When Credit Card Networks Say No to Merchants

Credit Cards

When Credit Card Networks Say No to Merchants

When Credit Card Networks Say No to Merchants

Credit cards offer both cardholders and merchants a secure and convenient method of payment. And just as most cardholders have found their credit card transaction denied at least once for one reason or another, there are some merchants who have been denied the ability to accept credit cards. Some of the merchants who can not... Read More

Americans Plan to Spend More on Home Improvement

Mortgages

Americans Plan to Spend More on Home Improvement

Americans Plan to Spend More on Home Improvement

Americans are increasingly willing to spend on home renovations, according to a survey that says they are taking on more projects and plan to use more expensive materials throughout the process. In a news release, remodeling app Planese outlined the results of an online survey done with remodelormove.com, in which homeowners were asked roughly 70... Read More

Mythbusting: Do You Need a Credit Check to Use Obamacare?

Credit Score

Mythbusting: Do You Need a Credit Check to Use Obamacare?

Mythbusting: Do You Need a Credit Check to Use Obamacare?

Credit scores have joined the ring of confusion surrounding the Affordable Care Act (ACA) and the newly opened health insurance exchanges. While auto and homeowner’s insurance providers may check your credit score when you apply for coverage, health insurers do not assess applicants’ credit scores as a means to decide health plan costs or whether to... Read More

Credit.com in the News 10.12.13

Personal Finance

Credit.com in the News 10.12.13

Credit.com in the News 10.12.13

So far this month, the Credit.com credit experts have kept busy by answering questions about credit card rewards and managing debt, and they’ve also weighed in on timely topics like smart holiday shopping and identity theft concerns with the Affordable Care Act. Here are a few places where you can find their interviews: Credit.com’s Director... Read More

Will 2014 Be the Year to Buy a New Car?

Auto Loans

Will 2014 Be the Year to Buy a New Car?

Will 2014 Be the Year to Buy a New Car?

Car sales are expected to grow in 2014 and top 16 million for the first time since 2007, according to the 2014 new car sales forecast from car-shopping site Edmunds.com. The estimate is 16.4 million light vehicles sold next year, a 6% increase from the anticipated sales of 15.5 million for 2013 and the most... Read More

Debt After Death: 10 Things You Need to Know

Managing Debt

Debt After Death: 10 Things You Need to Know

Debt After Death: 10 Things You Need to Know

Coping with the death of a loved one is difficult enough without the added pressure of creditors calling you to collect on the deceased person’s credit card debt. But can a bank collect a credit card debt owed by your deceased parent or spouse? The answer depends on a range of factors, from whether it... Read More

Study: Young Borrowers Do Not Equal Bad Borrowers

Personal Finance

Study: Young Borrowers Do Not Equal Bad Borrowers

Study: Young Borrowers Do Not Equal Bad Borrowers

While there are some scary statistics out there on college students’ spending habits and young people’s understanding of personal finance, the default rate is low among those who establish credit early on. Researchers from the Federal Reserve of Richmond and Arizona State University issued a study on this topic recently, looking at whether young consumers... Read More

How to Get Credit Card Rewards on Small Business Saturday

Credit Cards

How to Get Credit Card Rewards on Small Business Saturday

How to Get Credit Card Rewards on Small Business Saturday

Small businesses have been enjoying a moment in the sun for the past few years. Their plight was a much talked-about issue in the last Presidential election. In 2011, the U.S. Senate has even passed a resolution designating that Saturday after Thanksgiving as “Small Business Saturday.” For several years now, American Express has also sought... Read More

A Proposed Law Beer Drinkers Would Love

Personal Finance

A Proposed Law Beer Drinkers Would Love

A Proposed Law Beer Drinkers Would Love

In most states, it’s illegal to over-serve patrons in bars. A law proposed in Michigan would make it illegal to under-serve them, too. The legislation would ban bars and restaurants from delivering anything less than 16 ounces when a customer orders a “pint” of beer. There’s no research to suggest there is widespread stuffing of... Read More

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