Credit News
Credit and credit card newsCredit Scores Highest in Minneapolis and San Jose
TransUnion, one of the three main credit bureaus, ranked metros throughout the country based on their credit scores, with Minneapolis, MN and San Jose, CA taking top honors. Both metros received the largest percentage of “A’s,” which signify the greatest ... Read More »
Highest and Lowest Credit Scores by City
Curious where your city stands credit score-wise? Believe it or not, there’s quite a range in credit scores based on geographical area alone. This has something to do with the impact of the most recent recession. Think lost jobs resulting ... Read More »
Credit Card 2.0 in the Works
Do you ever feel like you’ve been toting around the same archaic piece of plastic in your wallet for years, one that is both lackluster and susceptible to theft? Well, a new credit card design aims to change how we ... Read More »
Top 10 Credit Card Companies
As of the end of February, there were 576 million credit cards in circulation in the United States alone, according to CNBC. And US consumer revolving debt was $864.4 billion as of the beginning of the year, with 98% of ... Read More »
FHA Credit Score to Rise
The Federal Housing Authority (FHA) recently proposed a number of tweaks to its flagship home loan program, including some significant credit scoring changes. In order to better manage risk and continue supporting the fragile U.S. housing market, the FHA will ... Read More »
More than a Quarter of Americans Have Credit Scores Below 600
A staggering 25.5 percent of American consumers now have credit scores of 599 or below (bad credit score), according to statistics provided by Fico Inc., the founder of the Fico score. That’s nearly 43.4 million Americans with subprime credit scores, ... Read More »
Denied A Credit Card Because Your Credit Score is Too High
Yep, you read correctly. Some consumers could be denied credit cards because their credit scores are…too high. Gander Mountain, a Minnesota-based outdoors retailer, launched a federal lawsuit against World Financial Network National Bank of Columbus, Ohio, the company that co-brands ... Read More »
More New Credit Card Rules Coming Soon
Come August 22, there will be a series of new rules in place, intended to further protect credit card holders, thanks to the good people at the Federal Reserve. Late Fees Capped at $25 Late fees will generally be capped ... Read More »
Trend: Parents Opening Credit Cards in Kids’ Names
Cash-strapped parents are reportedly opening credit cards under their childrens’ names, according to CNN. While it’s clearly not the right thing to do, some parents seem to have no place to turn but their children, especially after their own credit ... Read More »
Colleges and Credit Card Companies Have Cozy Relationship
Many universities throughout the United States have quite the intimate relationship with major credit card issuers, according to an investigation by the aptly named Huffington Post Investigative Fund. The publication obtained and scoured a number of “affinity agreements” between the ... Read More »
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