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…

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,…

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,…

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…

How to Remove a Bankruptcy from Your Credit Report

Did you know that more than 500,000 Americans declare bankruptcy each year? While unfortunate, it’s helpful to know that you are not alone when it comes to dealing with a bankruptcy. Even after your bankruptcy is discharged, there is the aftermath to contend with as well; namely, repairing your credit. With so many people experiencing…

How to Remove Credit Inquiries from Your Credit Report

How long do hard inquiries stay on your credit report? Inquiries can stay on your credit report for up to 2 years. Each time an inquiry is made, it is recorded by each of the three credit bureaus – Equifax, Experian, and TransUnion. And each time an inquiry is logged, it can potentially affect your…

How to Remove a Foreclosure from Your Credit Report

Despite reported upswings in the housing market, foreclosures continue to be a huge problem for residents of the US. In March of 2013 alone, 1 in every 859 homes in the US received a foreclosure filing. The RealtyTrac database lists over 1.4 million homes that are currently in foreclosure. That’s well over a million families…