A Look at the Fed’s Survey of Consumer Finance

Last week, the Federal Reserve released its Survey of Consumer Finances 2007, the triennial look into the financial condition of American families, including credit card debt. The survey shows that the average credit card balance for families who carried a balance increased, but the percentage of families who actually carried a balance declined slightly. Experts


“Help With My Credit”—A Good Consumer Tool?

February 18, 2009

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Many credit cardholders a having difficulty making their credit card payments. Today, a group of financial institutions and credit card issuers are la..

USA Today quotes CEO of LowCards.com

February 16, 2009

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Credit card reform gets another look …In December, the Federal Reserve and other regulators released a rule reforming some of the most controversial..

What to do after a rate increase

February 15, 2009

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In the past year, credit card issuers have increased rates on many consumers. 11.99%-13.90% is now the range for low advertised rates for many cards. ..

Senate Tackles Credit Card Reform

February 12, 2009

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Yesterday, Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, re-introduced the Credit Card Accountab..

Consumers to Lose Access to One Credit Score

February 8, 2009

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Credit scores are the only windows that consumers have on how they look to lenders when they apply for a loan and the rates they can reasonably expect..

FICO Introduces New Credit Scoring System

February 2, 2009

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Forget the score of the Super Bowl. Your most important score is your credit score, and one of the most widely used scoring models, FICO, is making ch..

Credit Card Reward Programs Changing

January 29, 2009

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If you plan to use your Citi credit card Thank You points to book a flight for a summer vacation, do it soon because Citi is changing its redemption r..

Credit Card Reform Bill Introduced into Senate

January 22, 2009

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Last week, Senators Charles Schumer and Mark Udall introduced the Credit Cardholders’ Bill of Rights Act of 2009 to the U.S. Senate. The Bill was au..

LowCards mentioned by Kiplinger / Washington Post

January 15, 2009

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Clean Up Your Credit …Today, a score of 740 or 750 will get you an account but might not qualify you for the lowest interest rates, says Bill Hardek..

LowCards.com CEO quoted in The Wall Street Journal

January 11, 2009

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If Your Card Takes a Hit …First, call up your lender and request a higher limit, says Bill Hardekopf of LowCards.com, a site that helps consumers co..

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