Tuesday, October 13, 2009

This week's top story: Paying off child's debt strains family ties

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More credit card news | Credit card help | Credit card videos | Credit card statistics October 13, 2009
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Top credit card stories

Paying off a child's debt strains family ties
As a parent, your goal is to provide your children with the skills they need to grow into successful, responsible, happy adults. By continually rescuing your kids, however, you risk helping them stay dependent. These four steps can help make it easier. More... 
BofA pledges moratorium on interest rate hikes
Bank of America has pledged not to boost credit card APRs until February 2010, but two other issuers say they have no plans to do the same. More... 
Credit card balances fall nearly $10 billion in August
This marks the 11th straight month of decline amid job losses and an ongoing change in consumer and lender attitudes toward plastic. More... 
Credit card interest rates jump for 3rd straight week
Rate hikes from Citi, Chase, other banks send national average card interest rate higher again. More... 
Expert credit card advice

How your credit score reflects paid-off accounts
'The Credit Guy' expert Todd Ossenfort
When you pay off a card, the credit score impact is swift. But if the account was in arrears, you won't like what you see.
More...
 
The downside of a cash-only lifestyle
'Opening Credits' expert Erica Sandberg
If you choose to use a debit card all the time instead of a credit card, your credit score could suffer.
More...
 
Debt collectors must prove the debt is yours
'To Her Credit' expert Sally Herigstad
Are you being harassed for debt that isn't yours? Prevent debt collection abuse by taking these steps.
More...
 
There ain't no such thing as a free FICO score
'Credit Score Report' expert Jeremy Simon
If you think you'll get a free FICO score with your free credit report at AnnualCreditReport.com, you're mistaken.
More...
 
Taking Charge: A CreditCards.com blog

Credit cards won't boost this year's holiday sales
Frugal-minded consumers are likely to shift away from credit cards and instead put holiday buys on debit cards and cash. More... 
Don't dodge credit card company calls
In the words of Blondie's Deborah Harry, "Call me" if you're trying to alert me to credit card fraud. More... 
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Credit card rate report
(as of 10-13-2009)
National Average   12.64%
Balance Transfer   13.10%
Low Interest   11.92%
Business   9.80%
Cash Back   12.36%
Rewards   12.76%
Instant Approval   13.32%
Airline   13.60%
Bad Credit   14.29%
Student   14.45%

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