Markets

These Are The Cities With the Worst Credit Scores

[credit provider=”Flickr via mmmswan” url=”http://www.flickr.com/photos/mmmswan/4211839788/in/photostream/”] They say everything is bigger in Texas. But apparently that doesn’t apply to credit scores.Credit reporting bureau Experian released its annual State of Credit report, which examines various statistics related to personal credit on both a national and local level. That includes ranking America’s cities […]
These Are The Cities With the Worst Credit Scores
Markets

Sometimes A Credit Card Is More Useful Than A Debit Card

[credit provider=”Flickr / BeauGiles” url=”http://www.flickr.com/photos/beaugiles/5738876287/in/photostream/”] “Debit or credit?” You hear it almost every time you use plastic and you probably have a preferred answer.But did you know there are some circumstances when one might be better than another?
Sometimes A Credit Card Is More Useful Than A Debit Card
Markets

Don’t Let A Car Accident Wreck Your Credit Rating

[credit provider=”Flickr / popmayhem” url=”http://www.flickr.com/photos/popmayhem/150619/sizes/m/in/photostream/”] An auto crash may do more than just wreck your vehicle. It may cause long-term damage to your credit reports and scores as well.We’ve heard from many accident victims over the years who wound up with medical bills in collections while they waited for insurance […]
Don’t Let A Car Accident Wreck Your Credit Rating
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How To Dilute Your Credit Score To Make It Look Higher

[credit provider=”Flickr via oter” url=”http://www.flickr.com/photos/oter/3104958433/in/photostream/”] Is it possible to dilute your bad credit with good to boost your score? The Credit.com News & Advice Blog recently received the following comments from one of our readers:I had a lot of medical collection accounts from an illness about 1 1/2 years ago. […]
How To Dilute Your Credit Score To Make It Look Higher
Markets

Here’s What It Takes To Save Your Credit Once A Debt Collector Calls

[credit provider=”Flickr/miggslives” url=”http://www.flickr.com/photos/miggslives/5412081717/sizes/z/in/photostream/”] When I went to the doctor this year for a routine blood test, I was sure the $108 bill I received in the mail a week later was a joke. My insurance covered all preventative care, including the test, so I assumed it was some kind of […]
Here’s What It Takes To Save Your Credit Once A Debt Collector Calls
Markets

The Real Estate Mistake That Sent My Credit Score Plunging 200 Points

[credit provider=”flickr/clickflashphotos” url=”http://www.flickr.com/photos/clickflashphotos/3512146240/sizes/l/in/photostream/”] In the fall of 2011, I went on an episode of “The Suze Orman Show” to ask her how to repair my credit, and I knew I was in big trouble when she told me there was nothing she could do.My mistake was co-signing a mortgage for a friend, […]
The Real Estate Mistake That Sent My Credit Score Plunging 200 Points
Markets

Everything You Need To Know About Maximizing Your Credit Score

[credit provider=”Youtube.com” url=”https://www.youtube.com/watch?v=TU1jDDJe0tQ&hd=1″] On Friday, when the 2012 Summer Olympics open in London, thousands of athletes from around the world will compete in pursuit of that elusive gold medal; their years of training, sweat, and hard work culminating in a few key moments of competition.Outside of these elite athletes, most […]
Everything You Need To Know About Maximizing Your Credit Score
Markets

What Is A Residential Mortgage Credit Report?

[credit provider=”flickr/arturstaszewski” url=”http://www.flickr.com/photos/arturstaszewski/6900544282/sizes/l/in/photostream/”] Just when you think you’ve got this whole credit thing down, some new credit-related phrase creeps into the industry’s vocabulary.Let me introduce you to the world of mortgage credit reporting, which is very different than just “regular credit reporting.”
What Is A Residential Mortgage Credit Report?
Markets

70 per cent Of Credit Scores Will Improve With FICO’s New Credit Score

[credit provider=”Flickr via oter” url=”http://www.flickr.com/photos/oter/3104958433/in/photostream/”] The Fair Isaac Corp. (FICO) and data firm, CoreLogic, plan to release a new credit score that would change what affects credit score rankings for consumers by accounting for new information.The companies evaluated the current factors of the FICO score, and decided that including short-term loans and rental information into the FICO […]
70 per cent Of Credit Scores Will Improve With FICO’s New Credit Score
Markets

The Truth About How Medical Debt Really Impacts Your Credit Score

[credit provider=”flickr/crucially” url=”http://www.flickr.com/photos/crucially/412106816/sizes/l/in/photostream/”] It’s high time to explore the impact of medical debt on consumer credit reports and consumer credit scores. On the surface, medical debt is not that different than any other type of unsecured consumer debt. It’s statutorily dischargeable in bankruptcy, can end up on your credit reports, […]
The Truth About How Medical Debt Really Impacts Your Credit Score
Markets

Should You Time Your Credit Card Payments?

