Marketplace Money for April 18-19, 2009

Episode Description 

Your credit stories

To conclude our credit-focused episode, listeners offer some thoughts and anecdotes about their experiences with credit cards and the hard lessons they've learned in the process.
Posted In: Economy

Counseling down credit debt

Banks are reporting better-than-expected earnings this week, but experts say the next problem might involve credit card defaults. Tess Vigeland talks to credit counseler Gail Cunningham about helping consumers work through their debt.
Posted In: Economy, Investing

Straight Story

Credit isn't always a bad thing, especially if you're careful and focus on saving when times are good. Economics editor Chris Farrell discusses the pros and cons of credit.

Keeping ID thieves at bay

Identity theft can be both frustrating and costly for the victims. Reporter Stacey Vanek-Smith visits one couple who is still trying to put their credit back together after eight years of identity theft.
Posted In: Economy

In search of the perfect score

Most Americans have a credit score above 660, but how many have a perfect score? Reporter Rico Gagliano finds out how difficult it is to get a perfect 850.
Posted In: Economy, Investing, Savings

Getting Personal

Tess Vigeland and Chris Farrell answer listeners' pressing questions about using a home equity line of credit as an emergency reserve and closing a high balance credit card.

Ditching FICO isn't the answer

Is the FICO credit scoring system fair? MSN personal finance columnist Liz Pulliam Weston says the FICO system might be flawed, but it's better than the old way.
Posted In: Economy, Investing

The power of FICO

Even the smallest change to your FICO score can affect many aspects of your financial life. Janet Babin reports on how a minor credit score drop affected the Diebel family from Winter Park, Fla.
Posted In: Housing, Investing

Autos spurred the credit boom

Americans haven't always had a love affair with borrowing and credit. Stephen Smith reports on how General Motors and the automobile paved the way for consumer credit nearly a century ago.
Posted In: Economy, Investing

Are college students credit-conscious?

College is the place most people first experience using credit. As part of the series Road To Ruin, Tess Vigeland asks students at Washington University in St. Louis, Mo. about their credit knowledge.
Posted In: Education

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