Tuesday, November 17, 2009

This week's top story: FICO reveals secret 'point costs' of credit mistakes

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More credit card news | Credit card help | Credit card videos | Credit card statistics November 17, 2009
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CreditCards.com's weekly newsletter features the latest consumer information and updates from the industry's leading source of credit card news.
 
Top credit card stories

FICO reveals 'point costs' of common credit mistakes
FICO has finally revealed the numerical impact of the most common borrowing blunders on its secretive credit scoring model. But just how much does that falling FICO increase your borrowing costs? More... 
Money and credit lessons learned from TV
Whether they're frugal or free-spending, our favorite classic TV characters are fountains of financial advice. More... 
Consumers must opt in to debit card overdraft fees
Debit card overdraft policies must not be forced on consumers, say new Federal Reserve rules. Consumers will now have a choice. More... 
Credit cards' rates ascent shows no sign of slowing
It just keeps getting more and more expensive to be a credit cardholder -- and analysts say there's little change in sight. More... 
Expert credit card advice

In default on car loan: What are your options?
'The Credit Guy' expert Todd Ossenfort
If you are in default on a car loan but want to make amends, it might help to meet with the lender and discuss payment options.
More...
 
Minors seeking a credit card run afoul of the law
'Opening Credits' expert Erica Sandberg
A 16-year-old wants to know how she can get her own credit card. She can't, but that doesn't mean there are no options.
More...
 
Help! My husband's debt is ruining our credit
'To Her Credit' expert Sally Herigstad
Before marriage, her credit was great. Now, her husband's debts are making their lives and bills unmanageable. Is there hope?
More...
 
Are your air miles at risk if you fall on hard times?
'Cashing In' expert Randy Petersen
Ever wonder what happens to air miles if an account is closed, you settle for less than you owe or go bankrupt? It depends.
More...
 
Taking Charge: A CreditCards.com blog

New York cabbies finally warm to credit cards
In an abrupt shift, NYC cabbies are now confessing a change of heart toward plastic payments. More... 
All it takes to commit fraud is a little Scotch tape
A credit card issuer wouldn't possibly accept a ripped-up and taped-together credit card application, would it? Yes, it would. More... 
Featured low interest credit card
Capital One No Hassle Miles Rewards

Credit card rate report
(as of 11-17-2009)
National Average   12.68%
Balance Transfer   12.07%
Low Interest   11.65%
Business   9.49%
Cash Back   12.08%
Rewards   13.29%
Instant Approval   13.32%
Airline   13.60%
Bad Credit   13.74%
Student   14.89%

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