By VFranco
The Federal Reserve asked, and the people spoke. More importantly, they were heard. Consumers posted more than 65,000 public comments on the Federal Reserve's website---the highest number ever received by the Fed---in response to a request for opinions about unfair credit card lender and recovery practices. The credit card industry shared its side of things, voicing concerns that new...
By Leanne Bloms
Raising your credit score and be a long and difficult task. It can take years to bring your score back up, but one mistake to bring it right back down. Yet no matter the effort and potential peril, it is important to take responsibility for your finances so you are able to obtain credit in the future. Obtain a copy of your credit report. You are able to obtain one free copy of your credit...
By Seth Brown
Having a balance on multiple credit cards can be very frustrating, not to mention expensive. Pay them off to avoid the high interest rates that come from carrying over a large balance. It's also difficult to keep track of multiple cards, so managing your finances will be simplified once you pay off the cards. Make an exhaustive list of all your current credit cards, the balance on each, and...
By Ysabel Doran
Balance transfer credit cards can be part of a smart solution to skyrocketing credit card interest rates. In the current distressed economy, simple actions like paying only the minimum payment each month or running up a higher balance on your card can spur your credit card company to hike your interest rate to the maximum allowed by law. But if you've basically been a responsible borrower, a...
By Paul Bright
There are numerous Internet advertisements that encourage you to find out what your credit score is. The premise for these ads is to get you interested in purchasing a credit report monitoring program that helps you keep up with your current credit report and score. One you know your credit score, it is a good idea to compare your score with the average consumer score. Credit Scores are...