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Credit card reform might affect your wallet
Feb 20th, 2010 - Washington Post
here is a breakdown of the reforms and how they might affect your wallet: -- they prohibit universal default consumers had long complained about credit card companies raising the interest rates on one card for being late or missing a payment
Credit-Card Fees: the New Traps
Feb 19th, 2010 - Wall Street Journal
a new federal credit-card law that takes effect monday could erase billions of dollars a year in fees and interest charges paid by consumers. but card issuers are already deploying new tactics that could prove costly for even the most cautious
Credit card interest rates 'at new high'
Feb 16th, 2010 - BBC NEWS
many people have been paying off credit card debts interest rates on credit cards are at their highest level for 12 years, according to research by moneyfacts. the financial information service said that the average rate has risen steadily to 18.8
LA Mayor Tells Council to Cut Budget to Protect Credit Rating
Feb 10th, 2010 - BusinessWeek
feb. 9 (bloomberg) -- los angeles mayor antonio villaraigosa told the city council today to bridge a $212 million budget deficit or risk a downgrade to the credit rating of the second-most populous u.s. city, his spokeswoman said. the mayor’s two
S&P concerned BofA credit losses may stay high
Feb 9th, 2010 - Reuters
new york (reuters) - bank of america's credit losses may remain at high levels for the rest of this year, warned credit rating agency standard & poor's on tuesday. hot stocks | crisis in credit the agency also remains "unconvinced" of a turn

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Credit Rating videos from YouTube:

1:19
3 Ways to Improve Any Credit Score
Trying to increase your credit score? Here are the 3 best ways to improve any credit score.
1:33
Why Your Credit Score May Drop Soon
New banking decisions in the midst of a recession mean even responsible borrows may see their credit scores drop.
5:04
Will Credit Raters Dodge Change...Again?
Although the nations largest credit rating companies are blamed for underestimating much of the risk that led to the financial crisis, so far they have dodged any significant consequences. Investors lost billions of dollars on bonds awarded top ratings by Moodys ...

Credit Rating from WikiPedia:

A credit rating estimates the credit worthiness of an individual, corporation, or even a country. It is an evaluation made by credit bureaus of a borrower's overall credit history. A credit rating is also known as an evaluation of a potential borrower's ability to repay debt, prepared by a credit bureau at the request of the lender (Black's Law Dictionary). Credit ratings are calculated from financial history and current assets and liabilities. Typically, a credit rating tells a lender or investor the probability of the subject being able to pay back a loan. However, in recent years, credit ratings have also been used to adjust insurance premiums, determine employment eligibility, and establish the amount of a utility or leasing deposit.

A poor credit rating indicates a high risk of defaulting on a loan, and thus leads to high interest rates, or the refusal of a loan by the creditor.