Category Archives: credit score

Credit card late payments back on the rise

Posted on October 19, 2011 by Roland Kedikian

NEW YORK (CNNMoney) — After a couple years of buckling down and making on-time payments, consumers are starting to be a tad less responsible with their credit cards again. Some of the country’s major credit card issuers posted small increases … Continue reading →

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Understanding credit card offers

Posted on October 15, 2011 by Roland Kedikian

When most people open their mailbox, the odds are good they will – at least occasionally, if not frequently – receive offers to open new credit card accounts. In fact, it was recently reported that one large credit card company alone mailed … Continue reading →

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Myths and misperceptions about credit scores

Posted on October 15, 2011 by Roland Kedikian

Everyone is entitled to one free credit report from each of the three credit agencies every year. Reports can be requested at annualcreditreport.com. Although the information in these reports is used to compile your credit score, the reports themselves don’t … Continue reading →

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Credit ratings can survive bankruptcy

Posted on October 2, 2011 by Roland Kedikian

Here are some frequently asked questions about improving your credit after a bankruptcy or foreclosure: • Is my credit forever ruined by a bankruptcy or foreclosure? A bankruptcy or civil judgment will stay on your credit report for 10 years, … Continue reading →

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Bank of America to charge debit card use fee

Posted on September 30, 2011 by Roland Kedikian

CHARLOTTE (Reuters) – Bank of America Corp plans to charge customers who use their debit cards to make purchases a $5 monthly fee beginning early next year, joining other banks scrambling for new sources of revenue. U.S. banks have been … Continue reading →

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The 7 Commandments of Credit Card Interest

Posted on September 28, 2011 by Roland Kedikian

High credit card interest charges can take a significant bite out of your hard-earned money. To protect yourself, follow these seven commandments of credit card interest: 1. Know your APRs. Most people are familiar with a credit card’s purchase APR, … Continue reading →

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Credit Card Charge-Off, Delinquency Rates Fell in August — Moody’s

Posted on September 26, 2011 by Roland Kedikian

The U.S. average credit card charge-off rate declined in August, resuming the general downward trend of the past two years following a slight uptick in July, according to a new Moody’s Investors Service report issued Sept. 23. The charge-off rate … Continue reading →

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Citibank credit card defaults rise again in August

Posted on September 16, 2011 by Roland Kedikian

Citibank on Thursday said that its credit card default rate rose for the second straight month, even as late payments fell. The credit card division of Citigroup Inc. said in a regulatory filing that its default, or charge-off rate, rose … Continue reading →

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Credit probes go beyond scores

Posted on September 14, 2011 by Roland Kedikian

The next time you seek out a loan, apply for a store credit card or maybe just sign up for a cellphone, the companies you do business with might take a deeper look at your credit history than you know. … Continue reading →

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