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Consumers dealing with Portfolio and Encore may be due a refund

Two of the Nation’s Largest Debt Collectors Will Refund $60 Million to Consumers In September the Consumer … [Read More...]


Beware of Misleading Debt Elimination Schemes

The promise to wipe out your debt may seem like a dream come true as living debt free is the goal of many … [Read More...]


Statute of Limitations on Credit Card and other Debt

Your debt may be uncollectible. Review your State's Statute of Limitations on how long you can be sued for an … [Read More...]


Paying off credit card debt may significantly raise credit scores

Assuming you do not have a ton of collection accounts, charge-offs, public records or late payments; high … [Read More...]


How to add positive credit to your credit reports

Consumers with bad credit often only concentrate on removing negative information while repairing credit. But … [Read More...]

Man in living room using laptop and holding credit card smiling

How to build a credit history when you have no credit score

With no credit history, a secured credit card may be the only way to build a credit history as long as it is … [Read More...]


Inquiries without a permissible purpose can be removed

Credit inquiries can remain on a credit report for 2 years. There are two types of credit inquiries - one … [Read More...]

Not listening

8 Reasons You Cannot Ignore Bad Credit

As more companies use personal credit to make decisions about you, bad credit can no longer be ignored. In … [Read More...]


Fannie Mae’s HomeReady Program to include household income

Fannie Mae is making it easier for low- to moderate-income households to qualify for a mortgage loan. The … [Read More...]


Overview of the Fair Debt Collection Practices Act (FDCPA)

The Fair Debt Collection Practices Act protects consumers against unfair conduct by debt collectors. There are … [Read More...]


How to pad your credit report if you have negative items

The effects of good credit go well beyond getting approved for a credit card or loan. Potential employers may … [Read More...]


How to improve credit scores with a goodwill letter

Send a goodwill letter to your credit card issuer or lender to get negative items removed from your credit … [Read More...]

why credit applications are denied

Top 5 Reasons Your Credit Application was Denied

A denied credit application can be shocking if you were counting on making a purchase. Whether it's a major … [Read More...]


Lower credit scores are not a deal breaker with VA Mortgage Loans

There are not many options for mortgage loans if you have low credit scores and no down payment. VA home loans … [Read More...]


7 ways to avoid being trapped into overdraft fees

Overdraft fees remain a huge revenue source for banks despite financial regulations. They are enormously … [Read More...]


Demystifying Credit Scores: 5 Factors that make a score

FICO scores can be a mystery. FICO is the most popular credit scoring model used by 90% of banks. While the … [Read More...]


Do Prepaid Cards Build Credit Scores

Let’s get this out of the way first -- Do Prepaid cards build credit? Absolutely Not. No matter what you’ve … [Read More...]


4 Facts a fake debt collector hopes you don’t know

Never confirm such personal information with any debt collector over the phone. Social Security number, … [Read More...]

Calendar Pages and Clock

What is the FCRA Compliance Date aka DOFD

The Fair Credit Reporting Act (FCRA) Compliance Date determines how long some negative credit items such as … [Read More...]

what consumers with high credit scores do

5 Traits of Consumers with Perfect Credit Scores

If achieving the highest credit score possible is your goal or if you want to get as close to perfection as … [Read More...]


5 Reasons to get a FHA Mortgage Loan

For many people owning a home is their greatest asset. It’s important to understand the mortgage loan process … [Read More...]

dangers of giving out social security number

Dangers of giving out your Social Security Number

It has become so common for consumers to simply hand over their Social Security number, without question, that … [Read More...]

Falling credit cards

Why credit card users should no longer pay just the minimum

Credit bureaus have found another way to distinguish consumers’ credit habits. Credit reports are now tracking … [Read More...]


6 Strategies to Fix Your Credit Report

The main goal in fixing your credit report should be to remove negative information while adding positive … [Read More...]

Financial consultant presents bank investments to a young couple

Rebuild Credit with a Credit Builder Loan

Your local credit union may be able to help you rebuild credit with a Credit Builder Loan. A good mix of … [Read More...]