Credit Card Report
Financial News Made Easy

Deciding to cancel a credit card is a serious matter and you should make sure that this is what you really want. It will seriously affect your credit score if you suddenly apply for several credit cards at the same time.

There are actually cases when consumers find errors or unknown charges on their credit card bill. Because of lack of information, most of them fail to address these errors successfully. In order to avoid this situation, you should consider doing the following…

Cutting back on your credit card spending habits is easy — and beneficial, whether in times of economic stress or abundance.

There is a simple way to give yourself a cooling off period before using your credit card to make a big purchase: freeze your assets.

Shopping for a credit card? Here’s what to look for.

See a credit card offer that looks good? Here’s what you should know about credit card interest rates.

The Federal Reserve and two other regulating agencies have proposed a set of new rules and regulations aimed at stopping “unfair and deceptive” practices in the credit card industry. The industry is not amused. Here’s why…

Just a few decades ago, owing more money than you had in your bank account was the exception, not the rule. Yet, in the last 10 years, consumer debt has doubled and, for the first time, Americans are spending more than they’re saving — or making. Award-winning former ABC News and CNN producer Danny Schechter investigates America’s mounting debt crisis in his latest hard-hitting expose, In Debt We Trust.

Many consumers habitually spend more than they have. Meanwhile, fewer people are paying their credit cards bills on time. The percentage of people delinquent on their credit cards is the highest it’s been in three years, according to one report. Here’s how to find out if your credit card spending habits are out of control.

Faced with mounting account delinquencies, major U.S. banks are penalizing credit-card customers late on payments by hiking their accounts to maximum default interest rates of 30% and more — even those with good credit records.