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Tag Archives: Credit Reports

Is Credit Repair Worthwhile or Worthless?

Credit repair signs pop up all over, advertising help for those with bad credit histories starting at just $99.95 per month. Are these services legitimate, or are you being lured into a scam?  Here’s what you need to know.   Some credit repair companies are scams, but not all are illegitimate. The FTC has charged many unscrupulous credit repair organizations with deceptive business practices, forcing such companies to shut down their …Read More

6 Credit Traps That Await Divorcing Couples

The divorce itself doesn’t affect your credit score, but watch out for these common scenarios that most definitely do. Just as your credit scores don’t merge when you get married, they don’t experience any automatic hit or boost when you divorce. The divorce itself is not factored into your credit score whatsoever. However, the process of untangling financially from your ex could leave a mark on your credit file for …Read More

5 FAQs on How to Improve Your Credit Score

A common question people often ask is, “How can I improve my credit?” Since credit can impact many things, including: employment, down payments, interest rates, utility deposits, and even car insurance, improving your credit can help you in a lot of ways. With all of the information floating around out there, we want to make sure you have all the correct answers to the questions below!   5 Frequently Asked …Read More

How to Dispute a Billing Error

By Jesse Campbell It’s the end of another billing cycle for your credit card. You get your latest statement in the mail (or via email if you prefer the paper-free approach). As you do every month, you take out the statement and carefully examine its contents. And you see something that’s not quite right. There’s a charge on there that you don’t recall. You review your receipts. You wrack your brain. …Read More

Beware of These Financial Tricks or Treats

By Drew Kessler Halloween tricks or treats come along only once a year, but the consequences of financial decisions usually last far past the next spooky holiday. Options that seem good on the surface, if not handled properly, can have long-lasting negative consequences.To understand how a seemingly good financial move can work against you, the NFCC encourages consumers to review the following to see if their actions are resulting in …Read More

Tips for Your Credit Smart Team

By Drew Kessler What could be scarier than your teen driving for the first time? A teenager with a credit card! As vulnerable teens increasingly obtain credit cards without really knowing how to responsibly use them, the NFCC recommends parents take action now to show teens the value of a good credit history and smart credit tips. Consider starting your teen off with a credit card tied to your account. Not …Read More

Your Credit Score: Updates You Should Know

By Jason Alderman With a new version of the leading FICO credit score working its way through the lending industry, borrowers who have wrestled with medical debt and others who have only a limited credit history might find their scores have improved when they apply for future credit cards or auto loans. FICO Score 9 was rolled out last fall by the three major credit bureaus – Equifax, Experian and …Read More

5 Reasons to Check Your Credit Report Today

By Lindsay Konsko Between paying bills, monitoring investments, and watching over the monthly budget it’s normal to feel overwhelmed by money-related responsibilities. This leads many of us to push off until tomorrow certain financial tasks we should be doing today. For example, a lot of folks don’t feel any urgency to check their credit reports. But there are some situations where it just can’t wait. Here are five signs you should …Read More

Majority in Survey Ignore Credit Reports, Scores

By Cliff Goldstein If you haven’t checked your credit reports or credit scores in the past 12 months, you’re in the same boat as most people, according to the National Foundation for Credit Counseling’s 2015 Financial Literacy Survey, sponsored by NerdWallet. In the study, which included more than 2,000 U.S. adults, two-thirds of respondents said they hadn’t ordered copies of their credit reports in the past 12 months. That includes 69% of women …Read More

Dealing With Negative Credit Report Information

By Lauralynn  Schueckler Federal law specifies how long negative information may remain on your credit report. To prevent you from being penalized for past credit mistakes forever, the Fair Credit Reporting Act regulates that negative information, so it can only be reported for seven, ten, or fifteen years at the most. This includes bankruptcies, late payments, accounts that a creditor turned over to a collection agency, tax liens, and judgments …Read More