Our credit experts here at CreditBloggers.com are going to be gone until Monday celebrating the Thanksgiving holiday. Although we often like to complain about identity theft, rising interest rates, consumer scams, etc. there are still quite a few things we appreciate in the financial world.
We are thankful that:
- Credit card interest rates in the US are still far lower than in a lot of other countries, especially Brazil.
- HR 3997 hasn’t passed yet, leaving residents of California and other states with their excellent security freeze laws still in tact.
- Consumers are entitled to one free credit report from each of the credit bureaus every year.
- Mortgage rates are well below 7%.
- The the US no longer has the highest rates of consumer debt in the world.
- Consumer awareness of credit reporting and scoring has dramatically increased over the last 10 years.
- FDIC deposit insurance coverage was raised for the first time in 25 years to $250,000 for certain retirement accounts.
- Consumers have the power to remove themselves from pre-approved marketing lists just by calling 1-888-5-OPT-OUT.
- The credit reporting system allows for fresh starts by having negative records expire from credit reports after 7-10 years.
- There are free credit score estimator tools available online.
- John Ulzheimer really likes to talk about credit scores and Randy Johnson really likes to talk about real estate.
What are you thankful for this year? Share your feedback in the comments section below and have a great Thanksgiving!
Credit.com offers straightforward tips and advice to help you make smarter financial decisions. Visit Credit.com to sign up for your FREE Credit Report Card and find out where you stand today!
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