Social Lending

• Should You Consider Social Lending? by Matthew Paulson, American Consumer News.
• Lending Club Review: A Leading Peer To Peer Lending Network by Silicon Valley Blogger, The Digerati Life.

Auto Loans

• Buying A Car? Get Your Financing First by The Smarter Wallet

Credit

• New FICO Credit Scoring System in 2009 by CreditAddict.

Home Loans

• Deciding When to Refinance Your Mortgage by nickel, fivecentnickel.com.

Credit Cards

• A Complete Guide to Credit Card Terminology by CreditShout.
• Continental Finance Mastercard Credit Card Review by Mr.CC, Ask Mr Credit Card’s Blog.
• Bank Cards: Should You Use Them as a Debit or Credit Card? by DJ, The Family Wallet.
• Best Charity Credit Cards by Jim, Blueprint for Financial Prosperity.
• How to Avoid Late Fees on Credit Cards by American Entrepreneurship, American Small Business News.
• Anyone Can Apply For a Business Credit Card by Patrick, Cash Money Life.

Student Loans

• Types of Student Loans in the United States by praveen, My Simple Trading System.

Debt

• 5 Simple Steps To Making Your “Get Out Of Debt” Resolution Stick – Part 3 by Michael Geoffrey, Debt Smackdown.
• How to Tell Your Credit Card Company You Can’t Pay by Credit Card Assist.
• Tips for Negotiating a Credit Card Payoff by Apply4-Credit.
• How to Find the Debt Relief Company That is Right For You by Discover Debt Freedom.
• New Year’s Resolution: Get Out of Debt For Good by Debt Free Destiny.
• Make Your Own Debt Reduction Plan by Destroy Debt.
• Pay Off Debt Or Invest Your Money? by William Blake, Debt Smackdown.

That’s it for this issue of the carnival. Stop by next month for the sixth edition. Interested in participating? Read the submission and hosting guidelines. Did you submit but not see your post? It’s probably because the article wasn’t specifically about credit or debt. We try to include all posts as long as they are on topic. Thanks!

Be sure to check out the dozens of timely blog posts included in the carnival commenting on everything from what credit cards are doing to customer during these weird economic times to digging out of debt.

Credit Cards

Mr. CC can’t believe he fell for it, reminding us all to beware too-good-to-be-true credit card promotions, because there is always an expensive catch. On a similar note, WWS asks are credit cards friend of foe? Jim suggests that local banks may offer no-fee 0% balance transfers, and CreditShout has a roundup of the best gas credit cards.

LAL asks whether credit cards could be the next meltdown, Mickey C. has some helpful tips to not abuse your credit card, and CreditAddict shows us how to evaluate credit card balance transfer offers. (And balance transfer offers are a hot topic: Nickel also steps in with some more 0% balance transfer offers).

Gary Fehdrau presents the 10 Rules Of Credit Cards and Credit Card Assist joins in with 7 credit card rules to live by. The Smarter Wallet asks why not use credit cards to reduce your mortgage?. Finally, Apply 4 Credit asks how much plastic is too much?

Your Credit

Two entries in the credit category this week. Michael Bass ponders a tough question many of use face from time to time: Should you cosign for a friend or family member? Next, Joseph asks are credit reports and scores really free?

Loans and Interest Rates

Don says finding student aid to attend community college was never easy. Now it has become even tougher as major banks and other lenders are cutting back or ending loans to students attending a two year college. Here’s his article on the topic: Big banks ending student loans for community college students.

Debt

Patrick @ Cash Money Life asks should you pay a debt consolidation company? Dave doesn’t think you ever should, and explains why in his post three reasons why you should never use a credit counseling agency. Jeremy Zongker presents 76 ways to save money while saving the environment, and Neko presents 8 great ways to beat holiday debt. Last but not least in the debt category, DebbieDragon presents the article: Drowning in debt? Here’s how to rescue your finances.

Other Personal Finance

On topics not directly related to credit and debt, KCLau investigates if either one of two joint-account holders dies, who gets the money? and Save Money presents 101 ways to magnetize money.

Thanks again to everybody who submitted. The next edition will be published during the week of December 15th at American Consumer News. Submit your articles here.

Credit Cards

Mr. CC presents HHonors Bonus, Arithmetic, and Retention Bonuses | Ask Mr Credit Card’s Blog posted at Ask Mr Credit Card’s Blog.

Dave presents Don’t Use Your American Express at Walmart posted at Cheapo Groovo.

Credit Shout presents a review of the Chase Freedom Credit Card at CreditShout.

MBB presents Review Of The Best Credit Cards posted at Money Blue Book Finance Blog.

Jim presents Best International Credit Card posted at Blueprint for Financial Prosperity.

