CreditCardsCo Blog Author - Scott Townsend

Scott (68 Posts)

Scott Townsend is a financial planner who has shared his time and talents with many individuals as well as organizations. His passion is in teaching others how to manage their finances wisely. He also teaches people how to create wealth and properly prepare for retirement. His knowledge on properly managing debt has helped a lot of people to free themselves from the burdens of credit card debt. Also at: Credit Card News.

Scott Townsend

Experian Hit by Computer Glitch

Experian suffered a major computer glitch last week that continues to affect many HSBC card holders.

Credit Cards and Mortgages

Preparing to buy a new home takes a lot of preparation. Do you know you should be doing even five years before you begin your search for a new home? Your credit card history plays a significant role.

Strange Bedfellows: Uncle Sam and Visa

This year, Americans without access to a traditional checking account now have a new – and affordable – alternative to expensive rapid refund loans. The IRS is announcing a pilot program that allows taxpayers instant access to their income tax refunds.

The CARD Act: One Year Later

Now that the CARD Act is one year old, has anything changed and if so, have the changes been good or bad for consumers? You might be surprised at what we learned.

How Safe are Your Credit Card Numbers?

Online shopping continues to evolve and it’s never been safer. Advances in encryption and new technology ensure your credit card information is never compromised. There are things you can do, too, that will further protect you, your identity and your credit.

5 Questions Concerning Your FICO Score

For most, a FICO score is presumed as a mysterious entity, waiting to pounce upon the aloof or uninformed. Most people remain unawares as to what their FICO grade is, or what factors are participant to its calculation. Upon reading this article, you’ll gain improved insight into the inner workings of a FICO score. And you’ll demystify that which remains with us for the remainder of our natural lives.

Have You Ever Had Your Credit Card Declined?

Have you ever had the unfortunate experience of having your credit card declined while paying for dinner after a day of shopping, or worse, being declined while on vacation in a foreign country? There are several reasons for a credit card to be declined and it isn’t necessarily because you’ve reached your credit limit.

Are Instant Approval Card Applications Really Instant?

There are misconceptions regarding instant approval credit card applications. Advertisements can make you think that you can get a credit card almost as quickly as a pizza man can deliver your order.

Federal Deposit Insurance Corporation (FDIC)

The Federal Deposit Insurance Corporation (FDIC) is an institution created amidst the chaos of the Great Depression following the Glass-Steagall Act in 1933. The primary purpose of the FDIC is to back the deposits held in the major US Banks.

Fair and Free Credit Reporting

According to the Fair and Accurate Credit Transactions (FACT) Act of 2003, all Americans are entitled to one free annual credit report from each of the three major credit bureaus. This means that you can see how you stack up with Equifax, Experian, and TransUnion every year.

New Credit Card Rules Effective August 22, 2010

More new credit card rules from the Federal Reserve mean more new card protections for you. Here are some key changes you should expect from your credit card company beginning on August 22, 2010.

Credit Card Reform 2010

The FED, the Office of Thrift Supervision, and the National Credit Union Administration voted in May 2009 to adopt new changes to credit card policies. These regulations are aimed to work in favor of consumers, protecting them from previously unfair and perhaps unethical practices from credit card companies.

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