[credit provider=”Flickr / keso” url=”http://www.flickr.com/photos/keso/2262459574/in/photostream/”] A recent post on Quora set our tongues wagging over whether timing your credit card payments will really improve your score.”Is it better to pre-pay some/all of one’s credit card balance, or should one wait for the monthly statement before paying it in full?” the reader […]
Should You Time Your Credit Card Payments?
Markets

You’ve Got To See This Guy’s Extreme 150 Credit Card Collection

In response to my earlier post about one of our credit cards being closed due to inactivity, long-time reader and regular commenter BG mentioned that he and his wife have upwards of 150 credit cards. They’ve apparently been collecting these cards in an attempt to illustrate the poor management of mega-banks like Citi.
You’ve Got To See This Guy’s Extreme 150 Credit Card Collection
Markets

There’s A Science Behind That 3-Digit Number On Your Credit Report

[credit provider=”Flickr / Argonne National Laboratory” url=”http://www.flickr.com/photos/argonne/4534997622/sizes/m/in/photostream/”] No, it’s not magic and it’s anything but arbitrary. There is a well-established science behind that 3-digit number that so heavily influences your financial life.And while it would take several hundred pages to fully explain how it all works, we can explore one […]
There’s A Science Behind That 3-Digit Number On Your Credit Report
Markets

5 Strange But Effective Ways To Skyrocket Your Credit Score

[credit provider=”misterbisson | Flickr” url=”http://www.flickr.com/photos/maisonbisson/1970837/”] When it comes to cultivating a credit score, you’ve probably got the good citizen routine down cold.You pay on time, try to wipe out the entire balance every month and never close too many accounts at once.
5 Strange But Effective Ways To Skyrocket Your Credit Score
Markets

The Easiest Way To Wipe That Stain Off Your Credit Report

[credit provider=”Flickr / zoomar” url=”http://www.flickr.com/photos/zoomar/132638187/sizes/m/in/photostream/”] The information in your credit reports is what’s used to create your credit scores, so you don’t want to let mistakes on your credit reports potentially throw your credit scores out of whack. Here’s how to dispute credit report mistakes, step-by-step:Step One: Order current copies of […]
The Easiest Way To Wipe That Stain Off Your Credit Report
Markets

Why Filing Bankruptcy Might Be The Worst Thing You Could Do For Your Career

[credit provider=”Flickr / net_efekt” url=”http://www.flickr.com/photos/wheatfields/4774087006/in/photostream/”] Technically speaking, it’s not legal for an employer to refuse to hire you because you’ve gone through a bankruptcy. However, an employer doesn’t have to say that they didn’t hire you because of your bankruptcy: It’s perfectly legal not to hire someone for having bad […]
Why Filing Bankruptcy Might Be The Worst Thing You Could Do For Your Career
Markets

People Seriously Exaggerate How Much Credit Applications Impact FICO Scores

[credit provider=”Flickr via robands” url=”http://www.flickr.com/photos/robandstephanielevy/4334382878/in/photostream/”] It’s no secret that FICO scores and other credit risk scores consider credit inquiries when calculating your credit scores. A credit inquiry, if you are not familiar with it, is a record of who pulled your credit report and on what date.If you want to […]
People Seriously Exaggerate How Much Credit Applications Impact FICO Scores
Markets

Bet You Didn’t Think That Unpaid Library Fine Would Tank Your Credit

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Bibliotecaestantes.jpg”] The FICO credit score equation might be a black box, but there have been thousands of articles written about what you should and shouldn’t do when it comes to your credit score.Most of them are pretty obvious—pay your credit card bills on time, don’t apply for […]
Bet You Didn’t Think That Unpaid Library Fine Would Tank Your Credit
Markets

