Tuesday, May 10, 2011

This week's top story: New rule limiting credit for moms questioned

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More credit card news | Credit card help | Credit card videos | Credit card statistics May 10, 2011
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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

Limited credit rule for at-home spouses challenged
A Fed rule limiting credit access for stay-at-home spouses should be studied to see if it hurts them, four U.S. representatives said in a letter Friday. More... 
Fed: Consumer credit card debt jumped in March
Consumer credit card balances rose in March, marking just the second jump in more than two years. More... 
What info is off limits when using your card?
When you pay by plastic and you're asked for personal information, do you have to reveal it? Generally, no, but it depends on state law, card policies. More... 
Poll: Mom matters most in shaping money habits
A new CreditCards.com poll says our money skills are patterned after Mom most often, but spouses rule for daily spending and big purchases. More... 
Expert credit card advice

Scheming to ruin an ex's credit score isn't wise
'Credit Score Report' expert Jeremy M. Simon
A woman with lousy credit wants to ruin her ex's good credit by making him an authorized user on her card. More...
 
Creditors can't touch your government benefits
'To Her Credit' expert Sally Herigstad
A disabled woman is being harassed by collectors for an unpaid $300 credit card bill. However, a new law is on her side.
More...
 
How to rent property when you have bad credit
'Credit Care' expert Kim McGrigg
A frustrated reader is getting rejected when applying to rent property. Our expert tells how to get approved with his bad credit.
More...
 
6 options for kick-starting a child's credit
'Opening Credits' expert Erica Sandberg
A parent asks how to help his children establish credit in their own names on a limited income. Our expert lays out his options. More...
 
More credit card news

Credit card interest rates move higher
The average annual percentage rate (APR) on new credit card offers rose to 14.83 percent last week. More... 
Mom's money influence can be good ... or bad
Blogger Connie Prater can thank her mother for helping her become the tightwad she is today -- because her mom was just the opposite. More... 
Get matched with the right credit card
CreditCards.com CARDMATCH

Credit card rate report
(as of 5-10-2011)
National Average   14.83%
Business   12.91%
Low Interest   10.73%
Balance Transfer   12.76%
Cash Back   13.91%
Rewards   14.40%
Bad Credit   24.96%
Airline   14.24%
Student   13.77%
Instant Approval   15.99%

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