Credit
Credit impacts almost everything that you do.
Want to own your own crib some day? A bad credit score will keep you from getting a mortgage with a good interest rate—or any mortgage at all. Want a better job? Plenty of employers won't hire you if your credit is bad.
On this page you will find everything you need to know about credit. What actions usually determine your credit score? How do you start building credit? Or repair it when your credit is already hurt?
Beware of Offers to Improve Your Credit Score
We've all seen ads from companies that want to help you improve your credit score or to repair your credit. And there are scammers who use this type o…
What You Need to Know About the Equifax Data Breach Settlement
Almost two years ago, in September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. Now a recent …
What Is the UltraFICO Credit Score and What Will It Mean to You?
Credit scores are used by lenders to determine if they will give you a loan (auto, mortgage, credit card). Businesses such as insurance and phone comp…
Help Protect Your Identity with a Free Credit Report Freeze
Consumers no longer have to pay to use an important tool to help protect their identity. As of September 21, 2018, freezing your credit report at the …
VantageScore Announces Upcoming Changes. What You Need to Know.
Haven't heard of VantageScore? It is a credit scoring model that was created in 2006 by the big three credit bureaus, Experian, Equifax, and TransUnio…
Experian Fined $3 Million for Deceiving Consumers in Marketing Credit Scores
Credit Reporting Company Misstated How Credit Scores It Sold Were Used
Source: www.consumerfinance.gov
The Consumer Financial Protection Bureau (CFP…
Equifax and TransUnion Fined $23 Million for Misrepresenting Credit Products
Source: www.washingtonpost.com
Two of the nation's largest credit reporting bureaus, TransUnion and Equifax, will together pay more than $23 million …
Millennials: All About (Your) Credit
I'm betting that you know what credit is: an arrangement for you to pay for something at a later date. "Okay, gimme the car today, and I'll pay you la…
Credit Report Errors Can Ding Your Wallet and Life! What to Do
Errors in the information on your credit reports can hurt your financial and personal life. Errors can lower your credit score, resulting in paying hi…
Credit 101
Creditworthiness
Your "creditworthiness" is the single most important factor financial institutions look at when deciding whether to grant you a loan…
Beware of Two Popular Ways to Finance a Home with Poor Credit
Owning a home is the American Dream. In fact, most renters in a recent survey indicated that they'd like to buy a home. But the combination of tighten…
CFPB Orders LendUp to Pay $3.63 Million for Failing to Deliver Promised Benefits
Online Lender Did Not Help Consumers Build Credit or Access Cheaper Loans, As It Claimed
Source: www.consumerfinance.gov
Today the Consumer Financia…
Is Your Subprime Card Hurting You?
Most people who have experienced bad credit can agree that the following information often indicates that there is light at the end of the tunnel.
Buying a Car When You Have Bad Credit
You need a new vehicle, but your credit is spotty or bad. Can you afford to buy a reliable car or truck? Can you get a loan at reasonable rates? Can y…
Do You Know What Makes Up Your Credit Score?
Your credit score has a major impact on many facets of your life. For instance, it shows how "trustworthy" you are to borrowers. Watch this video t…
Being Young; Being Bankrupt!
Are you ever in trouble with money? Ever have the feeling you can't get out of it? Well, you're not alone. Young people born between 1980 and 2000 (Mi…
CFPB Orders CarHop to Pay $6.4 Million Penalty for Jeopardizing Consumers' Credit
"Many consumers went to CarHop because they needed transportation and wanted to build up a good record of paying their bills," said CFPB Director Rich…
Checked Your Credit Report Recently? Four Reasons to Do It Now
The information in your credit report affects many aspects of your financial well-being. It informs your credit score, which affects your ability to b…
What's Your "Credit Score" and How Can It Affect Your Credit?
What is your credit score? And why is it important? In this report, I give you some basic facts about credit scoring that highlight its importance to …
Tips for Improving Your Credit Score
Whether your credit is already good or could use some improvement, managing your personal finances in ways that enhance your creditworthiness is alway…
