Tuesday, December 8, 2009

This week's top story: The new frugality -- just a fad or here to stay?

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More credit card news | Credit card help | Credit card videos | Credit card statistics December 8, 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

The new frugality: Just a fad or here to stay?
The tanking economy brought us recession chic. It became cool to clip coupons, throw potlucks and swap used items, but how long will it last? More... 
Forecasters weigh in on American frugality trend
Two economic forecasters debate whether American consumers will continue to cut corners or return to big spending. More... 
Poll: 2 of 5 parents bail out adult children out of debt
Nearly 42 percent of parents with adult children say they have paid off debts for their offspring at some point, according to a new CreditCards.com poll. More... 
5 questions to ask before buying gift cards
Want to save money on gift cards? Here are some key questions to ask that can put more cash in your pocket. More... 
Expert credit card advice

Hardship programs help hard-up debtors
'The Credit Guy' expert Todd Ossenfort
Some issuers offer hardship programs to deep-in-debt customers to help them pay their debt on more reasonable terms.
More...
 
How to cope when spouse's secret debts are revealed
'Opening Credits' expert Erica Sandberg
When you learn your spouse has huge, secret card debts, face the issue directly, and then make a plan to pay them off.
More...
 
Protect Social Security income from debt collectors
'To Her Credit' expert Sally Herigstad
Social Security benefits are usually protected from debt collectors, but take steps to protect those funds from being frozen.
More...
 
Why cell phone payments don't help your credit
'Credit Score Report' expert Jeremy Simon
Don't expect cell phone providers to report your payment history, unless you're so late; that they opt to close your account.
More...
 
Taking Charge: A CreditCards.com blog

Holiday guide to credit card innovations and gadgets
Here are the latest payment card innovations -- in the form of a Square, Piece of Cake and a Nintendo controller. More... 
White House 'crashers' Salahis' credit card woes
A 475 FICO score and mounds of debt facing a vineyard owner accused of crashing Obama's state dinner. More... 
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Credit card rate report
(as of 12-08-2009)
National Average   12.71%
Business   9.74%
Low Interest   11.65%
Cash Back   12.08%
Balance Transfer   12.13%
Rewards   13.29%
Instant Approval   13.32%
Airline   13.60%
Bad Credit   13.74%
Student   14.89%

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