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Michigan Schools, Alumni Groups Make $2.7 Million From Credit Cards

(Source: The Detroit Press BY DAVID JESSE) – Michigan universities and alumni associations that offer branded credit cards made $2.7 million in commissions and royalties last year, according to a first-ever Federal Reserve report required by new laws that regulate [...]


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How to Protect Your Credit During Divorce

(Source: Fox Business) – Confucius say: Beware scorned spouse with shared credit.


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Six Ways to Ditch Credit Card Debt

(Source: Fox Business By Dawn Papandrea) – Are you facing monstrous credit card balances? Unfortunately, there is no quick-fix solution to get out of debt, despite what solicitors or infomercials might have you believe.


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Banks Seeing Profits, Dodd-Frank Under Fire, AmEx and Facebook Partnership

(Source: Forbes) – Default rates fell again in June and credit card companies are getting a boost to their bottom line. Bank of America, Chase and Discover showed significant improvement in defaults. Cardholders are also using their credit cards more. [...]


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Sallie Mae’s Profit Exceeds Estimates as Student Loan Originations Rise

(Source: Bloomberg By Sarah Mulholland) – SLM Corp. (SLM), the student lender known as Sallie Mae, reported earnings that exceeded estimates as it increased loan originations and delinquencies declined.


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Buyers Denied Loans to Get Free Credit Scores

(Source: Bloomberg By Ryan Mac) – U.S. consumers denied a credit card or auto loan will be entitled to free copies of their credit scores starting today.


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A Bad Credit Score Doesn’t Guarantee Landlord Denial

(Source: New York 1 By: Jill Urban) – During the past few years, the real estate market was weaker and landlords were willing to be more forgiving.


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Free Credit Scores Coming to Prospective Borrowers

(Source: New York Times By TARA SIEGEL BERNARD) – Starting later this month, if you’re denied for a loan or don’t qualify for the best interest rate, the lender must send you a free copy of the credit score it [...]


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How To Deal With Credit Card Offers

(Source: Gather) – The vast majority of us would rather not be without our credit cards. It is not so much that they are difficult to acquire any more, but they used to be and we still feel pleased about [...]


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Why You Should Never, Ever Cosign a Loan for Anyone

(Source: The Atlantic) – I mentioned in my last post that cosigning loans is risky.  How risky?  According to the FTC, depending on the type of the loan, as many as three out of four primary borrowers default on their [...]


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Banks Requiring Much Higher Credit Score Numbers Than in the Past for Loans

(Source: New York Daily News BY Phyllis Furman) – A three-digit number could determine where your child goes to college, where you will live and how much interest you will pay on your credit card.


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Why are Credit Scores Such a Mystery?

(Source: Fox Business News) – Do you know how your credit score is calculated?


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