Help! They Closed My Credit Card Account

Credit Cards

Help! They Closed My Credit Card Account

Help! They Closed My Credit Card Account

[Disclosure: Cards from our partners are mentioned below.] The experts at Credit.com recently received this email from a reader who experienced several unpleasant — and confusing — credit surprises. Here, we help unravel the mystery of the closed credit account and the shrinking credit score: My husband and I short sold a rental home about... Read More

Is Being Debt-Free Always a Good Thing?

Credit Score

Is Being Debt-Free Always a Good Thing?

Is Being Debt-Free Always a Good Thing?

Is being debt-free always a good thing? Seems like a silly question. Kind of like asking if being healthy is a good thing. Living without a lot of unmanageable debt is obviously a great financial position to be in, but we get a number of blog comments from readers who think that credit scores punish people who... Read More

Are No-Limit Credit Cards Bad for Your Credit?

Credit Score

Are No-Limit Credit Cards Bad for Your Credit?

Are No-Limit Credit Cards Bad for Your Credit?

While you may not have heard of “no preset spending limit” (NPSL) cards, you may be carrying one right now if you have a VISA Signature or World MasterCard. NPSL cards were introduced a few years ago to provide consumers with a single “hybrid” card that combines the features of a credit card (where you... Read More

How Do Student Loans Impact Your Credit?

Student Loans

How Do Student Loans Impact Your Credit?

How Do Student Loans Impact Your Credit?

For many young people, obtaining credit can be difficult, particularly since the Credit CARD Act of 2009 reined in many of the marketing efforts directed at students by credit card issuers. Yet one of the often-overlooked positive aspects of those “good old days” (for card issuers) was that those credit cards helped develop some first-time... Read More

Can a Loan Really Rebuild Your Credit Score?

Personal Loans

Can a Loan Really Rebuild Your Credit Score?

Can a Loan Really Rebuild Your Credit Score?

What is a rebuilder loan?  No, it’s not a construction loan. Or then again, maybe it is, as in “re-constructing” your credit. Many consumers find themselves at the stage where they are coming out of a period of unmanageable debt, now have their finances under control, and want to prepare for the future when credit... Read More

Show Me More by Barry Paperno

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The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

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Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

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- The Credit.com Editorial Team