Credit News
Proposed class action lawsuit filed against Experian’s ConsumerInfo.com
TjMaxx/Marshalls Data Breach Widespread
Watch out for 100 point drops in credit score
97% of people have no idea on credit scores
Experian reports new consumer credit accounts have declined 17% over five years ago. Late payments are increasing.
Florida Attorney General instigates investigation into FreeCreditReports.com over allegations of misleading advertising.
Take the Better Business Bureau's I.D. Theft quiz to check your level of safety. You may be surprised at your vulnerability.
Great tips for online merchants to prevent online credit fraud. Many small businesses are the ones left holding the bag after ID theft.
Read about the latest in evil emails which attempt to con you out of your personal information. Some of the latest tricks attempt to panic users about their mortgage loan.
One of the latest online scams targets people who are looking for work. Be leery of ads that offer quick payment and high dollars.
In your financial life, few things figure as prominently as your credit report and credit score. Learning the basics of the credit report process, and keeping your credit report free of errors, is essential to good financial health. You should focus on improving your credit score as the highest credit scores receive the best interest rates and loan terms. On a mortgage, a difference of 100 points could be worth hundreds of dollars each month.
Since 2005, all Americans have the legal right to obtain a free annual copy of their credit report from TransUnion, Equifax and Experian credit reporting bureaus. This law is intended to help consumers reduce errors in their credit reports by minimizing the obstacles to viewing credit reports. To receive a free credit report visit the official site run by the bureaus: annualcreditreport.com
Your personal credit score is a number from 350-800 which stands for your credit risk. The higher numbers are considered less likely to default. Credit scores come from mathematical formulas that measure many variables in your credit report such as payment history, public records, and debt to income ratio.
The Fair and Accurate Credit Transaction Act (2003) amendment to the FCRA Fair Credit Reporting Act guaranteed all Americans the right to see their credit report once a year to check it for errors. To learn more about free credit, credit scores and financial terminology, visit our glossary page.