Wednesday, July 7, 2010

This week's top story: More adult children co-signing for parents' loans

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More credit card news | Credit card help | Credit card videos | Credit card statistics July 7, 2010
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Top credit card stories

More adult children are co-signing for parents' loans
In a case of financial role reversal, many parents are turning to their adult children for loans, due to the parents' rising debts and falling retirement funds. More... 
Travel tips for countries where cash, not credit, reigns
Going to a country where cash and coins are still king? These tips will reduce the risks that ATMs and carrying cash can bring. More... 
How to get a cell phone when you have bad credit
Even if your credit is in bad shape, you don't have to pay more for cell phone service -- as long as you know all of the options that are available. More... 
Credit card APRs advance for fifth consecutive week
Credit card APRs increased for the fifth straight week, the longest increase in nearly three years. More... 
Expert credit card advice

Financial reform opens access to free credit scores
'The Credit Guy' expert Todd Ossenfort
Financial reform rules now require lenders that turn you down or give you a higher rate to provide you access to a free credit score. More...
 
Tips to handle online debit card theft
'To Her Credit' expert Sally Herigstad
Your actual card doesn't have to disappear to be stolen. Online thieves just need the card's number to start stealing.
More...
 
Husband's card defaults shouldn't hurt wife's credit
'Credit Score Report' expert Jeremy Simon
Her husband's debt defaults show up on her credit report, but she should be able to clear it if she was just an authorized user.
More...
 
Is bankruptcy right for you? A 7-point checklist
'Opening Credits' expert Erica Sandberg
A reader is considering bankruptcy but doesn't know if it's wise. Our 7-point checklist can help her make the right choice.
More...
 
More credit card news

International card theft targets U.S. consumers
More than a million American consumer card accounts were compromised in an international credit card scam. More... 
College loan bubble next to burst?
The glaring similarity between the subprime mortgage business and for-profit education is the issuance of loans to people who cannot repay them. More... 
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Credit card rate report
(as of 7-7-2010)
National Average   14.43%
Business   12.96%
Low Interest   12.04%
Balance Transfer   12.93%
Cash Back   12.63%
Rewards   14.75%
Bad Credit   20.32%
Airline   14.46%
Student   13.96%
Instant Approval   15.99%

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