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,…

What Credit Score Do I Need to Qualify for an FHA Loan?

If you’re planning to buy a house, it’s possible that you can qualify for an FHA loan that will put you on the path to home ownership sooner than you think. The current low interest rates are a homebuyer’s dream – and with the housing market far from a full recovery, prices are attractive as…

How Much Will a Bad Credit Score Really Cost You?

More than half of all Americans have subprime credit, meaning the majority of people don’t have access to the best interest rates and loan terms available when they go to borrow money or open up a credit card. Regardless of whether you rely on credit every day or make an attempt to pay cash for…

July 2017: New Credit Scoring Policy to Affect Millions

Beginning on July 1st, the three major credit bureaus, TransUnion, Experian and Equifax, will no longer report tax liens or civil judgments with incomplete information on individuals’ credit reports. These changes, brought on by pressure from consumer advocacy groups and government officials, are designed to improve the accuracy of your credit report and will affect…

Everything You Need to Know About Credit Builder Loans

If you’ve never had any credit before, or are recovering from bad credit, consider taking out a credit builder loan. This type of loan is specifically designed for people who may not qualify for traditional financing, such as a credit card or personal loan. There are a few restrictions that come along with a credit…