Tuesday, September 15, 2009

Need a loan? Hit up Dad -- and more credit card news

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More credit card news | Credit card help | Credit card videos | Credit card statistics Sept. 15, 2009
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Top credit card stories

Poll: Dad's a pushover for kids looking for debt help
So, kid, you're broke? Need to call home and ask for a loan? Pray that Dad answers. That's a key finding of a new CreditCards.com poll that looked at the generosity and attitudes of many young folks' lenders of last resort -- their parents. More...
 
Got good credit? Prepare to be wooed
While shedding people with credit problems, card issuers are sweetening deals for those with great credit, putting them in a good bargaining position. More...
 
Pitfalls of pumping, dumping sign-up bonus cards
The "pump and dump" strategy of taking advantage of huge bonus sign-up reward points or miles can really mess with your credit if you're not smart. More...
 
Consumer credit plunges record $21.5 billion in July
Consumer debt fell by an unprecedented $21.5 billion in July, according to the Federal Reserve, as consumers continued to shy away from borrowing. More...
 
Expert credit card advice

Hit with a minimum payment increase? What to do
'The Credit Guy' expert Todd Ossenfort
When hit with an increased minimum payment, you should try to pay the card off. But if you can't afford to, here's what to do.
More...
 
A widower isn't spared from joint card debt
'Opening Credits' expert Erica Sandberg
Grief over a spouse's death and the need for money doesn't absolve a widower from paying off joint credit card debts.
More...
 
Best place for extra cash: down payment or debt?
'To Her Credit' expert Sally Herigstad
It is wiser to use a lump sum of cash to pay off credit card debt or dump into savings for a future house down payment?
More...
 
More credit card news

8 ways to reduce credit card debt
The best way to survive an economic downturn is to not carry debt. Here are eight ways to shed it. More...
 
The 10 worst credit card mistakes
Making these 10 mistakes will turn good credit into bad and bad credit into lenders-won't-go-near-you credit. More...
 
Featured credit card
Capital One No Hassle Miles Rewards Card

Credit card rate report
(as of 9-15-2009)
National Average   12.28%
Balance Transfer   10.32%
Low Interest   11.52%
Business   10.49%
Cash Back   11.69%
Rewards   12.16%
Instant Approval   13.32%
Airline   13.79%
Bad Credit   14.29%
Student   14.45%

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