Credit is a valuable and necessary financial tool. It can help you establish a credit history, make purchases conveniently, and take advantage of the benefits and services offered by credit issuers. But not managing your credit wisely can lead to: Increased interest rates (APRs) Penalty fees A decline in your credit score Denials of future… Read more…
Last week I shared with you information about the new Credit Card Bill of Rights. This is important legislation, as it impacts so many Americans. I just saw a statistic that nearly 144 million Americans have general-purpose credit cards. The average American owns 8 different credit cards! In thinking about credit card reform, it struck… Read more…
The Credit Card Bill of Rights (or the CARD Act) designed to protect credit card holders went into effect in February. If you have a credit card, these new rules may impact you. Some of the highlights include: Card issuers must consider the borrower’s ability to repay before issuing the card. Statements must be sent… Read more…
