Category: Credit cards
What to do with unused credit accounts
This article at Motley Fool offers advice about what to do if you have credit accounts that you no longer use. As with so much else related to personal credit, the best choice is counter-intuitive: it's probably best for your credit record if you leave them open, but unused. Read the article for the specifics.
Marketing credit cards to students
According to this article, the Washington state legislature is considering a bill that would restrict the marketing of credit cards to students at state universities.
I agree that aggressive credit card marketing--not just to college students--is a problem, but I'm not so sure that restricting the marketing is the right solution. If we're going to talk about regulating credit card companies, I would like to see more attention given to interest rate caps and restriction of policies that result in higher fees and raised interest rates.