Debt Tagging Becoming More Common

It's becoming more and more likely that you have errors and mistakes showing on your credit report. Debt collectors are having a heyday in this current recession as consumer default rates on debts are hitting record highs. But more and more often ?debt-tagging?...

The Credit Card Companies Can Still Get You

The CARD act has improved things. No longer can your rate be randomly increased without advance notice. And there are a few other things that have been improved. But as we have reported before the credit card companies are doing whatever they...

Debt Reduction In America

Overall consumer debt not tied to real estate has seen a steady decline for the past 21 months in a row. American?s are reducing their debt consistently in response to the sluggish economy and the weaker labor market. Credit card balances are...

Any New ?Number? For Credit Repair Is A Scam

The latest credit repair and identity theft scam to hit the Internet is companies selling ?dormant? or unused Social Security numbers as a way to establish a new credit file. And they?re not calling them Social Security Numbers but rather ?CPN?s? for credit profile,...

Good News For Car Buyers

If you want to buy a car and you can?t pay cash, there is good news for you. General Motors, one of the big three American automakers has said that it will acquire the auto financing company Americredit Corp so that it can...

New Lows Across The USA For Credit Scores

Gotta a low credit score? You're not the only one! Credit scores across the United States are dropping to new lows. According to FICO, inc., the company that provides the most commonly used credit score in the United States, the FICO...

Reverse Robinhood-Take From The Poor, Give Back To The Rich

A new study from the Federal Reserve Bank of Boston has confirmed the theory that credit card rewards hurt the poor while subsidizing the rich. The report, ?Who Gains and Who Loses From Credit Card Payments? Theory and Calibrations? that was released Monday, the people...

Can Your Credit Be Too Good?

Probably not if you look at it from a personal perspective. Good credit offers you peace of mind, security and more but?. Your credit can be too good to get a credit card these days. Card issuers have counted on profits for years from penalty fees...