Credit Score


To cancel or not to cancel? When to close a credit card account

Written by Maryalene LaPonsie
Posted On: May 17, 2013

You've paid off your credit card balance and are ready to say hasta la vista to debt. Good for you! Now, about that credit card, should you close the account or keep it open? At one time, conventional wisdom may have said to cancel the account as quickly as possible. Then, savvy consumers learned that arbitrarily [...]

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Are you impatient? Your credit score may be suffering

Written by Geoff Williams
Posted On: December 23, 2011

Patience isn't just a virtue. It's a strategy for raising your credit score.

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How much will that revolving debt add to the cost of your car?

Written by Geoff Williams
Posted On: October 20, 2011

Plenty. The numbers aren't pretty.

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Denied for the best credit card? Lenders now required to say why

Written by Geoff Williams
Posted On: July 21, 2011

You may soon get a free credit score in the mail. But trust us, you don't want it.

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Posted in: Credit Reports | Credit Card Laws | Credit Score | 0 Comments

Entrepreneurs Learn Credit Card Strategies at Speed Coaching Events

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Posted On: May 5, 2009

Starting a new company in an economic recession often requires three things: a great idea, a generous small business credit card, and solid advice. Officials at American Express OPEN hope to connect entrepreneurs with all three at a series of seven live events throughout the spring and summer. The "Small Business Speed Coaching Test Drive" offers [...]

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The Truth About Credit Card Debt Settlement (Part 3)

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Posted On: April 21, 2009

Editor's Note: This article is the third of a three-part series about debt settlement. Taxes and Settlement The IRS classifies forgiven debt as income. (That’s true even if the settled amount included interest or penalty fees.) If you owe $10,000 and settle for $6,000, the difference is considered to be taxable income. This tax will, however, often [...]

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The Truth About Credit Card Debt Settlement (Part 2)

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Posted On: April 16, 2009

Editor's Note: This article is the second of a three-part series about debt settlement. How is Settlement Different Than Credit Counseling? Credit counseling and debt settlement are two completely different approaches. Most credit card companies work with credit counseling agencies. They will often encourage consumers who are having trouble paying their bills to enroll in a [...]

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The Truth About Credit Card Debt Settlement (Part 1)

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Posted On: April 14, 2009

Editor's Note: This article is the first of a three-part series about debt settlement. As an increasing number of people struggle to pay their bills, debt settlement companies are thriving. You can find their ads promising to settle your debts for pennies on the dollar anywhere. If you’re drowning in debt, those ads can be pretty [...]

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