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Credit card rates expected to hit record of 19% on average
Carrying a credit card balance is getting more expensiveBy Mark Huffman of ConsumerAffairsMay 24, 2022The Federal Reserve has begun to raise its federal funds rate, one of the reasons Wall Street is in...
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Key Bank says its customers’ credit scores have risen
The bank reports that over 4,000 customers have moved from a secured credit card to a traditional credit cardBy Mark Huffman of ConsumerAffairsJune 1, 2022Key Bank reports that another 4,343 of its...
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Most credit card issuers are failing to meet expectations, survey finds
Consumers want more digital help to meet growing economic challengesBy Mark Huffman of ConsumerAffairsJune 6, 2022Theres no question we are in turbulent economic times. Inflation is at a 40-year high,...
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Consolidating credit card debt can dramatically increase credit scores, study...
Experts weighs out the pluses and minuses of different ways to tackle the situationBy Gary Guthrie of ConsumerAffairsJune 14, 2022A new study suggests that consolidating credit card debt can be a...
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High gas prices mean stations “hold” more of your money when you pay with...
Low bank account balances and high credit usage can mean troubleBy Mark Huffman of ConsumerAffairsJune 29, 2022Gassing up the car for a Fourth of July road trip? Make sure you have plenty of money in...
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Credit card lenders step up offers despite shaky economy
The move comes as credit card spending is increasingBy Mark Huffman of ConsumerAffairsAugust 3, 2022You may notice that youre receiving more credit card offers in the mail. In spite of inflation and...
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FTC says Credit Karma misled consumers with allegedly false 'pre-approved'...
The company denies the charges, but some reviewers arent buying itBy Gary Guthrie of ConsumerAffairsSeptember 7, 2022Halloweens still far away, but some Credit Karma users have already got a treat they...
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Do you really know all that goes on with a Buy Now, Pay Later loan? The CFPB...
More needs to be done to protect the consumer, the agency saysBy Gary Guthrie of ConsumerAffairsSeptember 15, 2022Consumers who think that Buy Now Pay Later (BNPL) loans are a perfect way to buy...
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The Fed hiked interest rates again. Here’s what it means if you have a credit...
The average credit card interest rate will likely hit another record highBy Mark Huffman of ConsumerAffairsNovember 4, 2022When Federal Reserve policymakers raised the federal funds rate another 0.75%...
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Consumer watchdogs divulge the nasty downside of Buy Now, Pay Later credit
You may be giving up consumer protections without a leg to stand onBy Gary Guthrie of ConsumerAffairsNovember 23, 2022"Buy now, pay later"? How about "Buy now, and there could be hell to pay later"?A...
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Merchants say it’s too easy to dispute a charge on your credit card
Friendly fraudsters are hurting consumers by forcing merchants to raise pricesBy Gary Guthrie of ConsumerAffairsJanuary 9, 2023Ever claim you didnt make a purchase that shows up on your credit card? If...
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FTC finalizes order forcing Credit Karma to pay $3 million back to consumers...
Filing a complaint with the FTC can go a long wayBy Gary Guthrie of ConsumerAffairsJanuary 24, 2023When does approved or pre-approved mean just that?In a ConsumerAffairs reviewof Credit Karma's credit...
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Extra introduces a debit card that can raise your credit score
The card company reports payments to credit agencies when they receive them on timeBy Mark Huffman of ConsumerAffairsFebruary 28, 2023Using a credit card and making timely payments usually increases...
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CFPB pins the tail of complaints squarely on credit reporting agencies
The agency wants people to complain because it helps it prevent issues from getting worseBy Gary Guthrie of ConsumerAffairsMarch 16, 2023How bad do consumers think credit reporting agencies are? Plenty...
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Rocket rolls out a credit card it says will help users buy a home
Rewards can include money to go toward a down payment and closing costsBy Mark Huffman of ConsumerAffairsMarch 30, 2023A hefty credit card balance often prevents people from qualifying for a mortgage,...
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Using your credit card at public terminals is getting even more dangerous
Restaurants are particularly dicey because of all the people who can touch a cardBy Gary Guthrie of ConsumerAffairsApril 6, 2023Mugging is so yesterday. Thieves are asking themselves why go to all that...
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That new balance transfer credit card with 0% interest looks inviting, but it...
And what about when you run out of that 'free interest?'By Gary Guthrie of ConsumerAffairsApril 10, 2023With the economy bouncing all over the place, consumers have been bouncing their credit all over...
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How rewarding are rewards programs? Not as much as in the past.
One expert offers their three best tips on maximizing rewards program valuesBy Gary Guthrie of ConsumerAffairsMay 17, 2023What is a mile or a dollar worth these days when it comes to loyalty rewards...
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Consumers’ credit card debt is approaching $1 trillion
Inflation and layoffs have reversed the pandemics positive trendBy Mark Huffman of ConsumerAffairsMay 31, 2023With inflationary headwinds stubbornly persisting, Americans are increasingly adding to...
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Loyalty program values continue to slide so why are consumers still attracted...
Do you know about the 'churning' technique?By Gary Guthrie of ConsumerAffairsJune 13, 2023Have you ever taken the time to calculate how much you have to spend to earn a mile or a point in the loyalty...
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