’Tis the season to shop and celebrate, and if you plan to fund the festivities with credit cards beware of the pitfalls that could bury your credit scores.

Your credit scores change as new data hits your credit file. However, your file is only as accurate as the information reported by your creditors to Transunion®, Equifax® and Experian®. Credit report errors happen – and when they do – your credit scores may pay the price. In fact, 1 in 5 people have an …

Why Dispute Credit Report Errors? Read More »

Your credit scores are calculated from information on your TransUnion®, Equifax® and Experian® credit reports. And your creditors are constantly updating your accounts with one, two or all three credit bureaus. It’s important to understand what drives your credit scores, which actions may be helping or hurting – and why. Are your payments typically on-time …

What Impacts your Credit Scores? Read More »

If you are thinking of applying for a home equity loan, make sure you understand how your payment history on your current mortgage and your overall credit history will affect your chances of qualifying and the interest rate deals that lenders will offer you.

Student credit cards can offer a great opportunity for young adults to build a credit history and their credit scores. This will have a positive impact if they are responsible enough to manage the spending and repayment of debts.

Simply going out and getting a secured credit card “has little or no effect” on your credit reports and credit scores. It’s how you repay your secured card debt that makes all the difference. With responsible use, you can establish a positive credit history and build your credit scores.

Retailers have grabbed the lion’s share of data breach headlines in the first half of 2018. Macy’s, Adidas, Saks Fifth Avenue, Lord & Taylor, Kmart, Sears and Under Armour all suffered breaches in which the personal data of their customers was hacked or exposed. Here’s a look at notable security breaches thus far.

Ask a lender to extend credit and they immediately want to know if you are creditworthy. Your credit reports and scores will give lenders an idea of how creditworthy you are by indicating how you fare on the three Cs – capacity, character and consistency.

The personal and behavioral information of about 230 million consumers and the records of 110 million businesses were discovered left unprotected on a publicly accessible server that was used by data broker Exactis to house its database.

You want to buy a home, but you have not yet made that all-important decision: New home or existing home? Whatever the decision, having good credit scores will likely help you negotiate a better deal on your mortgage.

Balance transfer credit cards that offer lower or zero percent interest rates can be a smart way to reduce monthly payments and consolidate debt. Here are a few questions and answers that can help you determine if it is something you should consider. 

Errors on credit reports can do a real number on your credit scores. Many consumers emerge from the arduous dispute process frustrated and confused. But recent changes by the three national credit reporting agencies should give consumers some relief when disputing credit errors.

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