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Authors
May 2008
Debunking Myths about Credit Scores- Go Ahead, Pay Off that Credit Card!
Written by CardRatings.com
Posted On: May 14, 2008
Lurking among many other credit related myths is the belief that paying off credit cards may cause your credit score to decline. I continue to hear this and other related credit scoring myths from consumers that I interact with on a daily basis. In reality, when you pay off credit cards you decrease your [...]
Fed Cuts Key Rate By One-Quarter of a Point: Credit Card Users Will Likely Benefit
Written by Curtis Arnold
Posted On: May 2, 2008
The Fed announced a 25 basis point rate cut, bringing a key rate to 2.00 percent. The prime rate will also fall one-quarter of a percentage point to 5.00 percent. The move by the Federal Open Market Committee followed several rate cuts in the first quarter of 2008 that brought the federal funds rate down [...]
