Joshua Heckathorn

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Joshua Heckathorn

Joshua Heckathorn was President of Creditnet, is a credit expert and has been featured on CNNMoney, FOX Business, Yahoo Finance, The Street, and many other national publications during the past ten years.  He received a Bachelor of Science in Management (Finance) from Brigham Young University's Marriott School of Business and earned his MBA from Seattle University.

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Recent Blogs

Ask Creditnet: Is My Credit Card Reporting Correctly?

[caption id="attachment_1773" align="alignleft" width="300" caption=" "]Ask Creditnet: Credit Card Advice from Industry Experts[/caption]

Dear Creditnet: I'm a cosigner on my son's credit card. I know, that may have been a mistake in the first place.

Recently, I pulled my credit report and found out that the account was maxed out, closed in March of last year, and then reported late for six months before he started making payments again. The account status is currently listed as "Pays As Agreed."

Ask Creditnet: Must My Son Relinquish His Credit Card?

 Dear Creditnet: My son has had his own credit card since his 18th birthday. He is a now a 20-year-old college student, has never carried a balance, and uses his credit sparingly. We taught him well. Under the new credit card laws, will he be required to relinquish his credit card because he will not be 21 until 2011? Answer: It's always nice to find a parent that actually understands the value in teaching their children how to responsibly manage credit from a young age. Unfortunately, parents like you are few and far between. Believe me, your son has an enormous head start on most of his college-age peers.

MasterCard's inControl: Would You Use it?

These are strange economic times we live in. I've heard others refer to it as the "new abnormal", alluding to the fact that their guess about where our economy's headed is basically as good as anyone's. And I have to agree—nothing seems to make sense anymore. People are walking away from their homes yet still vacationing and buying up the latest expensive Apple gadgets. Unemployment continues to hover around ten percent, yet I can't ever find a parking spot at the local mall. And the stock market...well, it's all over the place. Absolutely nuts! Federal Reserve Chairman, Ben Bernanke, may have said it best when he declared in July that our economic outlook is "unusually uncertain." Way to go out on a limb there Mr. Bernanke.  I don't know about you, but I've felt unusually uncertain for almost two years now.

AMEX Reigns Again in Customer Satisfaction

 For the fourth year in a row, American Express has topped the charts in the 2010 J.D. Power and Associates U.S. Credit Card Satisfaction Study. Released last week, the study indicates that AmEx received a customer service ranking of 769 on a 1,000 point scale, which was 12 points higher than the runner up—Discover Card. In addition, AmEx was the only credit issuer to receive five out of five J.D. Power.com Power Circles. Bringing up the rear for the ten major credit issuers analyzed in the study was HSBC, which received a ranking a 686 and just two out of five power circles.

Third Phase of Credit CARD Act Finally Arrives

[caption id="attachment_1624" align="alignleft" width="243" caption=" "]Photo by Andres Rueda[/caption]

Has it not felt like an eternity since President Obama first signed the Credit CARD Act into law? Here we are almost 15 months after the stroke of his pen, and we're still waiting for the final round of new credit card rules to take effect.

Fortunately, we don't have to wait much longer. Beginning August 22nd, here are five of the final key changes you should expect to see from your credit card companies:

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