9 best credit-related posts from this week
Last week, I posted my favorite credit card posts from the blogosphere. It got a great response, so I’ve decided to do a weekly roundup in the same format. Here are the best I found this week.
1) Kacie from Sense to Save has found a good reason to not cancel all her credit cards: She can’t rent a car without one.
2) Blueprint for Financial Prosperity writes about a great way to cut back on spending: Write your goals on your credit card. It will remind you of your goals and can be a good conversation starter. (found this via Trent at The Simple Dollar).
3) Consumer Reports discusses the pros and cons of using a credit card to finance a new business.
4) The Consumerist highlights the dangers of going over your credit limit. These days, if you hit your credit limit, your card isn’t always declined. The credit card companies will let you go over, but not without hefty fees and a higher interest rate (not to mention a possible slap to your credit score).
5) BigSnit.com gives consumers the heads-up about a new online security mechanism MasterCard and HSBC are using. It is meant to add extra protection to online purchases, but can easily be mistaken for a phishing attempt.
6) A post on WiseBread discusses how bank fees are rising, which greatly affects credit and debit cardholders. A solution given is to look into Internet banks, which have lower overhead fees and thus charge less in fees.
7) Single Guy Money compares his credit scores between several months and across the three bureaus, showing how your score can vary through time and depending on which bureau you use.
8) My Two Dollars discusses the difficult decision of whether a parent should co-sign on a credit card for their college student. We recently ran a similar column, though it addresses whether parents should co-sign on a loan.