Cards help your credit score
As politicians struggle to patch up the nation’s ailing financial system, credit the grease that keeps the global economic machine running has been drying up to a dangerous extent. Over the past two weeks, many banks have ceased lending money to one another or to corporate clients that need loans to cover their cash flow.
Lenders Lower Credit-Card Limits (WallStreet Journal via Yahoo! Finance)
It’s not just your portfolio that may be shrinking during these turbulent times. The spending limit on your credit card may be heading south as well.
Credit: Know your limits (CNN Money)
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.
Some chuck credit cards to avoid late fees (Connecticut Post)
NEW YORK — Here’s one way to dodge credit card debt and late fees: Don’t carry any plastic. “People look at me like I’m an anomaly. But guess what? It’s a whole lot easier when you’re not juggling
