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Credit Score & Credit Report

TeleCheck Bitch Slapped by FTC Over Inaccuracies

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TeleCheck Services, Inc., one of the nation’s largest check authorization service companies, along with its associated debt-collection entity, TRS Recovery Services, Inc., have agreed to pay $3.5 million to settle Federal Trade Commission charges that they violated the Fair Credit Reporting Act (FCRA). The penalty matches the second-largest ever obtained by the FTC in an FCRA case. Earlier this year, ... Read More »

Bill Would Make Employment Credit Checks Illegal

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United States Senator Elizabeth Warren (D-Mass.) today introduced the Equal Employment for All Act with Senators Richard Blumenthal (D-Conn.), Sherrod Brown (D-Ohio), Patrick Leahy (D-Vt.), Edward J. Markey (D-Mass.), Jeanne Shaheen (D-N.H.), and Sheldon Whitehouse (D-R.I.). The legislation would prohibit employers from requiring potential employees to disclose their credit history as part of the job application process. It was previously ... Read More »

What is Free Credit Report Monitoring and How to Get It

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There is no shortage of issues that abound when it comes to credit reports. Between worrying if the correct information is being reported about you to what might be going on with your credit report behind your back, you have to remain ever vigilant. There many places where you can pay for credit report monitoring but I like to recommend ... Read More »

Ways to Build Credit Without Relying Solely on Credit Cards

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For those who prefer to pay with cash and avoid the credit card debt cycle altogether, building a solid credit history and high FICO score can be a challenge – but it doesn’t have to be. Only a small portion of your FICO score is based on having and using revolving credit. The first step is to understand what goes ... Read More »

Credit Report Data Broker Leaks a Concern for FTC

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The Federal Trade Commission sent letters to ten data broker companies warning that their practices could violate the Fair Credit Reporting Act (FCRA) after a test-shopping operation by the FTC indicated the companies were willing to sell consumer information without abiding by FCRA requirements. The test-shopping operation was part of a worldwide privacy protection effort. FTC staff members posed as ... Read More »

Credit Reports Screwed Up. Anyone Surprised?

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A Federal Trade Commission study of the U.S. credit reporting industry found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance. Overall, the congressionally mandated study on credit report accuracy found that one in five consumers had an error ... Read More »

The Big List of Top Secret Speciality Credit Reporting Agencies

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When it comes to companies that collect and sell information about you, people generally think there are only three major credit bureaus. In fact there are a number of speciality credit bureaus. You’ll be surprised how many different company collect and maintain information about you. Below you will find a comprehensive listing of these credit bureaus and how to contact ... Read More »

Credit Report Infographic Gives Picture of Credit Health

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A great inforgraphic from Direct Lending Solutions gives an interesting picture of credit health in America. If you look towards the bottom of the infographic you’ll see there is no clear connection between credit scores and bankruptcy filing rates. Also, above that is a graphic that shows the wave of credit account closures in the past three years. Get Out ... Read More »

Prime Credit Experts Makes Claims That Seem Deceptive for Consumers

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I saw an online ad for a company called Prime Credit Experts that said “Permanently Remove Charge Offs – Immediately Improve Your Credit Score.” – Source. So of course I had to go take a look at their site. When credit repair companies make claims about their services and being able to delete inaccurate information from a credit report, that’s ... Read More »

Killer iPhone App Delivers Free Credit Score and Credit Monitoring

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The folks over at Credit Karma have been busy little bees. I’ve been a fan of their free credit score and credit score modeling tool and mentioned them on the site. But now they’ve outdone themselves with their new iPhone app. The app is free to download and delivers a ton of useful information, except for the credit score modeling ... Read More »

Scammers Stealing Credit Reports Using Stolen Credit Cards and Debit Cards

It seems crooks today are becoming more productivity conscious and leveraging one stolen credit or debit card into an entirely new enterprise. Scammers are targeting the motherlode of information, your credit report. By purchasing your credit report online scammers are getting access to a comprehensive report about all of your current and past credit activity. Using that information they could ... Read More »

Identity Theft Fraud Victims, Here’s Everything You Ever Need to Know to Fix the Mess

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If you are the victim of identity theft the last thing you want to worry about is what to do next. Thanks to the kind folks at the FTC here is a comprehensive guide on what to do if you discover you are a victim of identity theft. This step-by-step guide will make it extremely easy for you to take ... Read More »

What is Free Credit Report Monitoring and How to Get It

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There is no shortage of issues that abound when it comes to credit reports. Between worrying if the correct information is being reported about you to what might be going on with your credit report behind your back, you have to remain ever vigilant. There many places where you can pay for credit report monitoring but I like to recommend ... Read More »

Credit Reports, Credit History, and Credit Scores in Hiring and Job Performance. Is It Even Fair?

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You hear all the time how credit history can impact your ability to get a job. In the debt relief world debt settlement and credit counseling companies claim bankruptcy prevents people from getting jobs and that’s why people need to use their services instead. But what is reality and what is the negative impact of alternative interventions like debt settlement ... Read More »

If You Rent It Could Help Build Good Credit

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Experian today announced a new product to help renters convert their on-time rental payments into good credit. Up until now Experian had only really been adding rental history through its RentBureau product that is used by big apartment complexes. Now they’ve launched a new product for use by all landlords, big or small. ClearNow allows for landlords to collect payments ... Read More »

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