Thursday, July 4, 2013

This week's top story: Can you pay off student loans with plastic?

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More credit card news | Credit card help | Credit card videos | Credit card statistics July 4, 2013
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Have a safe and happy 4th of July!
 
Top stories

Using plastic to pay off student loans?
Using one or more credit cards to get out from under the burden of student loan payments can seem tempting, but all too often, it can backfire. More... 
Looking for Mr. FICO: Credit scores as dating tool
Your astrological sign? Pah. A growing number of today's singles employ a FICO filter, using credit scores to judge whether a date is responsible. More... 
10 things not to do when applying for a card
When applying for a card, especially if you've had money problems, do one of these and wham! You just hurt your chances of getting approved. More... 
Are your finances ready for a 'babymoon'?
Need some "just us" time before baby arrives? Then start planning your "babymoon" -- just don't add to your stress by spending a bundle. More... 
Expert advice

Settling a debt? Get it in writing
'Let's Talk Credit' expert Jane E. McNamara
If you want to settle a debt with a collector for less than owed, do it safely and permanently by following these steps.
More...
 
Will canceling a new card hurt your score?
'Opening Credits' expert Erica Sandberg
A reader regrets he opened a store card and wants to cancel it before he activates it. How much will that hurt his credit score? More...
 
Sister opens cards using Mom's identity
'To Her Credit' expert Sally Herigstad
One sister charges thousands to cards opened in Mom's name. The other sister grinds her teeth but keeps the secret.
More...
 
Blogs and infographics

Rates rising, but not for credit cards
If your fear is that a spike in card rates is coming soon, relax. The prime rate -- the benchmark that triggers a boost in card rates -- has not budged. More... 
Infographic: Card debt swapped for school debt
Young consumers are turning their backs on credit cards and piling on student loans, according to June 2013 data from FICO. More... 
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(as of 7-4-2013)
National Average   14.96%
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Bad Credit   23.64%
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Student   13.16%
Instant Approval   28%

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