Credit Card Report
Financial News Made Easy

No law prevents banks from closing down credit accounts without warning.

The new Credit Card Consumers’ Bill of Rights has done nothing to change that.

But when Citibank recently closed a number of Mastercard accounts — co-branded with oil partners such as Shell, Citgo, ExxonMobil and Phillips 66-Conoco — it did so on very short notice. [video]

As more Americans struggle to pay their bills while banks at the same time take actions to limit credit card debt, national credit score averages are dropping.

What you don’t know can hurt you, especially when you do not know what is going on in your wallet — or in your credit card accounts.

In response both to the financial crisis and to new consumer protection rules slated to come into effect in 2010, credit card issuers are making major changes to customer accounts.

Many of these changes can negatively impact your credit score.

Yet a recent survey shows that many consumers are unware of recent changes made to their accounts.

Each year, you are entitled to view your credit report as compiled by each of the three major credit-reporting bureaus. There are good reasons to do so.

People with a lot of credit card debt often look for a long term solution to their credit problems. One of the things that they consider is debt consolidation. Most people think that this is the answer to their problem. Although it could work for some, it is generally acknowledged that debt consolidation can put you into a lot more trouble if you are not too careful.

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.

Your credit score determines whether or not you qualify for a mortgage — and if so, how much it is going to cost you.

It is no longer difficult to figure out your credit score — the first step toward improving it.

Renting instead of owning your home might seem like flushing money down the drain, but paying that expense and other bills on time can help you build credit if your current score doesn’t qualify you for a mortgage.

Can’t find the info here? Then use our new, dedicated Credit Information Search Engine — which will return results from credit and finance information sites across the Internet.