NerdWallet Helps Consumers Apply for Credit with More Confidence
Posted by | Posted in Credit Repair | Posted on 26-08-2010
As the economy slowly recovers from the recession, Americans are hesitant to approach credit card issuers with open arms. While the Credit CARD Act is aimed toward providing consumers with more protection and transparency, it has yet to inspire consumer trust in the companies that previously caused debt and credit score damage for consumers.
NerdWallet.com, a credit card consumer advocate site, has developed a new program to mend the fences between Americans and credit card issuers. The New York Times reports that the site is offering consumers a filter through which to search for an appropriate credit card. NerdWallet will allow visitors to compare over 400 cards to determine which one best fits their financial situation.
“We make an honest-to-goodness effort to list every credit card,” NerdWallet founder Tim Chen told the Times.
By offering more non-sponsored cards, Chen said he hopes the site can list cards with better interest rates and rewards programs for consumers.
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