Danger ahead: 5 warning signs that won't show up on your credit report
Americans are obsessed with protecting our credit scores, and many of us will go to great length to keep that number as high as possible. But even financial behaviors that don't directly affect your credit score can be a red flag that you are headed towards serious financial issues.
Liz Weston, personal finance expert and author [...]
Credit monitoring: prescription or placebo?
Identity fraud has become so widespread, it seems hardly anyone is immune to it.
Recently, the Federal Trade Commission found 5 percent of identity theft cases are targeting children, while the Carnegie Mellon Cy Lab noted that in over half those cases (54 percent), the child was younger than 14. Adults themselves are no stranger to [...]
The 60-minute credit card makeover
At least once a year, you should take a look at your credit cards and see whether you're getting the best deals you can for your spending patterns. Is that a groan I hear? Don't worry, this review won't take weeks of research, or even a day! Beverly Harzog, a credit card expert and consumer [...]
Best credit cards for rebuilding credit from our partners
From qualifying for the best credit card reward offers to receiving favorable rates on auto loans and mortgages, your credit score can have a major impact on your life.
Information about you and your credit experiences, like your bill-paying history; the number, age, and types of accounts you have; outstanding debt; and collection actions is used [...]
Bad Credit, Secured Cards, Building Credit, Credit Report, Best Cards, Credit Scores, Prepaid Cards
Is a zero balance on a credit card bad?
There's a myth that carrying a balance on your credit cards will help your credit score. Of the Americans who use credit cards, half (about 54 percent) pay their balances in full every month, according to the Federal Reserve's Survey of Consumer Finances. But can this practice help or hurt your credit history?
In fact, it [...]
Credit Report, Tips, Credit Scores
New Laws Crack Down on Free Credit Report Marketing
Since 2003, credit bureaus have been required by law to provide Americans with annual access to their credit reports, at no charge. However, the AnnualCreditReport.com web site created to manage the process has been overshadowed by a variety of services claiming to offer free insight into credit health. Many of the trial offers attached to free [...]
Credit Report, Legislation
What is a mixed or split credit report?
Credit reports contain errors on a regular basis. So, before applying for new credit or beginning your credit repair journey make sure that all of the information contained in your credit report is yours.
Reasons for such mixes include:
Common name. For example, a father and son who live at the same address, or who don't add Sr. [...]
Protecting Your Credit Report During Bankruptcy
Bankruptcy should always be a last resort (see our credit card debt section for credit card offers for bad credit). However, if you are determined to file bankruptcy but have not done so yet, then please take your time and don't rush the process - it is more important to ensure that all your bases [...]
New Credit Reporting Law (FACT)
On December 4th, President Bush signed into law the Fair and Accurate Credit Transactions Act of 2003 (FACT), a law that updates the Fair Credit Reporting Act. While parts of the law are great for consumers, others aren't. Different parts will go into effect from March 2004 through December 2004.
Here are the main provisions:
Free Annual [...]
Credit Report, Legislation