Archive for the ‘Credit’ Category
Just how tight is the credit market these days? Quite. Credit experts now estimate it will take a credit score of between 750 and 770 to qualify for most loans—even auto loans! Just a year [...]
December 18th, 2008. . Read More »
Do you, by choice, not carry (or use) a credit card at all? I would like to hear from people who have made the decision to go credit card-free. How long have you been without [...]
December 12th, 2008. . Read More »
The federal funds rate is just 1%—as low as it has been in fifty years. Theoretically, credit card interest rates should be at all-time lows, too. Trouble is, major credit card issuers, battling soaring delinquencies [...]
December 10th, 2008. . Read More »
Exciting news for people with excellent credit—Advanta just released a version of its popular Kiva Business Credit Card for non-business owning professionals (i.e., everybody).
November 7th, 2008. . Read More »
Consumers are feeling the pinch of a credit card crisis as card issuers raise rates and restrict credit, reports the New York Times.
It’s no news to me. Even readers with excellent credit are telling me [...]
October 29th, 2008. . Read More »
In today’s article Survive the Credit Card Crisis I talk about how credit card companies are approving fewer and fewer credit card applications. It is still possible, however, for consumers with decent credit to get [...]
October 29th, 2008. . Read More »
Update: Since writing this post, both LendingClub and Prosper are registered with the SEC and running fully for both borrowers and lenders.
Two years ago I wrote several articles about peer-to-peer lender Prosper and the debt [...]
October 27th, 2008. . Read More »
I use an American Express charge card—not a debit card, credit card, or cash—for 95 percent of my purchases. Why?
Because American Express charge cards provide all the benefits of a credit card—convenience, rewards, fraud and [...]
October 6th, 2008. . Read More »
Leticia asks: I received a letter from a credit card company saying that since I have not used their credit card for over a year they will be closing my account. I have had the [...]
October 3rd, 2008. . Read More »
What’s a credit or debit card without bumpy account numbers? We’ll soon find out. Visa has announced that unembossed cards are now available in the U.S. following successful testing. The raised account name and numbers [...]
September 24th, 2008. . Read More »
