Citi’s ThankYou rewards sharing Facebook app an exercise in frustration

17 Jan 2012 | by Mildred Matthews | No Comments »

With dreams of cruise ships and camping trips in my head, I have tried — mightily — to sign up for and start the new Citi ThankYou rewards Point Sharing app on Facebook.

The new social media program announced Jan. 3, 2012, allows Citi rewards card owners to share their rewards points with their Facebook buddies. Members are supposed to set up so-called “pools” that indicate which reward they are trying to obtain and the number of points needed to redeem it.  The app allows you to get points from friends or send some of your unused rewards points to them to meet their rewards goals.

But due to bugs in the app, privacy concerns and — imagine! — hordes of my Facebook friends aren’t flocking to fling all their Citi rewards in my direction, my net gain has been … Full Post…

Consumer credit, loan delinquencies fall

15 Jan 2012 | by Porfirio Hillman | No Comments »

During the third quarter (Q3) of 2011, consumer delinquencies declined in the majority of loan categories, the American Bankers Association (ABA) said in a recent report.

According to the ABA, delinquencies dropped in seven of eleven credit/loan categories measured. This decline was led by a drop in both direct auto loan delinquencies from 1.23 percent to 1.15 percent and indirect auto loan delinquencies (2.89 percent to 2.60 percent).

“Household debt levels continue to fall and are getting easier to manage,” James Chessen, ABA Chief Economist, said in a statement. “Subtle improvements in the economy such as lower gas prices and a better job market have reduced some of the stresses facing consumers.”

Improvement was also seen in home equity loans, as delinquencies fell to 4.12 percent in Q3 2011 from 4.38 percent the previous quarter. Home eq

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Boost your credit score – Know the necessary steps that you need to follow

11 Jan 2012 | by Admin | No Comments »

Credit score plays a very important role when you want to purchase a new car, get a new credit card or take out a new loan. For this, it is essential that you should have a good credit score. With bad credit score, no lender will agree to approve your loan request. Bad credit score can even prevent a company to hire you because they feel that you do not know how to manage personal finances efficiently. Thus, it is very important that you go for credit repair and take the necessary steps so that you can augment your credit score.

4 Steps to repair your credit score

Go through this article to know about the 4 ways how you can do credit repair and boost your credit score.

1. Know your credit score – The first step that you should take to improve your credit score is to know what your FICO score is. Y Full Post…

What is the best way to prevent credit card theft?

10 Jan 2012 | by Billy Miller | No Comments »

The best way to prevent credit card theft is to be aware at all times. Not only should you know where your credit card is located at all times, you should keep it in a safe place. In order to prevent credit card theft, you should be careful of who you give your information to.

You should never give your credit card information to someone you do not know or trust. You should shred your bank statements or important documents that have your credit card number on it. If you are using your card over the phone or online, you should always protect your card information.

Learn more about your credit card options with the credit card finder today!

Credit card information is also easily obtained at gas stations, restaurants, and even over-the-phone payments.

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