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Ask An Expert: What are the credit bureaus?

The credit bureaus are agencies that collect, keep, and maintain consumer’s financial information. They also share and distribute this information in the form of credit reports. There are several credit bureaus or consumer reporting agencies in the U.S., but the most well-known are Equifax, Experian, and TransUnion. These agencies collect and receive information from credit card companies, lenders, collection agencies, and other businesses who have pre-arranged business relations with them. …Read More

Ask An Expert: When is it a good idea to seek a personal loan or balance transfer to take pay off a substantial balance on a credit card?

A: Dear reader, it’s very common for people to seek personal loans or balance transfers to pay off their credit cards when they feel overwhelmed with their debt or when it becomes difficult to make the monthly payments. Whenever you feel like that, it’s a good idea to look for debt repayment strategies immediately. If you are finding yourself in a similar situation, I recommend that before you move your …Read More