A reader emailed us asking why her credit score isn’t improving even though she pays off her balances every month.
Paying off your credit card balances in full each month may not have a positive effect on your credit score. In fact, the practice could actually hurt your score.
Credit card companies report your balances once a [...]
A new report shows that the average credit card debt of American adults has dropped to $3,752 and the average household debt is carrying $7,394 in revolving credit card debt.
The new numbers, as reported by IndexCreditCards.com, are down from $4,013 for individual adults and $7,861 for households when the last report came out in July [...]
Not too long ago, mailboxes across America were filled with credit card offers. Even if you had less than average credit, you could still get a card with a decent interest rate. This is not the case in toay’s market. If you have bad credit in today’s market, you may have to wait until the [...]
A new law that goes into effect later this month may have downfalls for those seeking credit cards and have bad credit.
The Credit Card Responsibility and Disclosure Act goes into effect on February 22nd. The new law prohibits credit card companies from increasing interest rates within the first year of opening a new account. It [...]
