Tag Archives: credit card
Imagine that you’re a loan officer at the local bank. Two customers, Mr. Rich and Mr. Buck, come in to borrow money. You check Mr. Rich’s history; he has an excellent credit score, 800. Mr. Buck’s score is an embarrassingly low 300. To whom should you lend money? Mr. Buck’s low credit score indicates that […]
When it comes to credit card debt, younger people are often chided for their ill-advised use of plastic. After all, many may not have had the proper personal finance background when they first got their card. For example, Sallie Mae noted that the average amount of credit card debt for a graduating senior in 2008 […]
The personal finances of both older and younger people in the country may be improving, and those who issue credit cards and insurance policies are taking note. According to recent data from Mintel Comperemedia, the number of credit card offers mailed during the first quarter of 2010 rose 36 percent to 1.2 million offers when […]
One way young people can help establish a personal finance history is through a credit card, although new federal rules may make it more difficult for them to acquire an account. The Credit Card Accountability, Responsibility and Disclosure Act requires that people under 21 find a co-signer for credit card accounts unless the young consumer […]
How long can something stay on your credit report?