There’s a lot of advice floating around out there about how to manage your credit cards and other debts to maximize your credit score. The trouble is, not all this wisdom is created equal, and some tips intended to help your credit can actually have the opposite effect. Here are seven supposedly “smart” tips we’ve heard bandied about
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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 …
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.
As the holiday marketing machine cranks into gear, more of us will start contemplating the upcoming season’s spending — and our credit limits. Credit card issuers have relaxed their lending policies, says CardRatings.com …
Conventional wisdom says before you make a big purchase like a house or a car, go online to check your credit score. Although you can get one report per bureau per year for free through annualcreditreport.com, you have to pay to …
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Tech tools that let you comparison-shop are awesome: You go to a single destination, plug in a little info, and some app or bot combs the universe looking to match your needs with the best deal. That’s the idea, anyway. …
It’s a move consumer advocates say has been needed for a long time: This morning, the Consumer Financial Protection Bureau announced that it will start supervising large credit reporting agencies — the first time these companies have ever been subject to such oversight at the federal level.
Everybody knows how important it is to maintain good credit, but a lot of people don’t know how. Some think it’s necessary to revolve a credit card balance to get a higher score or don’t know the impact of checking their own …
Congratulations, America — it looks like you’re starting to get the hang of this “payment due date” concept. The number of retail credit card accounts in late-stage delinquency is at a six-year low, according to Fitch Ratings, …
