Tuesday, October 5, 2010

This week's top story: You went into debt for THAT?

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More credit card news | Credit card help | Credit card videos | Credit card statistics October 5, 2010
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Top credit card stories

You went into debt for THAT?! Bad charging tales
There's a right way and a wrong way to use plastic. And then there are those baffling, stunningly bad decisions when people pull out plastic for all the wrong reasons. More... 
Can credit card debt follow you abroad?
Leaving the country and your credit card debts behind may sound appealing, but it could come back to haunt you. More... 
5 ways to know you've got the wrong credit card
You have a closet full of clothes you adored as a teenager, but that doesn't mean you'd wear them now, right? The same thing goes for your credit card. More... 
15 questions to ask a credit counselor
Knowing what to ask will help you be prepared before, during and after your initial credit counseling session. More... 
Expert credit card advice

Student loans in default: What are your options?
'The Credit Guy' expert Todd Ossenfort
A reader has huge student loans, but dropped out of college and is making only $200 a week. She wonders what her options are. More...
 
When a parent's 'favor' can ruin your credit
'Credit Score Report' expert Jeremy M. Simon
A son wants to be removed as an authorized user on his dad's business card after his father starts to miss payments.
More...
 
Kids aren't responsible for parents' old debts
'Opening Credits' expert Erica Sandberg
A reader's parents didn't pay the bill for private grade-school tuition. Now that she's grown, collectors are calling her for payment.
More...
 
How to haggle to reduce card debt and rates
'New Frugal You' expert Gary Foreman
You've heard the ads promising quick and easy debt reduction, but there's nothing easy or quick about getting rid of debt.
More...
 
More credit card news

Average credit card APRs jump
Interest rates on new credit card offers jumped last week after Capital One increased rates on seven of its cards. More... 
We're poor, fat and now we have low credit scores
It's bad enough that reports say people in the South are poorer and more overweight, but now our credit scores are lower, too. More... 
Get matched with the right credit card
CreditCards.com CARDMATCH

Credit card rate report
(as of 10-5-2010)
National Average   14.28%
Business   12.85%
Low Interest   12.06%
Balance Transfer   12.81%
Cash Back   12.55%
Rewards   14.26%
Bad Credit   21.04%
Airline   14.37%
Student   14.49%
Instant Approval   16.49%

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