The New Credit Score System
May 8, 2008
If you purchased your credit score from TransUnion lately or if you plan to do so soon, you will notice a change to the scoring system. In the past, you got a three digit number that ranged from 300 to 850. Now, you will get something different.
Hotel and Debit Cards
April 24, 2008
Some consumers are learning that the use of a debit card to book hotel or motel rooms can be troublesome. A little background on how this works.
Fraud and Your Credit Report
April 23, 2008
There are many good reasons to monitor your credit report, now there is another. Industry experts are suggesting that all consumers keep a watchful eye on their credit reports as this may alert them to possible fraudulent activities.
Consumer Credit Engine
April 21, 2008
For the last two decades or so, it has been the average American consumer who has fueled the engine that drives the American economy. Consumers account for nearly seventy percent of the gross domestic product in this nation.
Home Sales Up, Prices Down
April 18, 2008
It has been seven months since existing home sales rose. Last February marked the end of that slump. The good news in home sales is attributed to sharply falling home prices which may have led more people to buy.
Credit Card Lenders Tighten Up
April 4, 2008
Credit card companies are beginning to report more and more delinquencies on their consumer accounts. These delinquencies are causing some major losses to some of the biggest credit card lenders, and they are making adjustments to resolve the problem as best they can.
Credit Card Spending Booming
April 1, 2008
Consumers across the country are turning to the credit cards more to get by. Credit card use by U.S. consumers increased in January as consumers spent twice as much on their credit cards as they did a month earlier.
Ameriprise to Enter Credit Card Market
March 28, 2008
It was recently announced that Ameriprise Financial Services Inc. is partnering with MasterCard Inc. This is Ameriprise first entry into the credit card lender market.
Use Caution with Credit Repair Offers
March 26, 2008
With so many people facing credit related problems it is no wonder that many are seeking help from credit repair companies. The Federal Trade Commission recently warned people to be careful when dealing with such companies and to be on the lookout for illegal promises.
Understanding Your Grace Period
March 10, 2008
Those consumers who want to save money on their credit card use should understand the grace period associated with a card and use that to their advantage. How? Pay the balance within the grace period and avoid being charged interest or finance charges.