Credit Cards > Credit Card News > Archives > October, 2009
 
 

When Do Credit Limit Cuts Hurt Credit Scores?

Personal finance experts generally advise against closing credit cards, because reducing the total line of credit available to you may hurt your credit score. However, according to a new study by FICO, having a lower total revolving credit line may not necessarily affect your credit score. Credit scores will only suffer under some circumstances, for some types of cardholders.

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New Study: Credit Unions Offer the Best Credit Cards

If you have given up on the idea of finding a credit card deal with reasonable terms, take heart. According to a new study by Pew Charitable Trust, while bank credit cards continue their appalling performance, credit union cards passed the review with flying colors.

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Pew Study: Unfair Credit Card Practices on the Rise

The credit card industry got its report card this week, and the results were dismal. According to a study conducted as part of Pew Charitable Trust’s Safe Credit Cards Project, despite Congress’ recent efforts to curb unfair and deceptive credit card practices, they remain as widespread as before.

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Stolen Credit Card Information Online

Ever worry that your credit card information may have been lifted by fraudsters without your knowing? Well, there may be one easy way to find out: Try Google.

While doing a simple name query on Google, one California family inadvertently discovered that their personal and financial information had been stolen. Worse, it had been posted in an online forum for all to see, and for the Google search bots to index.

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With Credit Ruined, Many Are Paying Off the Past

The human face of rising credit card defaults are low income earners slowly drowning in credit card debt and struggling to pay off the past.

Payday loan centers are maxed out, and increasingly turning people away. Business at pawnshops is booming; pawnshop and payday loans chain EZCorp saw a 37% rise in revenues just in the second quarter of this year.

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