Credit

Bank of America will no longer offer Credit Protection Plus or Credit Protection Deluxe for its new customers, according to a story in the Wall Street Journal. The products, designed to help Bank of America’s credit card customers make it through tough financial patches by either lowering or doing away with their monthly minimum payments,

To capture more frequent international travelers, Citi introduced the new Citi Hilton HHonors Reserve Visa Signature credit card. The co-branded card features hotel-stay vouchers and a generous points system for some of the most common purchase categories of a regular traveler.

I increased my credit limit by $1,400 this morning, and it took the better part of one minute. Who knew something so potentially tricky — asking your bank to potentially lend you a substantial sum of money — could be so easy? Well it is. And not only is it easy, it can be very

Americans are terrible with money, says a new infographic that landed in our inbox. About 29 percent of us have less than $1,000 in savings; a staggering 42 percent of us live paycheck to paycheck. But that’s not what interested us about the infographic; what was more interesting is its origins: a Native American-owned loan

Experian, one of the three major U.S. credit bureaus, announced a new scoring model that measures creditworthiness of consumers that have little or no traditional credit history. The product, aimed at underbanked consumers who have driven the rise in prepaid-card usage, includes data from rent payments and public records.

According to a recent survey, Millenials have a tendency toward alternative financial services regardless of their income level. Young people earning less than $25,000 a year use check-cashing services as frequently as those who earn $50,000-$75,00, according to the survey, which, it warrants mentioning, was conducted by a provider of web-based alternative financial tools, Think

The entire credit scoring system hinges upon lenders reporting information on their borrowers to the credit bureaus. But consumers may be happy to know that there are limits to what a a lender can and cannot tell Equifax, Experian or TransUnion. While lenders typically report information regarding an account’s status, its current balance and accompanying

From stockbrokers to tax preparers, more and more seasoned financial professionals are being replaced by software and online tools that can offer the same services and advice through a computer screen at a fraction of the cost. A new tool from one company, SpringCoin, aims to do this in a controversial industry — credit counseling.