Get Your Credit Out Of The Toilet By Focusing On Your Score And Not Your Report

[credit provider=”Flickr / attila acs” url=”http://www.flickr.com/photos/attilaacs/4322088487/in/photostream/”] By Barrett BurnsMy recent Credit.com column, Credit Score Obsessed? Don’t Be, I likely surprised many readers by recommending that consumers pay less attention to their credit score and focus their credit management energies on their credit report.
Get Your Credit Out Of The Toilet By Focusing On Your Score And Not Your Report
Markets

Not Swiping The Plastic Could Actually Cost You Down The Line

[credit provider=”Flickr / MyTudut” url=”http://www.flickr.com/photos/mytudut/5188624139/in/photostream/”] It’s strange, but from time to time, I get a small pop in the volume of the same question.It happened to me last week. I was asked four times on the same day about the impact of credit card account inactivity on your credit reports […]
Not Swiping The Plastic Could Actually Cost You Down The Line
Markets

Cleaning Your Mess Of A Credit Report Is About To Get Easier

[credit provider=”Flickr / zoomar” url=”http://www.flickr.com/photos/zoomar/132638187/sizes/m/in/photostream/”] A consumer’s credit score is perhaps the most important piece of financial information about them because it boils down almost their entire borrowing history to a single three-digit number.Now, a federal consumer watchdog is setting its sights on the reports on which those scores are […]
Cleaning Your Mess Of A Credit Report Is About To Get Easier
Markets

No Matter Which Way You Slice It, You Still Need A Credit Card

[credit provider=”Flickr / winterofdiscontent” url=”http://www.flickr.com/photos/winterofdiscontent/3415471199/in/photostream/”] When the topic of credit cards arise, some consumers are quick to disregard or shun them as a part of their personal finance strategy.In December 2011, U.S. revolving debt amounted to a total $801 billion, with 98 per cent of that debt stemming from credit cards alone.
No Matter Which Way You Slice It, You Still Need A Credit Card
Markets

Two Travel Rewards Cards For Millennial Globe-Trekkers

[credit provider=”Business Insider / Linette Lopez” url=”http://www.businessinsider.com.au/yourmoney”] Meet Business Insider’s Linette Lopez.She’s just like any millennial: She spends a lot on food, is saddled with college debt and is wary of the big banks. Also, she loves to travel. 
Two Travel Rewards Cards For Millennial Globe-Trekkers
Markets

The Crucial Credit Lesson Everyone Should Learn From ‘The New Girl’

[credit provider=”Hulu” url=”http://www.hulu.com/watch/341182/new-girl-fancyman-part-1#s-p1-so-i0″] We don’t often find ourselves taking money advice from primetime television, but a recent episode of FOX sitcom “New Girl” should be required viewing for anyone looking to buy a new cell phone. In it, Zooey Deschanel’s character, Jess, helps her roommate, Nick, pick out a new cell […]
The Crucial Credit Lesson Everyone Should Learn From ‘The New Girl’
Markets

How To Ramp Up Your Credit Score Even When Your Credit’s In Shambles

[credit provider=”Flickr/usnavy” url=”http://www.flickr.com/photos/usnavy/5866440254/sizes/z/in/photostream/”] This post originally appeared on Go Banking Rates.It’s a lot like being stuck in one big catch-22: Trying to improve poor credit, when you need good credit to improve poor credit, which can prevent you from obtaining good credit, can make for a confusing cycle that’s as utterly dizzying […]
How To Ramp Up Your Credit Score Even When Your Credit’s In Shambles
Markets

AmEx Is Souping Up Its Prepaid Debit Cards To Help Consumers With Thin Credit Files

[credit provider=”Flickr / Images_of_Money” url=”http://www.flickr.com/photos/[email protected]/5856793551/”] American Express is enhacing its prepaid debit cards to encourage consumers to build a financial history with the company. The Make Your Move program incentivizes prepaid customers to use their cards responsibly with higher ATM withdrawals and more cash loading options, among other perks, said VP of […]
AmEx Is Souping Up Its Prepaid Debit Cards To Help Consumers With Thin Credit Files
Markets

INFOGRAPHIC: Credit Myths Busted

We finally got the last word on whether your crummy credit score can hurt your shot at getting a job (hint: it won’t), but that’s not the only credit myth making the rounds among consumers. 
INFOGRAPHIC: Credit Myths Busted
Markets

