Credit Help Center

Its a new year, and things have been going exceptionally well for me. Strange, right? Not only are people across the United States panicking about high credit card statements, but interest rates on those cards are nearing record highs. 2012 is starting out as the Year of Billy Bad Score.

According to an article on CreditCards.com, credit card interest rates are hovering over 15 percent. Even though the average dipped a couple weeks ago from 15.22 to 15.19 percent, Time reports these numbers to be the highest since September 2011.

Average APRs for other cards have also reached new highs:

• Cash back and rewards 14.9 percent
• Airline 14.5 percent
• Balance transfer 13 percent

Several credit card companies offer low or zero-percent balance transfer APRs on cards to convince consumers to put all of the debt on a single card. When these people cant pay off the balance before the offer expires, theyre left with large balances and higher interest rates. These credit card companies are helping me ruin credit scores in new and inventive ways. Maybe I should thank themnah.

See, these higher interest rates add up quickly. People rack up balances they cant quite afford, and suddenly the minimum payment is only paying off accumulated interest. As the debt builds, so does the likelihood of a late or missed payment. Just one missed or late payment can ruin a good credit score, which is where I come in. With one bad score like me, youll have a harder time being approved for mortgages, auto loans or future credit cards. You might not even be able to buy a new phone or pass a background check.

Unfortunately for me, some consumers are starting to wise up and take control of their credit situation. Those Good Score Guys keep referring people to FreeScore, where they can receive access to all three credit scores and reports. For some reason, consumers feel empowered by knowing their credit scores. And with automatic alerts and 24/7 credit monitoring, they have peace of mind too!  As long as the Good Score Guys have their backs, I can’t prank people and trip them up when they try to use their credit.

Suddenly, thanks to FreeScore, people are finding me lurking in their credit profiles and giving me the boot. Sure I kept them from having some of the good things in life, but theyre the ones who spent all that money without knowing about high credit card rates. Oh well. As long as other people continue to stay in the dark about their credit scores, Ill be able to create mischief. The Year of Billy Bad Score is still on track!

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