Big Changes at the Three Major Credit Bureaus

Equifax, Experian and TransUnion track consumer credit information on almost every person in the United States. This information is put into a database and also calculated into a credit score that is used to determine what interest rate you will … Continue reading Weekly Credit Card Update–April 18, 2014

States Probing Massive Data Breach of Social Security Numbers In what could be one of the biggest data breaches in history, the federal government and authorities in several states are investigating the criminal sale of Social Security numbers, bank account … Continue reading

Proposed Senate Bill Mandates Free Annual Credit Scores

A proposed bill in the United States Senate would mandate all consumers have access to free annual credit scores. The Stop Errors in Credit Use and Reporting (SECURE) Act is designed to reduce the problems consumers experience through errors in their … Continue reading

Top 10 Signs of Identity Theft

Recent security breaches at Target, Skype and Snapchat show that identity theft has become a major problem in our society. Unfortunately, personal information, email, credit cards and bank accounts are not as private and protected as we think. It is … Continue reading

One-Third of Americans Have Never Checked Their Credit Score

A new study from TransUnion reveals that a staggering 32.7% of Americans have never checked their credit scores or credit reports. An additional 24.6% of those surveyed said they had not checked their credit score or credit report within the … Continue reading

Debt Linked to Health Concerns in Young Adults

Heavy debt loads could be causing higher blood pressure in young people according to a new Northwestern Medicine study. The study found that high financial debt is connected with higher diastolic blood pressure and could affect physical and mental health … Continue reading

Reconsideration–Another Chance at Getting a Credit Card

Reconsideration is an unpublished "secret" in the credit card industry. If your credit card application has been rejected, there is a number you can call to explain your side of the story to a real person and appeal for approval. When … Continue reading

Common Mistakes for First Time Credit Card Customers

Being approved for your first credit card is a big financial step, but it can also lead you into a lot of debt if you are not financially responsible. It doesn't matter how old you are--you will most likely make … Continue reading

Financial Tips for Recent Graduates

Almost two million people recently graduated college and the fortunate ones are now entering a new chapter of life called the working world. For the class of 2013, the average graduate is already weighed down with $32,500 in debt when … Continue reading

How Can I Improve My Credit?

Having a low credit score can be detrimental in a money-driven world. It will prevent you from getting car loans, home loans, credit cards and much more. No matter what caused your bad credit, there is a way out of it. The … Continue reading

Time for a Personal Finance Checkup?

Did you make a New Year's Resolution to get your financial house in order in 2013? A good place to start is by doing a personal checkup of your credit. And there are free options out there. Don't fall for … Continue reading

Areas with Worst Credit Scores All Found in the South

TransUnion has released its ranking of metropolitan areas with the highest and lowest consumer credit score in the country. Two areas in northern California--San Jose-Sunnyvale-Santa Clara (700) and San Francisco-Oakland-Freemont (696)--have the highest scores. Memphis is the area with the lowest … Continue reading

Leading Ways of Stealing Someone’s Identity

The "old fashioned" ways of stealing someone's identity are still the leading causes of identity fraud. According to a study by Travelers, the offline methods of identity fraud such as stolen or lost wallets, pilfered identifications and burglaries far outweigh the … Continue reading Weekly Credit Card Update November 21

Mobile Apps Aim to Steer Consumer Credit Card Choices There are two new mobile apps which help cardholders select the best credit card to use at checkout. Wallaby Financial released a free app that helps iPhone users determine which card … Continue reading

CFPB Finds Differences in Credit Scores

The credit score you purchase from a credit reporting agency may be very different from the score your lender sees. Lender's scoring models place  nearly one in five consumers in different credit categories, according to a new report by the Consumer … Continue reading

Consumers Benefit by CFPB Monitoring Credit Bureaus

The Consumer Financial Protection Bureau may soon make another move that could help consumers: bringing transparency and public accountability to credit reporting agencies. Beginning September 30th, the CFPB will monitor over 30 of the country's biggest credit bureaus and investigate … Continue reading