Your bank can seize your IRS stimulus money if you owe overdraft fees, late credit card payments, or car loans, and debt collectors can garnish stimulus checks because of a loophole.
Credit Privacy Numbers are illegal when marketed as credit repair or to establish a new credit history and score. You can get into more trouble than it’s worth. Building new credit should not involve the possibility of jail time.
If a merchant uses Telecheck to verify checks, your checks can be denied even if you have money in the bank or have never bounced a check.
Charge-offs that update monthly inflict continuous pain on credit scores. If a charge-off has an open status and amount reporting credit utilization goes up.
July 1 marked the date new rules went into effect basically removing nearly all civil judgments and some tax liens from credit reports.