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WASHINGTON -- Cecil Bello has stumbled into a new corner of the credit squeeze. The 32-year-old management consultant has had the limits reduced on three of her credit cards. In September, U.S. Bank notified the Fairfax, Va., resident that she no ...
Read moreBefore going into the logistics of accumulating good credit, understanding the definition of credit is vital. Credit is a way of proving to lenders that you are responsible and worthy of opening a credit card or obtaining a loan. Typically buying a ...
Read moreDear Liz: I accumulated a lot of credit card debt in college. I recently started a full-time job in my field and am working to pay off my debt one card at a time. I am considering asking my creditors to lower my interest rates to make a daunting task ...
Read moreA mericans aren't just struggling to pay their mortgages these days. Many families have accumulated staggering amounts of credit card debt in recent years, and growing numbers are falling short in their efforts to repay. Consumers have accumulated ...
Read moreI'm trying to pay off my credit cards and keep my good FICO score. I stopped using my credit card and received a letter informing me that my account was being closed due to my inactivity. Can they do that if I have a good credit score? Also, will ...
Read moreCecil Bello has stumbled into a new corner of the credit squeeze. The 32-year-old management consultant has had the limits reduced on three of her credit cards. In September, U.S. Bank notified the Fairfax County resident that she no longer had a $14 ...
Read moreDon't throw out that letter from your credit card company. It may be notifying you of a reeled-in credit line, interest rate hike or even an account closure. In this recessionary climate, credit card companies across the board are tightening the ...
Read moreLiberal MP Dan McTeague and Linda Leatherdale with petitions from readers protesting high interest charges on credit cards. (STAN BEHAL/Sun Media) Pat is among hundreds of Sun readers seeing red over gouging credit card rates and demanding Ottawa ...
Read moreWith credit card companies clamping down on spending limits, experts expect more shoppers to cut back. Through years of easy credit, buy now and pay later became the mantra of the American consumer. Now, with recession-shocked consumers fearful of ...
Read moreCHICAGO – If you plan on waiting out the housing downturn, intending to buy a home when the coast is clear, you better start checking your credit reports. Some surprises may waiting for you. Credit card companies are reducing limits on some ...
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