Latest Articles from Credit Card Posts

Does It Hurt My Credit if Several Reports Run While Car Shopping?

May 11, 2012 | No Comments »

Auto lenders will often view your credit report prior to offering you an auto loan. The information in your report determines your FICO credit score, which runs from 300 to 850. This information will impact the terms of your auto loan, including the...

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Is your car a filthy mess?

May 04, 2012 | No Comments »

How about your home? Your office? Your yard? Im a little embarrassed to say yes, yes, yes, and yes. Or, at least, that was the old me. Im a hyper, busy guy, so everything was a mess. When was I supposed to find time to organize my stuff when I was...

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Is Unemployment Credible Income?

April 07, 2012 | No Comments »

Unemployment income is temporary income you receive when you lose your job. This money is considered income, though you do lose it when you return to work. When you apply for a bank loan, the bank looks for credible income from sources that...

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0.6 Percent Gain In Home Price Index Is The First Gain In 3 years

Posted by Jeremy Hernandez at Apr 25, 2010 | No Comments »

There was a 0.6 percent gain in home prices in February, the first annual gain since the end of 2006. This was helped by the temporary tax credits for homebuyers.

The Standard & Poor’s/Case-Shiller home price index released Tuesday squeezed out a 0.6 percent gain. But that was half the increase analysts had expected. On a more cautionary note, 11 of the 20 cities tracked by the index showed declines from February last year.

The data underscored the fragile nature of the housing recovery. Nationally, home prices are up more than 3 percent from the bottom in May 2009, but still are 30 percent below the May 2006 peak.

And there is a “risk that home prices could decline further before experiencing any sustained gains,” cautioned David Blitzer, chairman of the S&P index committee. “It i

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Tags: Gain Home Price Percent Gain

Chase Sapphire Card: Flexible Rewards & No Annual Fee

Posted by Andrea Lewis at Apr 25, 2010 | No Comments »

It’s becoming increasingly difficult these days to find no annual fee credit cards that offer flexible yet competitive rewards programs. Chase, however, with its launch of the Sapphire Card last year, is doing its best to fill the void. <

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Tags: Annual Fee Fee No Annual No Annual Fee

Collection Companies Look Into Work At Home Programs

Posted by Jeremy Hernandez at Apr 24, 2010 | No Comments »

While it is always a good idea to hire more people to add to your ranks, keeping the best employees in a collections agency is crucial. It has become a recent trend that tenured collectors are requesting to work at home.

It might be a smart move to accommodate for them considering that their commissions have been lower as of late, and the stress of the commute or a need to spend more time with family may drive your best collectors away.

While work at home programs haven’t become common yet, there are a few debt collection agencies that make exceptions for particular bill collectors. Typically these collectors are the best at what they do and may work from home a few days a week.

The way that work at home jobs work is simplistic. Typically, the collector is set up with a computer that can access the computers at the office and they are given designated phone equipment to use. Read more…

Tags: Collection Collection Companies

Deputy U.S. Marshal Deals with Demotion and a Falling Credit Score

Posted by Andrea Lewis at Apr 23, 2010 | No Comments »

Thomas Wolfe once wrote a novel called “You Can’t Go Home Again,” whose title emphasizes how much people and places change, no matter how fondly we remember them or how much we wish they would remain as we once knew them. For Deputy U.S. Marshal Raylan Givens, the antihero of the FX original series “Justified,” going home entails discovering how much he, his hometown and his credit score have changed.

From Florida to Kentucky in One Shot

The son of a notorious con man, Givens left his home in Harlan County, Ken., as a young man, hoping to escape life in the coal mines. As a U.S. marshal, Givens specialized in fugitive retrieval in Miami until he shot a known gun thug in a restaurant.

During the media frenzy that followed, Givens’ angry superiors sent him back home to Harlan County, the very last place that he wanted to go. According t

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What Consumers Should Know About The New CARD Act

Posted by Jeremy Hernandez at Apr 23, 2010 | No Comments »

There have been recent changes in the credit industry due to the new credit card bill that takes effect in February. It will have huge ramifications for both issuers and cardholders. Restrictions on rate increases, fees and increased disclosure requirements will bring about many changes for issuers. Every borrower should learn about the crucial stipulations in the law and the loopholes.

Despite the fact that the new rules will heavily confine retroactive rate increases, they will not stop all negative changes to card accounts. Even consumers with high credit scores may be affected by unwanted adjustments.

For a consumer to maintain an adequate credit score and keep account provisions intact in the best way is to be on the defense. Read more…

Tags: Card Card Act

Emily’s list: Eyjafjallajokull edition

Posted by Anthony Jackson at Apr 22, 2010 | No Comments »

Unless you’ve been in a coma for the past week, you know that a volcanic explosion in Iceland on April 14 rocked Europe. Flights were grounded for nearly a week in more than 20 countries, leaving countless travelers across the globe stranded, many of whom had to sleep on cots at airports and live on a diet of airport food while running up their credit cards.

Those with travel insurance fared better than those without, but it was a pickle for everyone. Some countries resorted to sending boats to various countries to retrieve some of their citizens and military personnel. People missed weddings, funerals, birthdays, vacations, work and more.

The volcano also crippled the airline industry. The companies lost millions of dollars each day the flights were grounded, and have faced a logistical nightmare trying to sort through the backlog of travelers while trying to maintain regular operations.

How does this apply to those of us not directly affected the volcano whose name nobody can pronounce?

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Should We Get A Free Credit Score Each Year Too?

Posted by Andrea Lewis at Apr 20, 2010 | No Comments »


Should We Get A Free Credit Score Each Year Too?

We can already get our “free” credit reports through annualcreditreport.com—one from Experian, TransUnion, and Equifax each year. Now, a lot of people think consumers should be entitled to a free credit score too?

Not a fake one that lenders wouldn’t ever use to asses our risk, but a real credit score that matters. You know, one that lenders will actually consider when determining how much credit to offer, at what rate, and under what terms and conditions.

So which credit score should we get for free? We each have literally hundreds of scores floating around out there. FICO scores, Vantage Scores, and various other types of generic credit bureau scores are all peddled like they’re of equal importance.

The truth is they’re not. FICO scores

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Tags: Credit Score Free Credit Free Credit Score Year

What Are Low Interest Rate Credit Cards

Posted by Jeremy Hernandez at Apr 19, 2010 | No Comments »

If a credit card is managed properly, it is one of the most powerful financial tools. But not everybody can afford to pay the expensive interest rates that most credit card issuers charge. This is where low interest rate credit cards can help people who plan to maintain a balance on their account and not to repay the full amount monthly. However, what does interest or APR stand for when talking about low interest rate credit cards?

Basically, APR is the charge for credit as an annual interest rate. APR stands for “Annual Percentage Rate” and can be used to compare various credit and loan offers. The APR on credit cards is most often calculated monthly based on the current amount on the credit card.

The monthly interest is worked out as if the current card balance would remain the same over a year; the interest on the amount over a year (APR) is worked out and divided by 12 to get the monthly interest. Read more…

Tags: Credit Interest Rate