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They say knowledge is power. And in the case of credit scores, it seems to be true.
A recent survey by the Consumer Federation of America (CFA) and VantageScore Solutions, LLC, found that people who had recently gained access to their credit score knew more about how credit scores are calculated than those who are unaware of their scores.
New reward options for Chase card users may get them to download and use a mobile wallet app, even if they’ve been reluctant to do so before. Chase Freedom is offering 5% cash back on up to $1500 in purchases over the first quarter of 2018, when they make purchases with Chase Pay, Apple Pay, Android Pay, or Samsung Pay.
When you’re in the market for a new credit card, nabbing one with the lowest APR possible is of primary importance. So customers of Navy Federal Credit Union will be glad to hear that the APR for its Platinum and GO REWARDS credit cards have been lowered, to 6.74% and 9.74%, respectively. The change took effect June 30 and will be the ongoing rate for an unlimited period of time.
Green Dot Corporation has acquired the popular prepaid card co-founded by Russell Simmons, RushCard, for $147 million.
The Consumer Financial Protection Bureau (CFPB) is considering a proposal that would change the way debt collectors operate in the United States. The new guidelines would limit the ways collection agents can contact people with debt, and ensure that the correct amount of debt is collected.
People can establish good credit when they properly manage their loans and credit cards, but it can be difficult to get a loan or a credit card if you don’t have credit or your credit is bad. So how is that supposed to work? How can you build credit when no one will approve you […]
Is it bad if a high school graduate wants a credit card? The experts say it depends on the child and how he or she considers the card. If children think of credit card as of the way to spend more, you should be careful. But if they are informed and know how the stuff […]
Good news for those with less-than-perfect credit scores: banks are finally opening the lending doors for subprime consumers. But banks don’t seem to be blindly plunging into lending to the consumers who can’t afford the debt they are taking on. Lenders are making smarter decisions: they strict criteria in opening credit to these consumers. Usually […]