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Tag Archives: credit card act of 2009

Study: Minimum payment warnings prompt some to pay less

Kelly Dilworth

New research suggests that credit card minimum payment warnings could be prompting some consumers to pay less than they would otherwise.
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Confessions of a credit card rate-checker

Kelly Dilworth

If it’s been a while since you applied for your last credit card, you could be in for a shock the next time you start comparing APRs. Average rates on new card offers have ballooned in recent years — rising from an average of 11.54 percent in 2008 to just over 14.98 percent in 2013. And, chances are, they’re just going to keep going up.
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Should college students have easier access to credit?

Kelly Dilworth

Guess who’s less likely to seriously default on a credit card: A 44-year-old who has been handling credit since before Ronald Reagan left office? Or a 19-year-old college student who wasn’t even born until well into the Clinton administration?

Surprisingly, it’s the college-age student, says a new study, calling into question the wisdom of the Credit CARD Act of 2009’s restrictions on granting cards to the younger crowd.

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