The newly formed government agency, U.S. Consumer Finance Protection Bureau, reports that the Credit Card Accountability, Responsibility, and Disclosure (CARD)Act has caused the U.S. credit card industry to revise policies while reducing and eliminating some penalty fees. Highlights of the report include: Over-limit fees have all but disappeared. Prior to the CARD Act, 15 percent [...]

**Today’s guest post is contributed by a new-to-credit college student!**. Credit card language is scary for the first-time cardholders like me. Principal? Fixed Rate of Interest? Default rate? Oh my! Yet these mysterious terms can be mastered and the average young person, like myself, can become a king or queen of credit! Or at the [...]

Long after the holidays have passed, you may find yourself paying off credit card debt. The problem with credit card debt is its high expense and making minimum payments can take years to eliminate your credit card balances. Worse, if you lose your job or become ill, it can become impossible to make any payments. [...]