Tuesday, July 27, 2010

This week's top story: Card agreements unreadable to 4 out of 5 adults

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More credit card news | Credit card help | Credit card videos | Credit card statistics July 27, 2010
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Top credit card stories

Credit card agreements unreadable to 4 out of 5
Card agreements are written on average at a 12th grade reading level, making them not understandable to four out of five adults, according to a CreditCards.com analysis of all the agreements offered by major U.S. card issuers. More... 
10 most unreadable credit card agreements
It would require at least a master's degree reading level to comprehend the most unreadable agreement in our survey. More... 
10 most readable credit card agreements
Unlike the 10 most unreadable credit card agreements, these 10 are a breeze to read. More... 
Easier to read: 'Twilight' or a credit card agreement?
We take text from "Twilight," the Bible and the Bill of Rights and compare them to card contracts. Which is toughest to understand? More... 
Video: Consumers try in vain to read card contracts
CreditCards.com took to the streets to ask people to read a credit card agreement to see if they could understand it. Here's what they had to say. More... 
Expert credit card advice

Pros and cons of paying off old debt
'The Credit Guy' expert Todd Ossenfort
Paying off debt looks good to lenders, but you may not want to restart the clock if it has passed the statute of limitations. More...
 
Refinancing won't cause lasting credit score damage
'Credit Score Report' expert Jeremy Simon
A responsible borrower who refinances his properties is unlikely to see lasting credit score damage.
More...
 
Don't retire card debt with 401(k) savings
'To Her Credit' expert Sally Herigstad
While it may be tempting to cash out retirement accounts to pay down card debt, you'll most likely regret that decision later.
More...
 
Steps to repair credit after ID theft by a parent
'Opening Credits' expert Erica Sandberg
A parent steals a kid's identity. It's an all-too-common story, but with patience and discipline, the damage can be overcome.
More...
 
More credit card news

Is my frugality anything like yours?
Journalists and researchers question whether the new frugality mentality is permanent or just a fad. From our blogger's viewpoint, it's a little of both. More... 
'Real Housewives of NJ' card calamity
The tables turn on reality TV's "Real Housewives of New Jersey" co-star Teresa Giudice -- and this time she's not the one flipping them. More... 
Get matched with the right credit card
CreditCards.com CARDMATCH

Credit card rate report
(as of 7-27-2010)
National Average   14.43%
Business   12.96%
Low Interest   12.18%
Balance Transfer   12.93%
Cash Back   12.63%
Rewards   14.73%
Bad Credit   20.32%
Airline   14.30%
Student   13.96%
Instant Approval   15.99%

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Tuesday, July 20, 2010

This week's top story: Six card fees you may not know about

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More credit card news | Credit card help | Credit card videos | Credit card statistics July 20, 2010
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CreditCards.com's weekly newsletter features the latest consumer information and updates from the leading source of credit card news.
 
Top credit card stories

6 credit card fees you might not know about
In the aftermath of new regulations that cracked down on some of their most lucrative practices, credit card companies are looking for new sources of revenue. If you're not careful, you may get hit with a broad array of old and new fees. More... 
Small business cards stage a tentative comeback
Small business owners, whose credit choices evaporated amid the recession, have seen a modest return of credit cards aimed at them. More... 
Cool ways to keep track of all those rewards points
The idea of earning free stuff is so alluring that many consumers now have too many reward programs to keep tabs on. More... 
FTC: Fix 'broken' debt collection system
The FTC says the common ways creditors confront consumers to collect debts -- arbitration and litigation -- don't work and need to be fixed. More... 
Expert credit card advice

Is it best to settle debt in collections or pay it in full?
'The Credit Guy' expert Todd Ossenfort
Once your debt is in collections, you can choose to pay it all or negotiate a lower amount. Which is better for your credit? More...
 
Authorized user isn't responsible for tax payment
'Credit Score Report' expert Jeremy Simon
A regretful authorized user screwed up his primary cardholder's account, but he can't amend everything.
More...
 
Focus on 'Big 4' expenses when making a budget
'The New Frugal You' expert Gary Foreman
Want to trim expenses to pay off your student loans? Our expert says to look at the four biggest expense areas first.
More...
 
Co-signing your kid's credit? Think twice
'Opening Credits' expert Erica Sandberg
While it's noble to help your child get a jump start on good credit, have a talk and set some rules.
More...
 
More credit card news

Recession's victim: Your credit score
Recent FICO data shows an increasing number of borrowers on the fringes of its scoring range and fewer in the middle. More... 
Emily's list: iPhone death grip edition
This week's best personal finance blogs have no reception issues. More... 
Get matched with the right credit card
CreditCards.com CARDMATCH

Credit card rate report
(as of 7-20-2010)
National Average   14.43%
Business   12.96%
Low Interest   12.18%
Balance Transfer   12.93%
Cash Back   12.63%
Rewards   14.73%
Bad Credit   20.32%
Airline   14.30%
Student   13.96%
Instant Approval   15.99%

Personal finance tools
Credit card calculators
Credit card finder
Shop by profile
Privacy resources
Credit score estimator
Best credit cards

Search by card type
Low interest
Balance transfer
0% APR credit cards
Instant approval cards
Reward credit cards
Cash back credit cards
Airline credit cards
Business credit cards
Student credit cards
Prepaid and debit cards
Credit card specials

Stay connected
Follow us on Twitter!
Become a fan!
RSS news feeds

Taking Charge: A CreditCards.com blog


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