Fair Credit Reporting Act Explained

The Fair Credit Reporting Act (FCRA) is a federal law that was passed in 1970 to regulate the rights of consumers and the manner in which their information is used by banks and other entities. One of the primary purposes of the FCRA is to give consumers the right to know the information listed in…

How to Get a Loan with Bad Credit

Everyone needs extra money from time to time, and there is no exception to this fact when you have bad credit. Unfortunately, your options become limited with a low credit score, making it difficult to get a loan even in the case of a financial emergency. Whether you’re wondering how to get a car loan…

What Is the Fair and Accurate Credit Transactions Act

Back in the early 2000s, identity theft was just becoming an issue. By no means was it rampant just then, but those who knew how to read the signs could foresee what was coming. They were right. In 2016, 15.4 million U.S. citizens had $16 billion stolen from them. Right now it is estimated that…

How to Remove a Charge Off from Your Credit Report

What is a charge-off? A charge-off occurs when you are seriously delinquent in paying an account. Typically, an item is only listed as a charge-off on a credit report once it’s over 180 days late. In simple terms, when one occurs, your creditor lists the account as not being collectible. Creditors list bad debts owed…

Equifax Data Breach of 143 Million People: What It Means For You

Millions of Americans have had personal and financial information stolen in an incredibly large security breach at Equifax, one of the three major credit bureaus. Cybercriminals may have accessed information for as many as 143 million consumers in the U.S., including their social security numbers, names, birthdates, and addresses. A smaller percentage of those individuals…

What Is the Fair Credit Billing Act?

Have you ever received a bill from a creditor that contained errors? Did the merchant charge your card twice? Does your billing statement contain charges for items that were returned? Or maybe you’ve been assessed fees for late payments even though you’ve always paid on time. These are a few examples of common billing errors…

MyFICO Review for 2017

MyFICO is the consumer division of FICO and is one of the leaders in detailing and scoring credit risks for home purchases, bank loans, credit cards, automobile loans, and retail. Even if you’ve never heard of FICO, they’ve likely heard of you and are one of the main companies that analyze consumer credit information into…

How to Dispute an Error on Your Credit Report

Your credit reports contain information about where you live, how you pay your bills, and any public records that you may have. Credit bureaus sell your report to creditors, insurers, employers, landlords and anyone else who will pay for it. They use this information to evaluate what kind of risk you will be for credit,…

Credit.com Review

Credit.com offers free credit scores as well as paid services surrounding credit advice. The website offers helpful tools, most of which are free. Keep reading to find out if they’re actually what you need to track and fix your own credit. Is Credit.com really free? If you’re in search of a free educational credit score,…

What Is a Fraud Alert?

Identity theft has always been around in some form or fashion, but it’s now easier than ever because of modern technology. Before you only had to worry about sensitive information being stolen from your wallet, garbage can, or mailbox. Now, however, you have to deal with criminals trying to access information from your smartphone, laptop,…