Barclaycard Aims To Offer Consumers Better Rates And More Transparency

[credit provider=”Barclaycard” url=”http://www.barclaycardring.com/t5/custom/page/page-id/request-invite”] Looks like one bank took notice of consumers’ frustration with high fees and minimal transparency— Barclay’s new Barclaycard Ring Mastercard promises to fix both. Customers will be eligible for profits through the card’s Giveback program, which works similar to how a credit union pays dividends to its members, said Jared Young, senior director of […]
Barclaycard Aims To Offer Consumers Better Rates And More Transparency
Markets

Occupy Wall Street Wants To Reboot Our Credit Reporting System

[credit provider=”Robert Johnson — Business Insider” url=”http://www.businessinsider.com.au/author/robert-johnson”] The Alternative Banking group of Occupy Wall Street is looking to Richard Cordray, director of Consumer Financial Protection Bureau, to revamp our credit scoring system. In a letter sent last week, the group made 10 suggestions for what the CFPB should do as it takes over rule-making […]
Occupy Wall Street Wants To Reboot Our Credit Reporting System
Markets

Can Your Dismal Credit Score Hurt Your Chances At Scoring A Job?

[credit provider=”Flickr/Credit Confidential” url=”http://www.flickr.com/photos/[email protected]/5757699845/sizes/z/in/photostream/”] Credit expert John Ulzheimer took to Credit Sesame’s blog today to debunk one of the most pervasive myths in the credit world: That an applicants’ poor credit score will somehow affect their chances at scoring a job.”I’ve often called the credit score and employment myth the unicorn […]
Can Your Dismal Credit Score Hurt Your Chances At Scoring A Job?
Markets

How Long Does It Take To Bounce Back From Missed Payments?

[credit provider=”Flickr/limaoscarjuliet” url=”http://www.flickr.com/photos/limaoscarjuliet/4148860141/sizes/z/in/photostream/”] Q. I recently checked out my credit report and found a negative item on it regarding two months of late credit card payments. Both were only 30 days late and are now paid in full. Is there any way to get that removed or somehow updated it so […]
How Long Does It Take To Bounce Back From Missed Payments?
Markets

9 Questions To Ask Before Ditching Your Credit Card

[credit provider=”Flickr / theMaykazine” url=”http://www.flickr.com/photos/maykamei/3580763630/in/photostream/”] It’s exhilarating to slip a brand-new credit card into your wallet.You can almost hear the call of the mall or feel the pull of that vacation you’ve been postponing for way too long.
9 Questions To Ask Before Ditching Your Credit Card
Markets

3 Surprisingly Easy Ways To Trash Your Credit

[credit provider=”tgraham / Flickr” url=”http://www.flickr.com/photos/tgraham/1435174966/”] It’s a little scary how important your credit score is these days.Between all the warnings to check your credit reports regularly and how you can’t do this or that without fear of credit score reprisal, it’s easy to get discouraged and just say, “Forget credit scores, I’m […]
3 Surprisingly Easy Ways To Trash Your Credit
Markets

Why Those ‘Free Credit Score’ Sites Keep Popping Up

[credit provider=”Credit Karma” url=”http://www.creditkarma.com/”] In the last few years, several “free credit score” type of companies have emerged, offering a legitimate free credit score without any trial membership games.Two of the most prominent are Credit Karma, which gives you a look at your TransUnion credit score, and Credit Sesame, which […]
Why Those ‘Free Credit Score’ Sites Keep Popping Up
Markets

Got A Minute? Boost Your Credit In Six Easy Steps

[credit provider=”US Navy”] About 1% of the population has perfect credit, meaning a FICO score of 850 on Fair Isaac’s scale of 300 to 850. How they earned those gold stars is no secret. A quick peek into their credit files reveals that these star pupils haven’t got any fancy tricks up […]
Got A Minute? Boost Your Credit In Six Easy Steps
Markets

STOP! Here Are 12 Reasons Not To Cancel That Credit Card

[credit provider=”flickr/reallyboring” url=”http://www.flickr.com/photos/reallyboring/3312072167/”] Unless your idea of “streamlined” finances is having eight credit cards in your wallet (that’s about how many the average card-carrying U.S. citizen hauls around), you’ve probably considered cancelling some of credit cards you don’t use often.Before you dash off “Dear John” letters to your lenders, first make sure […]
STOP! Here Are 12 Reasons Not To Cancel That Credit Card
Markets

