in shrinkage we trust

Myths Versus Facts: Credit Card Usage and Debt

February 9, 2010
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The recent passage of the Credit Card Accountability Responsibility and Disclosure Act of 2009 has prompted much discussion about credit card usage and debt. Given the global financial meltdown, it’s understandable that many are concerned about their own credit card debt and the practices of creditors in general. Unfortunately, these widespread discussions have given rise to numerous myths, half-truths and falsehoods about credit card usage and debt. Whether you are struggling with debt of your own or just striving to intelligently discuss the subject, it pays to debunk these myths and comprehend the relevant facts. Below are 12 long-standing credit and debt myths and the truths they obscure.

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Financial Responsibility in the United States

June 18, 2009
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Your credit score is a very important part of personal financial health, insuring that credit is extended to you, and at the best rate possible. There are various factors considered when calculating your individual score, and it is important to be familiar with exactly how each of these positively or negatively affects your personal rating. The following map shows averages by state, so you can see how you stack up to the rest of the country.

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Wizard Prang

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jvo

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Tim

I’m an optician (I make glasses), and I can attest to what Marc said. It costs us...

jb

The two party system. You get screwed no matter who you vote for.

indigo

great tips!! we’ll need to use as many as we can to get out of the hole the...