Five Tips for Dealing With a Declined Credit Card
News from Fox Business:

Credit cards can cut you off for a variety of reasons. Here’s what to do in response.

1Your card was declined, but why?

What are five words you never want to hear from a waiter?

“Your credit card was declined.”

It happens all the time for a variety of reasons. You may be over your credit limit. Your credit score may have dropped, or the credit card company may suspect that the card is being used fraudulently.

And it gets worse from there. That sliver of plastic in your wallet may now be worthless — at least temporarily — yet those card bills just keep coming.

But, you have rights. A slew of consumer protections, including the 4-year-old Credit Card Accountability Responsibility and Disclosure Act, require issuers to treat you with respect, even if you’re not their favorite customer anymore.

Here are five things to consider if your credit card has been declined.

2The issuer can’t demand immediate payment

Your charging privileges may be gone. But you still have time to pay off your balance.

Federal law gives the card issuer a couple of options. It can…………… continues on Fox Business

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Soon, there will be scores to check credit card frauds
News from Economic Times:

MUMBAI: Soon, there will be scores on the lines of credit scores to check credit card frauds. In view of the recent instances of credit card frauds, the National Payments Corporation, backed by the Reserve Bank of India, is prodding banks to sign up for a software that would map customer spending and throw up alerts.

The software would generate scores based on the historical spending habits of a customer, such as the amount, the variety of outlets and the frequency, among others, said a person part of implementing the process.

A pilot study will be launched i…………… continues on Economic Times

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Choosing the Best Credit Card for 2013
News from Connecticut Watchdog:

The start of a new year is typically when consumers take a close look at their finances, making resolutions on saving money and cutting expenses. It may be an annual tradition, but this year there is an urgency as lawmakers and the President wrestle each other over the fiscal cliff that will affect the finances of almost every American. While it is uncertain what the tax rates or deductions will be next year, there are steps that households can take to save a little extra and protect their finances in the uncertainty of 2013, such as getting the right credit card.

Changing credit cards can save substantial money on interest payments or earn some extra cash with a reward card. The choices can be overwhelming since there are over 1,000 credit cards offered in the United States. Credit cards are not “one-size-fits-all,” so it is important to thoroughly research and compare cards to find the right one to meet your needs.

Getting Started
Before shopping for a credit card, it is important to have a plan for how you will use the loan. Are you a disciplined person that only charges what you can afford and pays off the balance in full on time every month? If so, a rewards card is a good option for you. If you carry a balance from month to month, then getting a card with the lowest possible interest rate is the most important consider…………… continues on Connecticut Watchdog

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10 Credit Card Tips for 2013
News from ABC News:

It’s time for new beginnings, and perhaps that means a new credit card. Finding a good card — and managing it well — can boost your buying power and credit score. But be careful. Misusing your credit could turn 2013 into a costly year. Here are 10 tips for getting the right card.

Tip 1: Know your credit The state of your credit will determine what card you can get. If you have good to great credit (FICO score of 720 and above), you’ll likely qualify for numerous rewards cards that cater to your personal tastes. There are rewards cards for hotels, airlines and gas stations. Others will give you cash back. Those with decent credit (620 to 720 FICO credit score) may need to stick with a plain-vanilla credit card with no annual fee. For those with no credit or blemished credit (FICO credit score below 620), a secured credit card may be your only option. Secured cards require an upfront deposit to serve as collateral against the credit limit.

Tip 2: Read the fine print It may not be the most thrilling read, but the details of a credit card’s agreement will help you differentiate it from others. The terms and conditions are usually posted on an issuer’s website, so you can read them before you apply. The agreement gives the annual percentage rate, or APR, for purchases, balance transfers and cash advances. It also will tell you about late fe…………… continues on ABC News

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Lowering credit rate, debt and stress: 6 tips for negotiating card rates
News from Deseret News:

Credit scores can be lowered by calling and talking to the company. Even though lowering a credit score isn’t always possible, there are tips to use when calling to negotiate.


Enlarge photo»

For those deep in debt, trying to negotiate a lower credit card rate can save a lot of money and there are ways to get a lower rate, according to an article by

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Tips on tackling credit card debt
News from Detroit Free Press:

Question: I owe $ 45,000 to six credit cards. I pay a total of over $ 1,000 a month. What is the best way to manage this debt? Can I get a five-year loan so there is just one payment?

Answer: Unfortunately, there is no quick fix to get out of credit card debt. It is important to explore all the pros and cons of the debt consolidation options and stay clear of quick-fix schemes.

Here are some ways you may be able to get a five-year loan to consolidate your debt.

A secured personal loan. Banks, credit unions and other professional lenders offer this type of loan. However, it requires the backing of some type of collateral. Secured loans are often used to purchase an item of significant value, such as a car. Secured personal loan rates can vary substantially. The rates generally depend on a number of factors, such as the collateral and your credit score.

An unsecured personal loan. This type of loan does not require collateral. Unsecured personal loans can be found online, and these loans can provide borrowers with fast cash. However, low interest rates are generally only available to borrowers with excellent credit scores. For borrowers with low credit scores, the interest rates will be higher and the loan can be more difficult to obtain.

A home equity lo…………… continues on Detroit Free Press

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Tips to prevent child identity theft
News from YNN:

Updated 11/02/2012 10:01 PM

There’s a new warning out for parents. It’s about their child’s credit and other personal information. The FTC is bringing awareness to child identity theft. Checking their credit score may not be something you would think to do, but as our Iris St. Meran explains, a simple check can help safeguard your children.

