Category Archives: Credit Score & Credit Report
- Credit Scoring is a Scam and a Fraud
Photo Credit: The Truth About I was just sitting here and noticed that someone searched for “credit scoring is a scam and a fraud.” Kind of an interesting search. Frankly I never thought of it like that. But that reality is that point of view isn’t all that far off. You see the impression people [...]
- Top 3 Cures for a Low Credit Score
A low credit score is bad news, particularly if you are trying to renegotiate the terms of a loan, applying for a home loan, trying to land a job, or searching for an apartment. In today’s environment, you need a high credit score for a slew of reasons. So if you need to build your [...]
- Quick Credit Tip: Become an Authorized User
Learning how to become an authorized user on a credit card is a strong and quick strategy for building your credit, and building it fast. In fact, I have seen people’s scores jump as much as sixty points just by becoming authorized users. Before discussing the mechanism for becoming a an authorized user on a [...]
- How to Easily Rebuild Your Credit and Have Good Credit Again
Most credit repair scams and schemes and just a worthless waste of money and don’t help you to legally rebuild your credit. Here is a simple process I have advised people to use for years that does the trick for rebuilding and restoring your credit from any credit disaster. This isn’t some crafty or quasi-legal [...]
- If You Use a Yahoo or AOL Email Address. Your Credit Score Probably Sucks
An interesting credit score data mining observation has emerged from our friends over at Credit Karma. Apparently they took a look at the average credit scores of 20,000 people and placed those scores into bins based on the email address people use. They then calculated the average credit score. Now your email domain is not [...]
- Bad Credit Is Bad News for the Unemployed
A recent report from Inc. Magazine says at that at least 60 percent of employers run credit checks on potential job applicants at least some of the time. This is a 17 percent increase from 2006. And given the high unemployment rate, this is particularly concerning. With a much bigger pool of candidates to choose [...]
- The Credit-Scoring Scam of the Century
Are you a victim of the credit scoring scam of the century? If you have a credit card, there’s a 50/50 chance that you are. What Is the Credit Scoring Scam of the Century? About half of credit card companies use a shameful tactic to keep their competitors away from you, and this tactic hurts [...]
- True Cradle Robbers – Stealing Credit From The Cradle
It’s often not a parent’s first thought to check the credit report of their minor child, however, it may now become a necessity. Not because a child may fraudulently be using credit without their parents’ knowledge but because scammers may have stolen their unused Social Security number and identity. The Better Business Bureau (BBB) put [...]
- Your Roster Number is Your Credit Score
Whenever I was in basic training, each recruit, each private was assigned their own roster number. That roster number was our identifier. We had to put it on all our gear. I had to have it strapped across a tape on my Kevlar, which is our helmet. It dictated as far as when we would [...]
- Five Bank Policies that Stink
Unless you use a local bank, your bank probably creates all sorts of unfair bank charges and other policies like excessive overdraft fees. And this is just one reason that your bank’s policies stink. Here are five bank policies that should be changed, and changed immediately. #1: They Intentionally Keep You in the Dark about [...]
- Credit Score Tips That Don’t Make Sense
There are many credit score tips that you know but they don’t necessarily help you to increase your credit score. These can be called as credit score tips that don’t make sense. This is because by following these credit score tips, you won’t be able to increase your credit score. In other words these are [...]
- What You Need to Know About Your FICO Score
If you have ever heard someone refer to your “score” or your “credit score” they are probably referring to your “FICO Score.” It is called a FICO Score as the way the number is calculated is based on software developed by a company called Fair Issac and Company. Once you have requested a loan, a [...]
- VantageScore, FICO Score, Experian Plus Credit Score. Which Credit Score Really Matters?
Let’s start with the basics, what a credit score really is. A credit score is NOT a value that identifies who is a better personal finance manager. A credit score IS a number that is calculated to allow lenders to identify which people are the least risky to lend to and who are most likely [...]
- Credit Issues? You Are Not Alone – Fax – SCAM WATCH
Be on the lookout for a fax that is being sent out below. A tipster sent in the fax below and it raises a number of red flags for me. The fax allegedly comes from the 561 area code (561-634-2067), the unsubscribe is in the 208 area code (208-337-6079) and the fax back number is [...]
- Financial Reporter at Washington Post, She Needs Your Help
Recently I was interviewed by Ylan Mui from the Washington Post who is doing a story on alternative credit bureaus. She asked if readers might be able to help her as well on her story and I said I’d be happy to ask. Here is what she is looking for help with. I’m a reporter [...]