Your Credit

Sun presents The Secrets of Successful Credit Management posted at The Sun’s Financial Diary.

CreditAddict presents Surviving the Economic Crisis With Your Credit Intact posted at CreditAddict.

Thursday presents The Real Credit Crunch: Is Your Credit Score Suffering? posted at Wealth Junkies.

Silicon Valley Blogger presents Your Free Credit Score: Is There Such A Thing? posted at The Digerati Life.

MoneyNing presents Credit Card Spending Limit, Credit Scores and Conventional Mortgages posted at Personal Finance Blog by Money Ning.

nickel presents Reduced Credit Limits? Share Your Experience posted at fivecentnickel.com.

Loans and Interest Rates

Quimby C presents Two Types of Fees Short Term Loan Borrowers Can Avoid posted at loanfinanceinvest.com.

Beno Varghese presents Fed Holds New Power to Pay Interest on Reserves posted at Beno Varghese dot-com.

Jesse Wojdylo presents Is the Fed Truly Making it Cheaper to Borrow Money? posted at Subprime Blogger.

Khan presents Student Loan Forgiveness posted at Higher Education and Career Blog.

Debt

Michael Bass presents 5 Ways to Escape Credit Card Debt posted at Debt Prison.

Joseph presents “Transforming Debt Into Wealth” by John Cummuta review posted at Penny Pinching.

Thanks to all the maiden participants. When you’re done reading, you can submit an entry to the next carnival on November 3, or volunteer to host a future edition by contacting me!

Credit Cards

Cash Money Life presents a review of the World of WarCraft Platinum Edition Visa Card posted at Cash Money Life. Wow, they really do have a credit card for everybody.

BankAround presents Small Businesses Are Increasingly Using Credit Cards to Cover Expenses , a unique symptom of the tightened credit market. Posted at the BankAround Blog.

Mr Credit Card presents a guide to Cash Back Credit Card Guide posted at Ask Mr Credit Card’s Blog.

Mike Leonard presents Stoozing – Use your credit cards for profit; a risky but potentially rewarding technique. At Until Debt Do Us Part.

Credit Reporting and Scores

Silicon Valley Blogger presents How To Get Free Credit Scores, myFICO Credit Scores On Discount. With so many ways to get your credit score, it’s silly to pay full price for it, if anything at all. Posted at The Digerati Life.

Ben Dinsmore presents How I Remove Late Payments from My Credit Report with a Goodwill Letter; an easy, and very effective way of having late payments removed from your credit reports. Posted at Trees Full of Money.

Moneywalks presents Credit Report and How It All Works posted at moneywalks.

Debt

Weight Ladder / Rich Leverage presents 4 Tips to Getting Bad Debt Under Control posted at Rich Leverage.

Home Loans

Kathy Torline presents What the current lending market means to you as a home buyer or a seller. Important tips for anybody in the market during these tricky times. Posted at Colorado Springs Vintage Homes Blog.

Alexander presents When Should You Buy A House? The Family Edition. Moving into a house of your own really is real estate investment at its most basic. But when should you buy a house? And when is the right time to commit yourself to a mortgage? Posted at Wealth Junkies.

Kirby presents Are you stupid for paying your mortgage?. An interesting question given all that has happened! Posted Kirby on Finance.

Other

Denis Dobrochasov presents Taken for a Ride, a discussion of the dangers of extending a government credit line using taxpayer dollars. At Chasov Blog – Your World Insight.

Dave presents Cheapo Housing at Cheapo Groovo.

Rich Maltzman, PMP presents The WBS: Wall Street’s Breakdown Structure posted at Scope crêpe.

Ella Moss presents The Financial Crisis: Not Over Until It’s Over posted at Zodiac Times.

Sandy Naidu presents Warren Buffet’s Advice — a great list of Buffet quotes. Posted at Future Nest Egg.

Michael Bass presents How to get a cell phone with no i.d., no passport, and no credit card. A great look at prepaid cell phones; an alternative for anybody without a credit card or with poor credit. Posted at Debt Prison.

Joshua Seth presents 5 Steps To Prosper In Hard Economic Times posted at Joshua Seth Blog. The author says: “As I write this article the stock market has seen historic declines, property values are declining, unemployment is on the rise, and inflation is increasing. A lot of people are justifiably worried and glued to the TV news every chance they can get. So what can you do about all this? Actually, quite a lot. You may not be able to change what’s happening in the world, but you can absolutely change how it affects you and actually profit by it in a big way.”

That’s It!

Thanks for reading this edition! Submit your articles for the next edition now!

The Carnival of Consumer Credit will feature the best weekly posts from around the Web about credit cards, credit scoring and reporting, home loans, debt, bankruptcy, and more. Learn more about the carnival here, including how to submit your Web site’s articles or to inquire about hosting future editions of the carnival.