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UNITED STATES — Checking your cred…………… continues on YNN

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Where does credit card scores over debit card
News from Daily Bhaskar:

New Delhi: Many of us are afraid of availing the facilities of credit cards, owing to their bad reputation. Inflated bills, over-expenditure are some of the reasons why most of the people avoid the use of credit cards.


However, experts believe that a credit card to help you in more than one that a debit card cannot. 


To begin with, you can keep a check on your daily expenses with credit card, if you pay your monthly credit card bills on time. All you need to exercise is little retraint and discipline and credit cards can offer you many advantages over the Debit cards. 


Making use of cerdit will help you ensure that you stay within your budget. 


Credit card help you meet emergency when you run-out of money. A person can easily overdraw from their account, debit cards, on the other…………… continues on Daily Bhaskar

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I’ve Never Missed a Payment and Still Have Bad Credit!
News from Go Banking Rates:

Growing up you were taught that being financially responsible means paying your bills on time. While this is a good rule to live by, there’s much more to being financially responsible. As a matter of fact, you can have a perfect payment history and still have a bad credit score.

The reason is because a good payment history is only a portion of what affects your credit score and as you already know, a good credit score is essential to your financial well-being.

The Credit Score Factors

What does a perfect credit score look like? The exact FICO formula has yet to be cracked, however, a few credit score factors contribute to piecing together what is required to achieve a high credit score.

The Fair Issac credit score is formulated based on these five pieces of data: payment history, amounts owed, length of credit history, new credit and types of credit used.

As you can see, payment history, which i…………… continues on Go Banking Rates

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Student credit card consolidation – Close the doors on your credit card debt
News from The City Wire:

If your revolving credit card debt is keeping you awake at night, you may be thinking about getting professional debt help. While credit card consolidation can be a beneficial tool to expedite your debt repayment procedure, it can even backfire terribly if you do not watch your steps. Being a student, you have to be extra watchful about your personal finances as your credit score will be checked by your employers in the near future. You must be aware that debts can have a drastic effect on your credit score and therefore, you need to make sure that no wrong steps on your behalf will push you further towards the debt hole. Here are some benefits of credit card consolidation that you may reap.

  • Revised interest rates: The main reason for the increasingly large number of credit card defaults among the students is the outrageously high interest rates. The double-digit unemployment rate is also barring the students from getting jobs that can supply them with money with which they can pay off their credit card obligations. Debt consolidation can easily lower the interest rates on all your debt accounts and therefore you can make affordable repayments, thereby freeing yourself of debt.
  • Revised monthly payments: You can extend the repaymen…………… continues on The City Wire

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Tips for college students on credit card use
News from USA TODAY:

College students juggle plenty: part-time jobs, research projects, dating, keeping up with the family at home.

  • Damian Dovarganes, AP

So I’d like to go out on a limb and say most college students are more focused on their GPAs than on their credit scores. And it’s way too easy to make some really dumb moves on campus that can ding your credit score. Lower scores mean higher costs when taking on adult-size purchases, such as car loans and mortgages, down the road.

Since 2010, credit card companies can no longer offer T-shirts, coupons for free pizza, coffee mugs or other gifts on campus to college students who agree to fill out a credit card application. They can still market cards on campus — just no freebies.


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Downside of maxing out credit card rewards
News from MSN Money:

This post comes from Gerri Detweiler at partner site

Are you using your credit card to pay for just about everything you can in hopes of maxing out the rewards you earn? While that may be good for your pocketbook, it could be bad for your credit, as our reader “JL Lagistee” is learning. He wrote:

My problem is that I have a rewards card that pays rewards on all purchases, so I charge everything on this card. Consequently my balance on my card is always high. I also pay off all charges in the same month they are charged. So I am never delinquent or miss payments. The credit rating companies downgrade my credit score a couple of points each quarter and never push it up because of this issue.

JL monitors his credit scores through a monitoring service provided by his bank, and he is frustrated with the fact that his scores remain stubbornly average, despite his perfect payment history on this current account. According to the credit monitoring service, the balance on his credit card appears to be the main factor contributing to his mediocre scores.

What can he do?

I spoke with JL by phone and learned that he has only one cred…………… continues on MSN Money

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Hundreds of New Bad Credit Loans Available without Credit Checks
News from Virtual-Strategy Magazine: offers consumers across America the simple and easy way to access funds fast. Auto, pay day and personal bad credit loans available online with absolutely no credit check required.

Atlanta, GA (PRWEB) August 22, 2012

Having a poor or even bad credit score used to mean a financial dead end. None of the high street banks and credit unions typically want to lend to borrowers with a weak credit history, and as a result, the very people who tend to need money the most are increasingly being shut out of the credit options and financial products they need.

It’s a growing problem for the millions of Americans who live paycheck to paycheck monthly. With no significant savings of any kind, any type of out of the ordinary expenditure or emergency crisis becomes a financial headache as well. Even with the most careful budget, there are always unexpected situations and without a financial fallback position, life can get very stressful indeed.

A spokesperson for BadCredit-Loans announced today “It’s important that efforts to continue to educate Americans about personal finance and what it means to be a responsible borrower, but at the same time

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The Pocket Idiot’s Guide to Repairing Your Credit

"When bad credit happens to good people." Once someoneas personal financial credit goes bad, it can be a difficult process to bring it back into good standing. This guide shows consumers how to repair their credit, increase their credit score, and avoid falling victim to the instant credit repair industry and its fraudulent claims and scams. a Research by the Federal Reserve indicates that household debt and personal bankruptcy filings are at record high levels a Only book on the shelves to include coverage of the The Fair and Accurate Credit Transaction Act, which goes into effect 12/1/2004 a Author has been featured in "Money, Family Circle," and "Womenas Day," and has appeared on CNBC and CNN
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