The Sun's Financial Diary

Yes, that sounds unbelievable (I thought only payment history, utilization ratio, credit length, etc, determine credit score), but it could actually happen. Watch this video on Good Morning America yesterday first if you missed the show on TV. Kevin Johnson, who, at 29 years old, is the CEO of a PR firm in Atlanta and [...]

When the RevolutionCard was first introduced in September 2007, I took a look at the card’s advertised features, which include PIN based transactions, but didn’t really feel how that measure can prevent fraud. I prefer signing the transaction to using a PIN, even though almost nobody actually checks the signature. Still, I want a *proof* [...]

Yesterday, when I was doing my spending analysis, I noticed that my Chase Freedom Card has already accumulated more than $200 in rewards. I got the card almost two years ago and redeemed my first $250 Freedom cash check in June 2007. As you know, Chase Freedom Card has been one of my favorite since [...]

For those who have followed this site long enough, you know I am a credit card person. Though I have a Bank of America Check Card in my pocket all the time, I only use it to withdraw cash. But I am not paying my purchases with cash, nor with a debit card. I use [...]

Today is the day when federal agencies, including the Federal Reserve, the Office of Thrift Supervision and the National Credit Union Administration, vote on credit card reforms that ban some credit card companies’ aggressive practices. Among the agencies, the  Office of Thrift Supervision was the first to approve the final rules that prohibit savings associations [...]

Credit score is a three–digit number generated on the basis of your credit report. Most of the lenders judge the financial stability of a person through their credit scores. A FICO credit score ranging within 720 to 800 is considered to be a good credit score. A high credit score will help you to avail [...]

I read this Reuters article tonight about new credit card rules that may soon be effective. There aren’t many details, but from what I read, it could be a good news to consumers. According to the article, the Federal Reserve, along with other two federal agencies, will vote next Thursday on new credit card regulations [...]

Following is a guest post from Trisha Wagner. Trisha is a freelance writer for DestroyDebt.com, a debt community featuring debt forums. Trisha writes regularly on the topics of getting out of debt and personal finance. It seems like cash has been resurrected as the premier method of payment on the heels of what is now [...]