CreditCardsCo Blog Topic - ' Report & Score'
Long Overdue: Credit Bureau Overhauls
A new FTC and CFPB report reveals it’s time for an overhaul in American credit bureaus.
Your Credit: What’s Legal, What’s Not & Other Tips
With so many government agencies, new and updated laws and compliance considerations, and a host of other financial dynamics, it can be difficult for consumers to understand their rights and where to turn for help.
Medical Bills and Your Credit
We first heard about the Medical Debt Responsibility Act a few years ago. Now, it’s once again in the spotlight and if it’s passed, it can greatly affect millions of consumers and their credit reports.
Does A “Credit Record Underclass” Exist?
The misuse of credit reports continues in the U.S. Just how far it goes remains to be seen, though credit histories continue to be considered by hiring managers and credit card companies.
Dispelling Credit Card and Credit Score Myths
Your efforts of protecting your financial history might not be as strong as you think. Here are a few things to keep in mind.
Credit Cards and Mortgages
Preparing to buy a new home takes a lot of preparation. Do you know you should be doing even five years before you begin your search for a new home? Your credit card history plays a significant role.
More Than Your Credit Score
These days, credit card companies are looking at much more than your credit score when deciding whether to extend credit or issue a new credit card. Turns out, there are a few scores that are factored in.
5 Questions Concerning Your FICO Score
For most, a FICO score is presumed as a mysterious entity, waiting to pounce upon the aloof or uninformed. Most people remain unawares as to what their FICO grade is, or what factors are participant to its calculation. Upon reading this article, you’ll gain improved insight into the inner workings of a FICO score. And you’ll demystify that which remains with us for the remainder of our natural lives.
What is a Fraud Alert?
A fraud alert is a by-product of Fair and Accurate Credit Transactions Act of 2003. It is one of the provisions of the act designed to reduce and curb the incidence of identity theft and misappropriation of information.
Fair and Free Credit Reporting
According to the Fair and Accurate Credit Transactions (FACT) Act of 2003, all Americans are entitled to one free annual credit report from each of the three major credit bureaus. This means that you can see how you stack up with Equifax, Experian, and TransUnion every year.
Build Credit History With The Public Savings Bank Secured Visa
The article describes how the Public Savings Bank Secured Visa can help people with problem credit rebuild their credit history.
Shutting Down a Credit Line Can Damage Your Score
If your credit card company tries to stick you with extra charges, your first instinct may be to close out your account. This isn’t always the best idea. Continue reading to find out how shutting down your card could end up hurting your FICO score.