DEBUNKED: 8 Common Credit Myths You Need To Drop Already

[credit provider=”Vivian Giang”] Credit may be a big part of most consumers’ lives, but that doesn’t mean everyone fully understands the industry.”For many people, credit is a weird thing,” says Todd Albery, CEO of credit education site Quizzle.com. He believes many consumers are intimidated by the notion that there is […]
DEBUNKED: 8 Common Credit Myths You Need To Drop Already
Markets

Sorry, Suze Orman’s New Prepaid Debit Card Won’t Rescue Your Credit

[credit provider=”TheApprovedCard.com” url=”http://theapprovedcard.com/whychoosetac/saferthancash/”] You’d think Suze Orman would be sceptical of prepaid debit cards given the bad wrap they received at the hands of the Kardashian Kard and Russell Simmons’ Rush Card.But the financial mogul knows a marketing opportunity when she sees one, and there’s never been a better time […]
Sorry, Suze Orman’s New Prepaid Debit Card Won’t Rescue Your Credit
Markets

5 Money Goals You Should Set For Yourself In 2012

[credit provider=”Flickr” url=”http://www.flickr.com/photos/cushinglibrary/3546170168/sizes/z/in/photostream/”] Despite the fact that studies repeatedly show that most New Year’s resolutions fail, Americans continue to set them.TD Ameritrade recently found that 9 in 10 Americans plan to make at least one resolution for 2012. “Have more fun” and “relax and reduce stress” were the most common […]
5 Money Goals You Should Set For Yourself In 2012
Markets

These Are The 5 Best Times To File For A Divorce

[credit provider=”pottedmeatchunks / cake central” url=”http://cakecentral.com/gallery/1242711″] Divorces are difficult for everyone involved – not just the emotional turmoil, but also the financial toll. Thankfully, both ex-partners can take some steps to come out of the proceedings in the best financial situation possible. Much of it depends on timing. I hope […]
These Are The 5 Best Times To File For A Divorce
Markets

Take A Virtual Tour Of The First App That Lets You Check Your Credit Score For Free

[credit provider=”iTunes” url=”http://itunes.apple.com/app/credit-sesame-the-best-way/id476718980?mt=8″] Personal finance wizard Credit Sesame is the first company to launch an app that lets consumers check their credit score every month – for free. In addition to offering gimmick-free finance solutions to members, the company provides bank level financial analyses and savings advice to users without hawking […]
Take A Virtual Tour Of The First App That Lets You Check Your Credit Score For Free
Markets

Credit Agencies Will Snoop Up On You Even More In 2012

[credit provider=”c_neuhaus” url=”http://www.flickr.com/photos/c_neuhaus/4282340665/sizes/m/in/photostream/”] NEW YORK (LowCards.com) — Credit reporting is a booming business. Agencies now sell data about how much you make, how much you owe, even predicting if you will take your medication. Taking care of what your credit report says about you should be a financial resolution for […]
Credit Agencies Will Snoop Up On You Even More In 2012
Markets

Study Says Being Impatient Is Trashing Your Credit Score

[credit provider=”ÏŸnapshot 19″ url=”http://www.flickr.com/photos/stolensnapshot/3611391087/sizes/m/in/photostream/”] Those who exert more patience and are willing to wait for larger financial payouts down the line have credit scores an average of 30 points higher than those who are less patient, according to a study to be published in the Journal of Psychological Science next month.Time […]
Study Says Being Impatient Is Trashing Your Credit Score
Markets

5 ‘Holy Grails’ Of Personal Finance You Need To Stop Worrying About

[credit provider=”Fordan” url=”http://www.flickr.com/photos/fordan/3901897156/sizes/m/in/photostream/”] There was a time when I cared about these things we tend to call holy grails of personal finance.  You know, obsessing about checking your credit score, buying a home – those things that cause you to rack your brain at night if you’re one these personal […]
5 ‘Holy Grails’ Of Personal Finance You Need To Stop Worrying About
Markets

What To Do When Your Credit History Vanishes Down A Black Hole

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Black_Hole_Milkyway.jpg”] While some people might prefer their credit history to disappear, those with a good history want to harness it when they’re ready to borrow. Check out this recent email… Hi Stacy,
What To Do When Your Credit History Vanishes Down A Black Hole
Markets

INFOGRAPHIC: Can Your Email Address Indicate Your Credit Rating?

