Technology seems to be changing everything, including credit cards. We're already seeing microchips replacing magnetic strips, and it won't be long before we see other innovations being put into common use.
Continue ReadingTechnology seems to be changing everything, including credit cards. We're already seeing microchips replacing magnetic strips, and it won't be long before we see other innovations being put into common use.
Continue ReadingYour finances and your credit go hand in hand. When your finances are in order, you put yourself in the best position to succeed in the realm of credit. And when your credit is in good shape, your finances can become all the easier to manage. Unfortunately, when either your credit or your finances are in disarray, things can get out of hand fast.
Continue ReadingThe newest FICO scoring model will penalize consumers with medical collections less than it has in the past. But it will take time to be implemented and, in any case, borrowers, especially those with credit issues, should continue to practice the fundamentals of good credit.
Continue ReadingThe Consumer Financial Protection Bureau fined the credit agency Experian $3 million last week. Let’s take a look at why Experian was fined and what consumers can learn about their credit scores from this.
Continue ReadingSaving time and money is something we are constantly trying to do by cutting corners, but it can get you into some serious trouble when you opt to buy a car on Craigslist.
Continue ReadingTypically, the IRS doesn't report tax debt under $10,000 to the credit reporting agencies. If you owe more than that, they will file a Notice of Federal Tax Lien. Once they do this, it will appear on your report and damage your credit.
Continue ReadingThe credit bureau TransUnion recently released a study that takes a look at generational differences in credit. Here's what they discovered.
Continue ReadingIf you get turned down for credit or don’t qualify for the best interest rate offered, you’ll want to understand what those two-digit FICO reason codes stand for in the letter you receive.
Continue ReadingYour credit score is calculated using information contained in your credit reports, but do you know who's collecting that information?
Continue ReadingWhile many know that being late on credit card payments and bills can hurt your credit, there are still other, less obvious things that can affect your credit score and your chances of being approved for a loan.
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