Home > Personal Finance > Credit.com in the News 7/22/12

Comments 0 Comments
Advertiser Disclosure


This week the experts from Credit.com contributed to a wide range of publications on subjects including swipe fees, identity theft, credit card use while traveling and whether layaway is smart. Check out the hits…

Credit.com chairman and co-founder, Adam Levin was on CBS Evening News discussing the hot topic of credit card swipe fees with Elaine Quijano. Banks and credit card companies are to pay a $7 billion settlement to retailers that claim they fixed their “swipe fees” to drive up cost. Adam points out the ubiquity of these fees are and how consumers are mostly blind to them. To check out the full video, click here@Adam_K_Levin @elaine _quijano

Adam discuss some of the modern problems we come across that with social media and financial security with WTOP. From posting seemingly harmless vacation pictures on Facebook to putting your credit card number on Twitter, Adam warns against over sharing. You can listen to the show here. @dsotisWTOP

[Free Resource: Check your credit score and report card for free before applying for a credit card]

Free Tool: Credit Report CardOur resident credit card guru, Gerri Detweiler was on Fox Business explaining some of the nuances of card use that can come in handy for consumers. Gerri explains when it’s best to use credit or debit for purchases, whether it’s while you’re traveling, filling up on gas or shopping online. Check out the full video here. @GerriDetweiler @FoxBusiness

Gerri also spoke to WTOP and this time about how to get a truly free credit report and score. She emphasizes the importance of being familiar with your credit report, checking for errors and correcting misinformation. You can listen to the show here. @WTOP

Gerri points out common mistakes that consumers make that end up hurting their credit scores on Blog Talk Radio. She explains that with so many components that affect credit scores it’s good to know what creditors are looking for. You can listen to the show here. @blogtalkradio

[Credit Cards: Research and compare credit cards at Credit.com]

Sears has a new vacation program that allows its customers to put vacation on layaway. Gerri, always airing on the side of safety, endorses the plan, noting that it’s better to have a trip paid for than having a stack of bills when you get back. However she does caution against overspending and leaving some cash available in case of an emergency.You can read the story here. @itravelertimes

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

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.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

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.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team