Credit scores correlate with many things you wouldn’t expect. The other day we wrote about a study that revealed jerks get higher credit scores more than nice guys, we’ve found that those from the Dakotas and Wisconsin tend to earn more points than those in Texas and Nevada. 
INFOGRAPHIC: Can Your Email Address Indicate Your Credit Rating?
Markets

9 Things That Don’t Matter About Credit Scores—And 5 That Do

[credit provider=”Sceenshot/Creditscore.com”] Nearly 1 in 6 people believe race and gender affect their credit score, according to a study published last month.The study by Visa reveals a lot of mistaken assumptions people have about their credit scores. For something that affects our ability to get everything from a home or […]
9 Things That Don’t Matter About Credit Scores—And 5 That Do
Markets

Jerks Get The BEST Credit Scores, Study Finds

[credit provider=”Flickr alb6450″ url=”http://www.flickr.com/photos/albertolina/5245408973/”] Now you can brush off your deadbeat credit score with a simple, “It’s because I’m such a nice guy.” That’s what a researcher at Louisiana State University and his team found in their study published in the Journal of Applied Psychology, which examined the correlation between people’s […]
Jerks Get The BEST Credit Scores, Study Finds
Markets

BEWARE: Credit Card Fraud Will Pound Your Score

[credit provider=”By trawin on Flickr” url=”http://www.flickr.com/photos/trawin/3275241472/sizes/z/in/photostream/”] Always be on the lookout for credit card fraud because if it happens to you, it could really hammer your credit score.Good thieves usually apply for a bunch of other credit cards and loan applications under your name. Each hard inquiry—i.e., pulling your report […]
BEWARE: Credit Card Fraud Will Pound Your Score
Markets

People In This Tiny City Have The Best Credit Scores In America

[credit provider=”Jimmy Emerson / Flickr” url=”http://www.flickr.com/photos/auvet/5867629209/”] Credit scores give a measurement of an individual’s financial health.Higher credit scores enable a consumer to receive the best interest rates on mortgages, loans and credit cards, as well as better financing on larger purchases, such as automobiles. 
People In This Tiny City Have The Best Credit Scores In America
Markets

About Those Credit Cards That Don’t Need A Credit Check

[credit provider=”reallyboring via flickr” url=”http://www.flickr.com/photos/reallyboring/3548185842/”] If you’ve got a history of bad credit – or no credit history at all – finding a loan or qualifying for a credit card can seem like an impossible task.Luckily, several credit card providers offer cards that don’t require a credit check.
About Those Credit Cards That Don’t Need A Credit Check
Markets

BUSTED: The Three Biggest Myths About Credit

[credit provider=”Auzigog” url=”http://www.flickr.com/photos/eyermonkey/2504302335/sizes/m/in/photostream/”] While the difference between a 716 and a 700 may not seem significant, in the eyes of a lender it could be the difference between approval and denial on a credit application. It could also result in a few percentage points difference on an interest rate, which […]
BUSTED: The Three Biggest Myths About Credit
Markets

Here’s How To Take Your Credit Health Off Of Life Support

[credit provider=”Ollie Crafford via flickr” url=”http://www.flickr.com/photos/lollaping/3124101418/”] Think your credit score doesn’t need any work? Think again.If you haven’t checked your credit score lately, you may be among many Americans who lenders are likely to shut the door on if you’re applying for credit.
Here’s How To Take Your Credit Health Off Of Life Support
Markets

Why Does France Have A Higher S&P Rating Than The U.S.?

[credit provider=”malias via flickr” url=”http://www.flickr.com/photos/malias/196366052/sizes/m/in/photostream/”] The decision by credit rating agency Standard & Poor’s to downgrade the United States after markets closed on Friday may have kicked up political consternation and triggered a market plunge, but it also raises important questions about the reliability of credit ratings and, for that […]
Why Does France Have A Higher S&P Rating Than The U.S.?
Markets

Credit Card Profits Rose Despite Federal Regulations

The credit card industry experienced a sizeable increase in net pre-tax profits in 2010, rising to 18.5 billion, up from the previous year’s $13.6 billion, according to a report from the industry analyst firm R.K. Hammer. This increase in profits came despite the predicted and much-heralded declines in revenues.
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