- Average credit card interest rates have increased since last week (12.28% vs. 12.14%), but are still lower than they were six months ago (12.84%). CreditCards.com
- Though credit card delinquencies had fallen in recent months, the S&P predicts credit card delinquency rates could increase again. Analysts blame rising unemployment and bank response to the new credit card rules as the reason for more delinquencies. Reuters
- Car dealers may be secretly checking your credit while you're out test driving a car. They can check your credit report without your social security number, using only the information on your driver's license which you're required to hand over before you're allowed to test drive. ConsumerReports.org
- One borrower sues Wells Fargo after the bank suspended her HELOC based on an incorrect credit report entry. Even though the entry was later removed from the borrower's credit report, Well Fargo never reinstated her line of credit. HousingWire.com
- Consumers continue to borrow less. In July, the about of outstanding debt fell by more than $20 billion. This is the sixth consecutive month that consumer debt has fallen. CNN Money
- Credit card companies are more willing to cut cardholders a break when it comes to paying off their balances. All you need to do is ask and make sure understand any strings attached to the creditor's offer. Washington Post
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