Curtis Arnold
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Credit Score Archive Cardratings Blog - Page 4

Debunking Myths about Credit Scores- Go Ahead, Pay Off that Credit Card!

Written by
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 [...]

Posted in Credit Card Help | Credit Score | 0 Comments

Variable Rate Credit Cards Expected to Fall in Light of Recent Fed Rate Cuts

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Posted On: January 29, 2008

The Federal Open Market Committee cut short term interest rates again today by one half of a percentage point to 3.0%. The Fed's rate cut was in response to the economy's current financial state. According to the Fed, "The Committee took this action in view of a weakening of the economic outlook and increasing downside risks to [...]

Posted in Credit Card Debt / Settlement | Credit Card Interest | Credit Score | Low Rate Credit Cards | 0 Comments

Discover Launches New Credit Score Tracking Service

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Posted On: December 4, 2007

Discover Card is now offering comprehensive credit score tracking to its cardholders. Discover’s Credit ScoreTracker, which has a monthly fee, sends out alerts when a member’s score changes. It also provides resources to help members understand their scores and to reach target scores that they set themselves. If you’re a regular reader of the Forum, [...]

Posted in Credit Score | Discover Card | 0 Comments

Insider Tips on Maintaining a Good Credit Score During Credit Counseling

Written by Mike Killian
Posted On: May 25, 2006

If I was considering which credit card was best for me, a future need of credit counseling would certainly not be a concern of mine. But if the purpose of getting the credit card was to take advantage of a balance transfer offer or debt consolidation, perhaps it should be. In a conversation with Jim Young, [...]

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Consumer Advocates Have Mixed Reaction to New Credit Scoring System

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Posted On: April 21, 2006

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 with a more consistent and objective approach to credit scoring. According to proponents, this [...]

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Credit Card Company Reporting to The Credit Bureau

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Posted On: January 3, 2006

Author: Tiffany Hi. I've had a credit card for 6 months, and 2 for 4 months each. When will they report that I've been a good customer to the credit bureaus? Do i have to ask them to? If so, should i call or write them? Thanks! Tiffany Author: mouse Most do, some don't. Call the 800# or write.   Rebuilding Credit [...]

Posted in Credit Card Help | Best Credit Card Deals | Credit Score | 0 Comments

Your Credit Score May be Hurting Due to Credit Card Issuers Not Reporting Credit Limits

Written by Mike Killian
Posted On: December 2, 2005's credit and debt management forum has had numerous postings concerning credit scores. But one very troubling string concerns an article published on January 2, 2005 by Kenneth Harney, a columnist for The Washington Post. The subject is summarized by the following, quoted from the article: "Credit card companies may be depressing consumers' credit scores [...]

Posted in Credit Score | 1 Comments

Consumer Credit Index Rises

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Posted On: June 20, 2005

The latest Experian-Gallup Personal Credit Index shows that consumers' confidence in their personal credit is growing.    However, four in ten have no emergency fund in case their income is halted, and another 18 percent could not last beyond three months. The Personal Credit Index is now at 94, close to the March (2005) introduction [...]

Posted in Credit Score | 0 Comments