Debit Cards Lose Market Share to Credit Cards for First Time in 20 Years

It was a good run, but debit cards have finally ceded to credit cards in terms of gaining market share, according to the latest Nilson Report. The industry publication noted that debit cards had continuously stolen market share from credit cards for purchase transactions until 2012, when the trend finally reversed course. During 2012, credit … Continue reading “Debit Cards Lose Market Share to Credit Cards for First Time in 20 Years”

Credit Builder Loans: Should You Pay Interest to Establish Good Credit?

If you’re currently in the process of rebuilding your credit, or don’t have any credit history to speak of, you may have come across or been pitched a “credit builder loan.” These rather unique loans can work in different ways, but here’s the basic gist of it. You apply for a small loan amount, typically … Continue reading “Credit Builder Loans: Should You Pay Interest to Establish Good Credit?”

View Your FICO Score for Free Simply By Having a Credit Card

The credit score world just got turned on its head. Today, FICO announced that millions of consumers would now have access to their FICO scores without paying a dime. And without jumping through hoops. The initiative is called “FICO® Score Open Access,” and the gist of it is that the FICO scores lenders buy to … Continue reading “View Your FICO Score for Free Simply By Having a Credit Card”