Congress is considering two bills that would restrict the fees and penalties credit card companies can charge consumers.

The House bill, authored by New York Democrat Carolyn Maloney, was approved by the House Financial Services Committee on Wednesday. It now  goes to the House floor for debate.
The Senate bill, regarded as one with tougher terms, was written by […]

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Teens are experts at spending money, but far fewer apparently know how to manage it. Blame it on their parents. According to a survey by Charles Schwab & Co., most parents admit they could do a better job teaching their kids about money management. Only a third have taught their teens how to balance a […]

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Getting a credit card is a major rite of passage. But many parents wonder whether their teens are ready for the very adult rights and responsibilities that come with the card.
There are significant pros and cons to consider, from safety and convenience to the potential to create long-term credit problems. Just don’t think too long. […]

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Plenty of grown children worry about their parents’ debts, especially if they think they may have to pay it. One reader, for instance, said she only discovered her mother had unpaid credit cards after she died. “She owned a house, where two of my siblings are now living, but that was her only asset. Are […]

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AnnualCreditReport.com offers free credit reports.
For more credit information:

Equifax: 1-800-525-6285
Experian: 1-888-397-3742
TransUnion: 1-800-680-7289

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