(LoanSafe.org) – With summer 2013 beginning on June 21, credit cards are beginning their season of mass circulation. Summer time is the busiest travel season of the year, which means more money is spent.
(Source: CFPB) – The Federal Trade Commission this week released its latest findings in a ten-year study on the accuracy of credit reports. This report is another reminder of how important it is to review your credit report for inaccuracies. What does this mean to you?
(Source: Loansafe.org) – A recent study conducted by the FTC found that 5% of consumers had errors on at least one of their three credit reports. The three major U.S. credit bureaus include; Equifax, Experian, and Transunion. These errors can lead to serious financial hardships and cause consumers to fail underwriting requirements when looking to […]
(Source: Equifax) – ATLANTA, — The number of consumers with subprime credit scores is shrinking across the country, according to new data from Equifax. The total number of consumers with Equifax credit scores below 620 fell 2.1%, or by about 1 million consumers, in the third quarter of 2012 versus the third quarter of 2011. […]
(Source: FTC) – A Federal Trade Commission study of the U.S. credit reporting industry found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance.
If you are struggling with paying bills and can’t decide if it is a credit risk to default on your rental agreement, you need this information. When you don’t have the funds to afford your rent, it does affect both your short-term credit report and your long-term credit future. All of these effects ride on […]
Are you concerned about your credit rating and unsure if checking it repeatedly will affect your score? You’re not alone. Many people have possibly heard the same things that you have – that repeated credit checks will lower your credit scores. This is true, but do not become a worry wart over your credit and […]
Your FICO score, named after Fair, Isaac and Company (the business that is known for developing the most popular credit scoring equations), is a summary of your credit history. This summary includes reports from the three major reporting bureaus: Equifax, TransUnion, and Experian. Your FICO score indicates to potential lenders how much of a risk […]
If you are looking to secure a loan such as a mortgage from your bank or even begin a new checking account you can be certain that your credit scores will be checked and thoroughly reviewed. Your credit score will indicate to the bank the amount of risk you bring to their company. Think of […]
Are you concerned about your credit rating and unsure if checking it repeatedly will affect your score? You’re not alone. Many people have possibly heard the same things that you have – that repeated credit checks will lower your credit scores. There are two distinct differences in the types of credit checks that will determine […]
Question: I have been searching for apartments and each one is asking for a separate application with a credit check as well. Thus far, I have applied for three and am worried about how this may affect my credit. Will these credit checks lower my credit score? Answer: The answer to that question depends on […]
(Source: Bill Schackner Pittsburgh Post-Gazette (MCT) — Moody’s Investors Service has downgraded the State System of Higher Education’s long-term credit rating, citing challenges from declining enrollment and slumping state support to its limited ability to curb labor costs and its escalating construction debt.
(Source: Patricia Sabatini Pittsburgh Post-Gazette (MCT) — Acknowledging the growing impact that credit histories have on consumers’ financial lives, the Consumer Financial Protection Bureau is stepping in to help people fight problems with their credit reports.
(Source: Wells Fargo) — Consumers’ credit profiles affect their ability to borrow and the interest rates they’ll pay. And, lenders aren’t the only people who use credit scores to make decisions – many insurance companies, cell phone providers and landlords, do, too.
(Source: E. Scott Reckard Los Angeles Times (MCT) — Are Americans falling out of love with their credit cards again?
(Source: Becky Yerak Chicago Tribune (MCT) — Illinois ranks among the 10 worst states in credit conditions.
(Source: Jason Ashley Wright Tulsa World, Okla. (MCT) — Parents just have to teach their kids how to handle them, especially if those kids are college-bound freshman.
(Source: By Andrew Dunn, The Charlotte Observer, N.C. (MCT) – Ongoing job cuts at Bank of America and Wells Fargo are putting pressure on the city of Charlotte’s pristine credit rating, according to a report Monday from Moody’s Investors Service.
(Source: By Gary M. Singer, Sun Sentinel (MCT) – People often ask me what they can do to rebuild their credit and get their financial house in order after the foreclosure or short sale is over. But before you start worrying about your credit score — which just gives you the chance to take on […]
(Source: Mike Wagner and Mark Williams The Columbus Dispatch, Ohio (MCT) — Natalie Roman was an insurance agent’s dream customer, a driver without violations or accidents who hadn’t filed auto-damage claims in more than a decade.