CFPB: We’re Fixing the Credit Card ‘Stay-at-Home Parent’ Rule

Credit Cards

CFPB: We’re Fixing the Credit Card ‘Stay-at-Home Parent’ Rule

CFPB: We’re Fixing the Credit Card ‘Stay-at-Home Parent’ Rule

Many consumer groups have spoken out against rule that was designed to prevent borrowers from obtaining credit cards they can’t afford, but has also stopped stay-at-home parents from getting any such account. Now, the federal consumer watchdog is moving to fix that issue. One provision of the Credit Card Accountability, Responsibility and Disclosure Act of… Read More

What a Good Store-Brand Credit Card Looks Like

Credit Cards

What a Good Store-Brand Credit Card Looks Like

What a Good Store-Brand Credit Card Looks Like

The list of questions you get asked at the checkout counter seems to grow every year. In addition to the standard “Did you find everything you’re looking for?”, customers may be asked to donate a dollar to a charity or hand over their email address to sign up for newsletters. But the most important question… Read More

When a Prepaid Card is Worth the Fees

Credit Cards

When a Prepaid Card is Worth the Fees

When a Prepaid Card is Worth the Fees

Some people love their prepaid cards. They work great for Credit.com reader Jack Sauber, who says that “credit cards are great but it is like an open wallet for certain kids,” whereas “prepaid cards have … better control.” Meanwhile, other people allege that any prepaid cards come with hidden fees, which can severely hurt people… Read More

10 Cities That Survived the Credit Crunch

Personal Finance

10 Cities That Survived the Credit Crunch

10 Cities That Survived the Credit Crunch

While credit scores overall in the U.S. are down 0.6% since 2007, some cities have been working hard on their credit, despite the recession. Those cities have survived the credit crunch, coming out on the other side with an average credit score that is actually better than it was pre-recession. The Experian 2012 State of… Read More

Housing Market Bounces Back Nationwide

Mortgages

Housing Market Bounces Back Nationwide

Housing Market Bounces Back Nationwide

Many consumers across the country have been struggling with the housing market, either because they want to buy and can’t get a mortgage, or because they want to sell but home values aren’t high enough to cover their underwater mortgages. However, new trends in the market may be helpful to both buyers and sellers. During… Read More

Credit.com in the News 9/21/12

Personal Finance

Credit.com in the News 9/21/12

Credit.com in the News 9/21/12

This week the experts from Credit.com contributed to different media outlets on subjects including identity theft,  data protection and protecting your children and business against both. Check out the hits… Credit.com Co-Founder and Chairman, Adam Levin explains to Fox Business that no company can be too safe when it comes to data protection.  He also… Read More

What You Need to Know About Credit Card Insurance Plans

Credit Cards

What You Need to Know About Credit Card Insurance Plans

What You Need to Know About Credit Card Insurance Plans

It sounded like such a good idea at the time. It was 2009, the nation was in the middle of the Great Recession, the housing market was taking a serious blow, and Janet Summers* decided she needed a little protection from life’s big changes. Her husband still had work renovating homes in the Charlotte, N.C.,… Read More

Should Utility Payments be Reported to the Credit Reporting Agencies?

Credit Score

Should Utility Payments be Reported to the Credit Reporting Agencies?

Should Utility Payments be Reported to the Credit Reporting Agencies?

Most consumers are aware that how they manage “standard” credit obligations — such as mortgage, automobile and student loans as well as credit cards — are recorded in their credit histories at the three major national credit reporting agencies (Equifax, Experian, TransUnion). This information is then accessed and used by lenders when evaluating a person’s… Read More

FICO Says Lower Scores Show Recovery is Slow

Credit Score

FICO Says Lower Scores Show Recovery is Slow

FICO Says Lower Scores Show Recovery is Slow

Over the last few years, millions of Americans have seen their finances improve in some way since they took a hit during and immediately following the recent recession. In some cases, however, their credit scores may not reflect that improvement. There has been relatively little growth in the middle credit score ranges since the early… Read More

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