Americans are doing a better job of paying off their credit card debt, and they are doing so in a timely manner. According to the latest report from TransUnion, the average credit card debt per borrower fell 1.7 percent to … Continue reading
Running a search for "how to check my credit score for free" may lead you to a lot of websites that are actually just companies trying to sell their services. There are ways to check your credit score for free, … Continue reading
Credit reporting agencies TransUnion and Equifax have confirmed that hackers have gained unauthorized access to users' personal information, including some of the leading political and entertainment figures in America. The hackers obtained the Social Security numbers, credit scores and birthdates … Continue reading
The VantageScore credit scoring model has undergone some improvements, giving lenders a reported 25 percent improvement on the ability to make predictions on consumers. The new VantageScore 3.0 model also has the ability to formulate a score for the estimated … Continue reading
FTC: Cramming Fraud Targets Consumers’ Credit Cards The FTC has added a new alert about a fraud called cramming where small charges of $10, $20, or $30 are secretly inserted onto your credit card bill. These small charges add up … Continue reading
An increase in holiday spending drove up late credit card payments during the fourth quarter of 2012. The credit card delinquency rate, which represents the percentage of credit card customers that are at least 90 days overdue on their payments, … Continue reading
Since credit reports contain sensitive personal information, access to them is limited. The three main credit report bureaus--TransUnion, Equifax and Experian--can only provide your credit reports to people you seek to do business with. But the number of different people … Continue reading
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
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
Secrets of Mobile Success: Cost-Cutting Banks Seek Smartphone Customers Strapped for new revenue and pressed into waves of cost cuts, the country's largest banks are trying to keep the customers they have, woo the ones they don't and do it … Continue reading
For the second time this week, a study by a credit agency shows delinquency rates on student loans are climbing. According to a TransUnion study, more than half of student loans are in deferred status where the loan payment has been … Continue reading
Having good credit is extremely important for any loan you may obtain, whether it be a short-term one like a credit card, or a long-term loan like those for a home or car. As we start a new year, it … Continue reading
Today, the Senate Banking Committee will hold a hearing to investigate the accuracy and regulation of credit reports. The hearing is called "Making Sense of Consumer Credit Reports" and credit analysts from the Consumer Financial Protection Bureau and consumer data … Continue reading
TransUnion predicts that credit card delinquency rates will remain low in 2013, but will increase slightly over current levels. The credit card delinquency rate is the percentage of bankcard borrowers that are 90 days or more delinquent on a credit card … Continue reading
A study released today by the Consumer Financial Protection Bureau shows that credit reports are dominated by a consumer's credit card history. The report also showed that debt collection items generate the highest rate of disputes. The CFPB analyzed 2011 information … Continue reading
Credit reporting agencies know much more about you than your number of credit cards or how much you owe on your mortgage. You may be surprised at the personal information collected by credit agencies and how many agencies are tracking … Continue reading
The Consumer Financial Protection Bureau continues to bring transparency and accountability to consumer reporting agencies. Today, the CFPB warned specialty credit reporting agencies that they may be violating federal law by not providing consumers with easy access to credit reports. … Continue reading
The average credit card debt per American borrower increased to $4,996, up 4.9 percent in the third quarter from the year before, according to a report released today from TransUnion. Late payments at least 90 days overdue also slightly increased … Continue reading
They may be three simple digits but your credit score is the probably most important number in determining your financial future. Your credit score is both a representation of your payment history and a prediction of your ability to make … Continue reading
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
The delinquency rate on credit card accounts dropped during the second quarter of 2012 to one of its lowest levels since 1994.According to a TransUnion study released today, the delinquency rate--the percentage of credit card borrowers at least 90 days … Continue reading
When a spouse dies, the surviving mate may be burdened with more than just grief and loneliness. Credit card debt may also haunt the partner that is left behind. The responsibility for the credit card debt of a deceased spouse … Continue reading
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
More Americans are paying their credit card bills on time as well as carrying less of a balance. According to figures from last week's regulatory filings, credit card delinquencies decreased for each of the top six credit card issuers in … Continue reading