Are you suffering from a case of credit score fatigue? If so, you’re not alone: We hear about credit scores nonstop. We’re supposed to check them regularly. We can order them free online. We can pay someone to monitor them for us. It’s practically a full-time job keeping up with the whole production. And now there’s another score out …
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So What Are the Real Chances There’s a Mistake in Your Credit Report?
A comprehensive study of consumer credit reports by the Federal Trade Commission found that the accuracy of consumers’ credit files is better than some surveys had indicated, but worse than the industry has claimed.
New Score Says You Have Better Credit, But Will It Get You a Mortgage?
The recession and its aftermath, including stubbornly high unemployment, did a number on Americans’ credit scores. The average person’s credit score is 655, according to Credit Karma. Unfortunately, the average credit score you’ll need to get a mortgage is 764, or 770 if you want to refinance. Into this gap, two companies have partnered …
Could That Facebook ‘Like’ Hurt Your Credit Score?
A plan to study data mining of social-networking sites bankrolled by Germany‘s largest credit-reporting agency provoked outrage after internal documents about the project were leaked to German media outlets.
Do You Know Your Rights If Your Identity Is Stolen?
According to a new report and consumer survey from the Federal Trade Commission, many Americans don’t know what they’re entitled to if someone steals their identity. FTC data shows that, for more than a decade, the top category …
How to Ask For a Higher Credit Limit
If you’re a credit card customer with an account in good standing, this is a good time to ask for a credit limit increase. After the financial crisis in 2008, issuers got very stingy with credit, cutting limits or closing …
Credit Standards May Finally Be Loosening For Housing
It’s wild to think that a strawberry picker who earned $15,000 qualified for a $720,000 mortgage in 2005. But it’s just as ridiculous to think that a buyer with a credit score of 720 and who can put 20% down may not have …
5 Things That — Surprisingly — Don’t Hurt Your Credit Score
There are a whole host of things that can wreak havoc on your credit score, from maxing out a credit card to having a home foreclosed on or declaring bankruptcy. But people often worry about situations or events that actually …
Impatient? Then Your Credit Probably Stinks
Were you sitting and drumming your fingers while waiting for this page to load? Do you think instant coffee takes too long? If you’re impatient, more than just your blood pressure will suffer: You’re also liable to have poor …
Feed the Meter, Save Your Credit Score
Years of high unemployment, reduced consumer spending and declining property values have created a kind of perfect storm for the coffers of cities around the country. Municipalities are increasingly turning to a new way to boost …
Your Credit History Is More Revealing Than You Think
The information in your credit report has long been used to predict how likely you are to pay credit card bills on time or remain current on your mortgage. But now credit information companies say they can figure out everything …
5 Things You Don’t Know About Your Credit Score
Maybe you think you know all there is to know about your credit score. Don’t pay late; don’t have a slew of maxed-out cards. It’s true that those things are important, but credit scoring is a complicated process. There are many …
