Credit Repair Blog 
The Credit Crunch and the Average American
The New York Times had a recent article about how credit card companies are passing their costs of lending on to consumers (no surprise there). Some of the interesting items from the article include:
- Subprime, or bad credit consumers are not the only ones getting hit. American Express (who typically issues credit cards to consumers and businesses with good credit) is raising their interest rates by several percentage points.
- Credit card issuers are scaling back their reward programs.
- Promotional offers (like 6 months at zero interest) are being cut or eliminated.
- (This is a good one from our perspective!) Credit card companies are cutting back on their mailings. Have you noticed that your mailbox includes fewer offers for credit cards?
The bottom line is that the credit crunch of 2008 is affecting Americans of all walks of life. Tighten your belts. Raise your credit scores. Do what ever you can to save money on credit!
Recent Credit Blog Posts
- Do “Credit Builder” Features Work?
- Credit Repair Companies Fined in Louisiana
- A Quick Check To See How Credit Reform Is Going
- Credit Card Issuers Get Tighter—Advanta To Yank Future Use of Some Business Cards
- Credit Card Rights: Disputing Credit Card Billing Errors
Featured Credit Articles
- Credit Monitoring Reports: What Are They?
- Been Denied Credit? Here’s What To Do
- 7 Ways You Can Get a (Truly!) Free Credit Report
- The Experian Credit Bureau—What You Need To Know About Them
- Debt Collector Tactics—What to Expect (Dealing With Debt Collectors Tip #2)
Easy Credit
Good credit scores save you thousands of dollars. We've made it easy for you to learn about good credit. Download our free Easy Credit Guide and find out how easy it can be to get good credit!
DownloadGet Our Credit Tips
Serious about improving your credit and saving money? Make it easy for yourself, and get our weekly Credit Tips newsletter delivered by email.
Free Credit Reports
(Plus Scores!)
To improve your credit score, you need to know your credit score. Get all three credit reports (plus credit scores) in this free offer.
Get it NowCredit Success Stories
“The credit repair company you matched me with was amazing. I had a string of inaccurate information hit my credit report that misrepresented my character and borrowing capacity to lenders. My business requires that I have borrowing capacity at all times. Thinking I could save time and money, I tried dealing directly with the vendors that incorrectly reported information to my file. What a mistake! It just wasted time and aggravated me. I called your company and quickly learned that paying the professionals is the best way to go. You did in 10-days what I couldn't do in nearly three months. I cannot thank you enough for what you have done!”Read More