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Consumers know all too well that going over their credit limit can mean a nasty fee, a higher interest rate and maybe even a lower credit score.

LHS senior scores perfect ACT score (Flower Mound Leader)
Perhaps it was the lack of pressure Emily White faced when she took the ACT test last year that led to her acing it. Or, maybe she’s just that smart. White, a senior at Lewisville High School, is still in disbelief after learning in August she recorded a perfect score of 36 on the ACT test in June.

CORRECTED: Credit card insiders tell of deceptive practices (Reuters via Yahoo! News)
Two former employees of credit card issuer MBNA, now owned by Bank of America, said on Wednesday they were forced to use aggressive and deceptive practices with customers in order to boost revenues.

Weigh impact before canceling card (Bankrate.com via Yahoo! Finance)
Canceling a credit card account may make sense, but it can temporarily hurt your FICO score, says Dr. Don Taylor.