Credit card companies love it when you pay them late. They can charge you fees of up to $39 and even double your interest rate for up to a year. But paying your credit card late isn’t just expensive, it will hurt your credit score and influence your future ability to get credit. Fortunately, however, your credit score may not go down every time you pay late. Here’s why. Read More

The new Delta Reserve Credit Card by American Express gives Delta SkyMiles frequent flyers a whole new world of credit card benefits. Read More

CNN reports that consumer borrower fell in August for the first time since 1998. Read More

Congress voted last month to pass the so-called Credit Cardholders’ Bill of Rights. The law would change some arguably deceptive credit card industry tactics in favor of consumers. For example, credit cards could no longer raise interest rates just because you make a late payment on another loan or credit card, and they would have to stop applying payments to balances with the lowest APR first. We think this bill is great–although this Wall Street Journal article raises an interesting argument against the Cardholders’ Bill of Rights. Read More

ArriveFinancial.com is pleased to announce a new blog carnival: The Carnival of Consumer Credit. The first edition of this carnival will be published here at Arrive Financial on Monday, October 20, 2008. Read More