Credit Scores, Credit Cards

By the end of 2003, consumer debt in the U.S. reached $2 trillion. By 2005, the average American may be carrying over $50,000 in consumer debt and that doesn't count mortgages or car loans. It's unsecured debt related to consumer spending. This borrowing is expensive and is fundamentally changing the way Americans live. Credit scores have become the golden keys to successful living. But what does it all mean? How do you know you're managing your credit wisely? In a credit-based economy, your credit score means as much to you as money in the bank meant to your grandparents. This book explains, in plain English, how to make sure your credit history, financial data, account information and other essentials are strong...and safe.

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By Paul (Manchester, CT) · ★★★★☆ · July 23, 2008
It’s no great revelation to say that America has become a credit economy. Credit can bring an upper-class lifestyle to the middle class, and it can be the instrument of a person’s financial downfall.

There are many ways to measure a person’s financial condition, but the benchmark is a FICO (Fair,... ...more