Authors

Curtis Arnold
Curtis Arnold, Editor-in-Chief
Joe Taylor
Joe Taylor Jr., Reporter
Amber Stubbs
Amber Stubbs, Managing Editor

April 2006

How Consumers Can Put an End to the Controversial Credit Card Universal Default Clause

Written by CardRatings.com
Posted On: April 27, 2006

Universal default clauses allow credit card issuers and other lenders to raise the interest rate on a person's credit cards all because of a late payment on another credit card or bill. (That's in addition to the fee due on the late payment.) The demise of universal default would surely be welcome news to cardholders and [...]

Posted in Credit Card Help | 0 Comments

Consumer Advocates Have Mixed Reaction to New Credit Scoring System

Written by CardRatings.com
Posted On: April 21, 2006

Editor's Note: Thank you for your interest, this offer has expired and is no longer available. PADDING-BOTTOM: 15px; PADDING-TOP: 15px"> VantageScore(sm), a new credit scoring system, was recently jointly introduced by the three leading consumer credit reporting companies, Equifax, Experian and TransUnion. VantageScore is designed to simplify and improve the credit process for consumers and creditors [...]

Posted in Credit Score | 0 Comments

Are You Asking The Right Questions When Seeking A Debt or Credit Counselor?

Written by Mike Killian
Posted On: April 18, 2006

You have decided you could probably use debt counseling. Who do you turn to? Perhaps XYZ company was good for your Aunt Milly. Recommendations from a trusted source are always a key ingredient to wading through the myriad of resources available. But what if there is no Aunt Milly? We all [...]

Posted in Credit Card Debt / Settlement | 0 Comments

Having a Baby Means More Credit Card Debt for Some Americans

Written by CardRatings.com
Posted On: April 14, 2006

A new baby—such a joyous occasion, and expectant parents often enjoy the process of planning for their arrival. Decorating the nursery, filling the closet with tiny outfits, stocking up on diapers, and test driving strollers are just a few of the things needed to be done before the great event. But all these fun “to do” [...]

Posted in Credit Card Debt / Settlement | 0 Comments

Credit Card Interest: You're Paying Much More Than You Think ... Thanks To Taxes

Written by CardRatings.com
Posted On: April 11, 2006

In years past, taxpayers could deduct the amount they spent on credit card interest. But once the Tax Reform Act of 1986 took effect, that was no longer the case. Without that deduction, we are paying our credit card bills with "after-tax dollars" - that is, money we've already paid taxes on - which means [...]

Posted in Credit Card Interest | 0 Comments