Home > Personal Finance > Follow Friday: Weekly Web Roundup (11/18/11)

Comments 0 Comments

This week our favorite blogs have given us helpful tips for keeping up healthy credit scores and even getting free vacations out of it.  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.

View From the Wing – Using Credit Card Offers to Construct a Free Dream Trip Quickly

Some common beliefs about credit card travel miles are changing — namely that they take too long to accrue, are saddled with restrictions and don’t really amount to much. With banks and airlines working more closely now and some new cards offering major sign up reward bonuses, the trip you thought was out of reach may be closer than you think. @USATodayTravel

How Closing a Credit Card Affects Your Score

With the great new rewards, balance transfer options and general desire to have more credit, there are countless reasons consumers are tempted to open up new cards. Closing the accounts when they no longer serve you can be detrimental to your credit score, so it’s important to keep that in mind before closing and opening credit card accounts.  @tarasbernard @NYTimes

Balance Transfer Day – A New Bank Protest Set for December 11th

There’s another anti-bank protest in the same vein as Bank Transfer Day that asks consumers to transfer their credit balances from big banks to lower and zero interest credit cards on the same day — Dec. 11. The aim is to help consumers lower their interest rates while making a big statement to the big banks. @HuffingtonPost

The Difference Between a Hard Pull and Soft Pull Credit Inquires

One of the five factors credit bureaus take into account when scoring your credit is the amount of times your credit is checked.  Some businesses and utilities companies require credit checks as a prerequisite for services, but it’s hardly fair that those things should affect your score. Luckily, it doesn’t have to affect you if your credit is being checked with a “soft pull.” It’s important for you to ask if that is the case before the process begins. @moolanomy

Steakhouse Waiters Busted in Alleged Identity Theft Ring

It may come as no surprise that high-end New York City restaurants are over-charging their guests, but now the waiters are taking it to another level. When paying the bill at some well-known steakhouses, patrons had their credit card information lifted by the wait staff, and then used to buy luxury items that were resold for cash.  This story is another reminder that you don’t know where your information could be compromised and the best protection is checking your account, daily. @NBCNewYork

Image: zuperdzigh, via Flickr.com

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Certain credit cards and other financial products mentioned in this and other sponsored content on Credit.com are Partners with Credit.com. Credit.com receives compensation if our users apply for and ultimately sign up for any financial products or cards offered.

Hello, Reader!

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).

Our Reporting

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.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

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.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

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.

Thanks for stopping by.

- The Credit.com Editorial Team