The good news is a badly battered credit score isn't a life sentence. "If you do Luckily, credit card delinquencies hurt credit scores less than bigger debts such as home or auto loans, says Sarah Davies, senior vice president of analytics, product management and research for VantageScore Solutions. If you consistently make on-time payments, your bank might convert the card into an unsecured card after a year, says Barry Paperno, consumer affairs manager at myFICO.com.
It's not easy to build a credit record or to rebuild a damaged credit history. One of the few ways to do it legitimately is with a secured credit card. Consumer Action's new Secured Credit Card Survey found many secured card
A few years ago, as the success of The Knowland Group grew, McKean began searching for a bank that would give the growing company expanded access to credit. "We talked to every bank in our area, at least a dozen," McKean says. "Many
She was the founding principal of Louisiana's first public school where every student was issued and used a laptop in a business-like environment. These locations are perfect for students to meet and work on group projects. Online shopping on an unsecured network is particularly risky because not only do you send your credit card numbers, but you also normally login or create and account sending usernames, passwords and even answers to security
One of the stories I tell is about a bus driver in Washington, D.C., who needed a new car. She went to a car dealer who talked her into buying a car that was twice what she could afford and the car quickly turned out to be a
It's true that they're still a big business -- business research firm The Tower Group says $60 billion in retailer gift cards will be bought this year -- but that's down $10 billion from 2007, and worry is spreading. You may . Published: December 11, 2008 Get credit card news Did you like this story? Then sign up for CreditCards.com's weekly e-newsletter for the latest news, advice, articles and tips. It's FREE. Once a week you will receive the top credit card industry news in your inbox.
Every credit card in the U.S. will be replaced by October 2015 with new cards that contain the chip-and-PIN technology that the rest of the world has had for years, according to the Wall Street Journal. Both Visa and
A May 2011 study conducted by Pew Charitable Trusts reviewed terms for the 12 largest banks issuing credit cards and the 12 largest credit union card issuers and found that credit unions offer more consumer-friendly terms. "A credit union isn't in business to make money, but they're not here to lose money either," says Mike Lanotti, general counsel for the New York Credit Union League. "If they feel that . Once a week you will receive the top credit card industry news in your inbox.
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