and similar fees from other banks. Going back to basics, using some new innovations and opening your mind to credit (safely, of course) may be the answers to avoiding the new debit card fee. @HuffingtonPost

Credit Union Paying Customers to Use Its Debit Card

A Texas credit union is using the bad publicity surrounding Bank of America’s new debit fee to its advantage. Turning the fee on its head by paying customers even more to use their debit cards has gained the little-union-that-could many new fans.  @Time @joshsanburn

Credit Cards Reimagined

For some time, we’ve been getting sneak peaks of the super-cool new credit cards that feature buttons you can push in order to switch between credit, debit and even rewards points accounts. Well, the wait may be over soon. More than one million cards have been ordered by multiple card issuers and the company producing them, Dynamics, found serious investors to get this product off the ground. “Chip & Choice” card accessibility may be closer than we thought! @Forbes

6 Common Credit Card Pitfalls to Avoid

Most of us are aware of the general dangers of using credit cards—here’s a list of specific traps to avoid. While rewards, “investment” cards and balance transfers may seem like attractive offers, it pays to do some research and make sure they’re right for you. @usnews

Small -Business Lending Jumps, But Credit Struggles Continue

Here’s how small-business lending breaks down: larger loans are easier to get than smaller loans. While there’s been an uptick in small-business lending, it may take more time before businesses that only need to borrow small amounts become more attractive loan candidates. @WSJ

Image: J Rosenfeld, via Flickr.com

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