Wednesday, August 3, 2011

This week's top story: Medical FICO score sparks controversy

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More credit card news | Credit card help | Credit card videos | Credit card statistics August 3, 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

New medical FICO score sparks questions
Within the next 12 months, whether you like it or not, about 10 million Americans are expected to be scored -- much like a credit score -- on how likely they are to fill a prescription and take all the pills the doctor ordered, on schedule. More... 
Collectors' use of social media raises concerns
The use of social media by debt collectors to track debtors prompts government, consumer groups to ponder the need for new guidelines. More... 
Puffing up your income isn't fibbing, it's fraud
This is a cautionary tale to keep in mind the next time you're filling out an application for a new credit card. More... 
U.S. Mint bans $1 coin trick for racking up rewards
People who make a hobby out of amassing credit card rewards points are mourning the loss of a popular if devious tactic. More... 
Expert credit card advice

Can you remove bankruptcy from credit reports?
'Credit Score Report' expert Jeremy M. Simon
If you file for bankruptcy -- but the move is never completed -- you may be able to have it removed from your credit report. More...
 
Resold loan appears twice on credit report?
'Credit Care' expert Kim McGrigg
The same loan may appear multiple times on your credit report, but it only impacts your credit once.
More...
 
New resident's quest for U.S. plastic
'Opening Credit' expert Erica Sandberg
Having lived in the U.S. for two years, a reader wants to know how to go about picking -- and getting approved for -- new plastic.
More...
 
Cash back or miles? 6 questions to ask
'Cashing In' expert Cathleen McCarthy
Our credit card rewards column returns, helping a reader answer a common question: Cash back or miles? More...
 
More credit card news

Top consumer complaints: car repairs, credit, debt
Annual survey of government consumer agencies puts auto repair, credit and debt issues at the top of complaint lists. More... 
Emily's list: Debt-free honeymoon edition
Our blogger shares seven things she and her husband are doing to keep costs down on their Pacific Northwest honeymoon. More... 
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Credit card rate report
(as of 8-3-2011)
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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