Sub-Topics 2005 2006 News Lenders Look Beyond Credit Scores (Time.com) "Lenders are rethinking their reliance on credit scores. In the past year, an increasing number of banks have begun turning to court documents, phone bills and other nontraditional ways of measuring creditworthiness to bolster their lending decisions." 01-09 Papers Anti-Consumer Practices of Credit Card Companies (Consumer-Action.org) "National advocates working closely to end abusive and anti-consumer practices by the credit card industry today reacted to the release of a long-awaited GAO report documenting credit card fees, interest rates and disclosure practices from the six largest credit card issuers. According to Consumer Action, the Consumer Federation of America (CFA), Consumers Union and U.S. Public Interest Research Group (PIRG), the report points out the need for simplified pricing that consumers can better understand, and the importance of prohibiting abusive credit card pricing practices (such as two cycle billing, residual or 'trailing interest' and 'universal default.')" 01-08 Credit Cards - Comparison (Bankrate.com) Compares credit card interest rates. 8-05 Credit Cards - Comparison (CardRatings.com) Compares credit card interest rates. 8-05 Orman: Pay off Credit Card Debt First (MSNBC News) "The best way to insulate yourself is to get out of credit card debt once and for all. If you pay off your balance, you don’t have to worry about the interest rate on your card. If you pay off your bal­ance, you are less likely to have your credit card limit reduced; and even if it is reduced, it will not have a negative impact on your FICO score." 01-09 Things That, Surprisingly, Don't Hurt Your Credit Score (Time.com) "Paperno says many people are surprised when they find out their salary doesn’t directly impact their score. They’ll get a job and expect to see their credit score rise. When it doesn’t, they’re disappointed. Of course, the advantage here is that if your income drops, the scoring formula doesn’t penalize you." "Being laid off doesn’t mean your credit score will go down. Many people who lose their jobs do take a hit to their credit, but this comes from falling behind on payments, not the job loss itself. Even if you’re receiving unemployment benefits, as long as you manage to get your bills paid on time, your score is safe." 12-11

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