Credit Card Article Archive 2008

Pros and Cons of Teen Credit Cards

By:

Catherine Brock - MortgageLoan.com | May 17, 2008

Teen credit cards may offer convenience, but there are risks involved, too.

Building Credit Without A Credit Card

By:

Catherine Brock - MortgageLoan.com | May 16, 2008

Fair Isaac's FICO Expansion score bridges the gap between lenders and no-credit borrowers by assigning a credit rating to consumers who have little or no credit history.

Four Positive Reasons to Use Credit Cards

By:

Greg Mischio - MortgageLoan.com | May 10, 2008

Conventional financial wisdom says that a credit card, like money, is the root of all evil. However, when used wisely, credit cards can produce a number of surprising benefits.

Credit Cards: When More is Merrier

By:

Greg Mischio - MortgageLoan.com | April 03, 2008

At a time when consumers with credit problems have wreaked havoc on the mortgage industry, it's not surprising to find that many people carry more than one credit card. However, when you consider the advantages, having multiple charge cards makes sense.

Avoid Penalty Points for Missed Payments

By:

Greg Mischio - MortgageLoan.com | April 01, 2008

The fallout from delinquent subprime mortgages continues to illustrate how inter-connected our financial system truly is. Because of a penalty known as "universal default," a late payment on a mortgage can cause the interest rate on your credit card to rise.

Don't Count on Credit Cards for Relief

By:

Greg Mischio - MortgageLoan.com | March 07, 2008

Free market theorists believe that the fallout from the subprime crisis will result in a natural correction: People will curb their spending habits and save money until they're out of the red. But instead of saving, some homeowners are turning to credit cards for relief.

Tapping 401(k) with a Credit Card

By:

Catherine Brock - MortgageLoan.com | March 07, 2008

A financial services company offers an innovative program that streamlines the 401(k) loan, just in case you're hit with a financial emergency.

Bad Credit? Repair It With A Credit Card

By:

Greg Mischio - MortgageLoan.com | February 25, 2008

Do you have bad credit? Imagine that you're a baseball player up at bat. Bad credit is like having two strikes against you. However, you're not out just yet, and there are ways to improve your situation. Instead of swinging a Louisville Slugger, you're going to use a credit card to get yourself out of a jam.

Use Credit Cards for Giving Gifts

By:

Greg Mischio - MortgageLoan.com | February 12, 2008

Next to wrapping paper and ribbon, one of the most important holiday gift-giving tools is a credit card. If you paid cash for gifts during the holiday season, you may now be learning that credit cards would've been a smarter choice. They allow you to make and track purchases with ease-essential requirements if you want to prevent the holiday cheer from turning sour.

Paying Mortgage on Credit Card a Risky Proposition

By:

Catherine Brock - MortgageLoan.com | February 02, 2008

A credit card feature that's designed for convenience could be getting some homeowners into deep financial trouble.

Identity Theft Victims: Use Credit Freeze

By:

Greg Mischio - MortgageLoan.com | January 19, 2008

Identity theft is one of the fastest growing crimes in the world, and the need to protect your personal information is growing more and more critical. It's a hot topic, but a "credit freeze" may provide a cool solution.

2008: The Year of Credit Card Green

By:

Amelia R. Frost - MortgageLoan.com | January 01, 2008

Credit card companies are offering ways for you to donate to environmentally friendly causes and charities.