Are Rewards Credit Cards Really Worth It?

Credit Cards

Are Rewards Credit Cards Really Worth It?

Are Rewards Credit Cards Really Worth It?

Credit card rewards are fantastic. You can get gift cards, plane tickets, discounts, cash and all sorts of special treatment, just by making everyday purchases with a rewards card. You can rack up a lot of freebies and save tons of money. That’s also why they can be dangerous. Spending disguises itself as saving, and... Read More

Student Loan Debt: A Wealth Killer?

Students

Student Loan Debt: A Wealth Killer?

Student Loan Debt: A Wealth Killer?

You may associate wealth with a fat paycheck, but there’s more to it than that. When it comes to net worth, it’s not only what you make — it’s what you borrow. The net worth of households headed by young, college-educated adults without student loans ($64,700) was about seven times greater than that of their... Read More

Medical Debt Unfairly Hurts Credit Scores, CFPB Says

Credit Score

Medical Debt Unfairly Hurts Credit Scores, CFPB Says

Medical Debt Unfairly Hurts Credit Scores, CFPB Says

Credit scores unfairly punish consumers who don’t pay their medical bills right away, according to a study just released by the Consumer Financial Protection Bureau. What’s more, scores for consumers with unpaid or late medical bills inaccurately predict the creditworthiness of those consumers, the study suggests. Consumers who are late paying medical bills should be... Read More

Am I Too Old to Take On Debt?

Managing Debt

Am I Too Old to Take On Debt?

Am I Too Old to Take On Debt?

Taking on debt is always a leap of faith, no matter your age. But taking on debt when you are older should be handled even more carefully. Similar to retirement investing advice, in general, the younger you are, the more risk you can take. You simply have more time to recover from any downturns. Good... Read More

Help! Someone Stole My Toddler’s Social Security Number

Identity Theft

Help! Someone Stole My Toddler’s Social Security Number

Help! Someone Stole My Toddler’s Social Security Number

Child identity theft is widespread and the stories that it produces are fascinating, shocking and often terrifying. Here’s a case study from Credit.com partner Identity Theft 911: Kimberly Reed panicked when a state health worker told her that her son wouldn’t be eligible to renew his free health care because he made too much money.... Read More

4 Ways New Grads Are Vulnerable to Identity Theft

Students

4 Ways New Grads Are Vulnerable to Identity Theft

4 Ways New Grads Are Vulnerable to Identity Theft

As new graduates climb down from the ivory tower (diploma in hand), many will be facing “real world” transactions for the first time, and they are at risk. Identity-related crimes, bad deals and credit score pitfalls pockmark the road ahead. And for those new grads who are thinking, “It can’t happen to me,” prepare to... Read More

5 Mindsets That Can Keep You From Your Goals

Personal Finance

5 Mindsets That Can Keep You From Your Goals

5 Mindsets That Can Keep You From Your Goals

“Shark attacks in 2010 rose 25%!” screamed one headline.  Below it was a picture of a sign posted at a tourist spot in the U.S.: “WARNING: Recent shark attack. Beach closed.” You all remember the summer of Sharkmageddon.  There was an epidemic of shark bites on swimmers.  Well, there was an epidemic of stories, anyway.... Read More

Lifelock Suspends Mobile Wallet App After Security Concerns

Identity Theft

Lifelock Suspends Mobile Wallet App After Security Concerns

Lifelock Suspends Mobile Wallet App After Security Concerns

Identity theft protection company LifeLock pulled its LifeLock Wallet application from the App Store, Google Play and Amazon Apps after the company realized the product was not compliant with payment card industry (PCI) security standards. Payment information stored in customers’ Wallets has been deleted from LifeLock’s servers, the company announced May 16, and the app... Read More

Why Are Closing Costs So Confusing?

Mortgages

Why Are Closing Costs So Confusing?

Why Are Closing Costs So Confusing?

There’s a lot to learn when it comes to buying a home. One of the things many people forget to factor into their calculations when deciding how much house they can afford is closing costs. While you may know about down payments and mortgage interest rates, closing costs are important to understand as well. What... Read More

Show Me More

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.

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.

Our Owners

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.

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