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Updated: 2014-12-21
Source: CreditCards.com

Lifting Cuba restrictions means easier credit, debit use

By Martin Merzer
Published: December 19, 2014

Consumers will find it easier to pay for things in Cuba after President Obama lifts restrictions on use of U.S.-issued credit, debit cards there

>> Read Entire Story
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Will making minimum payments damage my credit score? --Consistently making minimum monthly payments on a high balance is a dangerous habit that can damage your credit score if your financial situation worsens... (more)
How minimum payments are applied to small balances --Don't slip up and forget a credit card payment when the balance is almost paid off. A late fee could be larger than your minimum payment... (more)
0-percent balance transfer after debt in collections? Good luck --Balance transfer offers aren't lifelines offered to people with bad credit, they're a deal for those who maintain good credit... (more)
Tick-tock debt: Law gives 30 days to respond to collector --When a debt collector makes first contact, federal law gives you the right to seek verification of the debt and to dispute it -- if you act quickly... (more)
One mistake results in big credit score drop --A single mistake on a card bill caused a huge drop in a customer's score and highlights a credit rule: The bigger the score, the harder the fall... (more)
Speaking of Credit
How many cards is too many? --While there's no right number, a consumer who has spent two years steadily opening new credit accounts should give it a rest ... (more)
Authorized users can't access credit card account information --Authorized users cannot access the individual account information, which can be frustrating if you think you're a joint account holder... (more)
Opening 3 cards at once dings credit score, short-term --Unlike rapid-fire applications for mortgages or car loans, which are bundled into a single credit score hit, each card application counts against you... (more)
Landlords limited in ability to pull tenants' credit reports --Though a tenant has left rent unpaid and thousands in damages, that's not enough to give a landlord the right to pull a credit report... (more)
5 credit don'ts for homebuyers applying for mortgages --When you're about to apply for a mortgage, tread lightly on making changes to your credit. Steps you think should be helpful could derail your loan... (more)