Wednesday, August 17, 2011

This week's top story: 5 credit score secrets of savvy young adults

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More credit card news | Credit card help | Credit card videos | Credit card statistics August 17, 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

5 places with the highest ATM fees
Need cash and your bank's ATMs are nowhere to be found? If you're stuck in one of these places, be prepared to spend up to $20 for a withdrawal. More... 
How card blocks can ruin your vacation
Before you even pull the flip-flops out of your suitcase, your available credit may appear as though you've already paid for the whole trip. More... 
When debt is gone, will dreams come true?
Are people really happier and better off when they escape the chains of debt? Many overburdened borrowers expect to be. More... 
Consumers embrace credit again, Fed says
Like lovers making up after a big fight, banks and credit card users are embracing warily, say two Fed reports issued Monday. More... 
Expert credit card advice

Late payments may rob you of rewards points
'Cashing In' expert Cathleen McCarthy
Forget to pay your bill? Expect your issuer to withhold the goodies until you restore your account. More...
 
Collectors can charge interest on your debt
'Credit Score Report' expert Jeremy M. Simon
Collection agencies can charge you interest, even on closed accounts, unless your card contract or state law says otherwise.
More...
 
Retirement funds off limits for debt repayment
'Opening Credit' expert Erica Sandberg
At 29, a reader proposes dissolving his 401(k) to pay off $37,000 in debt. Our expert says there are other options.
More...
 
Keep creditors at bay during bankruptcy filing
'To Her Credit' expert Sally Herigstad
Her lawyer went on vacation before her filing was finished, and now she's being sued by a creditor. More...
 
More credit card news

How the Capital One-HSBC deal affects consumers
Some 27 million U.S. cardholders awoke Wednesday to a new bank when Capital One bought HSBC's card portfolio. Here's what they should expect. More... 
BofA card perk: Free museum admission
Bank of America cardholders, if you're looking for a free way to get out of the summer heat over Labor Day weekend, try your local museum. More... 
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Credit card rate report
(as of 8-17-2011)
National Average   14.88%
Business   12.91%
Low Interest   10.73%
Balance Transfer   12.73%
Cash Back   14.16%
Reward   14.50%
Bad Credit   24.96%
Airline   14.31%
Student   13.77%
Instant Approval   15.99%

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