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Credit Score & Credit Report

Truly Free Credit Scores and Daily Credit Monitoring

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When it comes to free credit reporting products, I mean really free, the services are hard to find. Sure, there have been all sorts of teaser products offered that then signed you up for paid services but where does someone go to find their actual credit score? Until a year or so ago the online credit score offered by services ... Read More »

CBSD On Your Credit Report? Here is What it Means And What You Should Do About It.

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If your credit report contains the notation CBSD it is a common abbreviation for Citibank South Dakota (CBSD). This account may be a store card or an account in the name of Citibank. Regardless, if you want to get to the bottom of the CBSD account on your credit report, I would suggest that you contact the CBSD creditor at ... Read More »

4 Simple Steps to Protect Your Credit from Identity Theft

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Identity theft is on the rise, according to the FTC, and it’s a crime that is getting more expensive than ever for American consumers. Last year it cost us $1.52 billion, up from $1.4 million in 2010. The median amount paid out per claim was $537. And that’s just the cost of reported crimes. While identity theft can involve different ... Read More »

Debt Collectors and Credit Bureaus to Report to the Consumer Financial Protection Bureau

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The CFPB has just announced they will be rolling out new proposed rules that will regulate consumer debt collection and consumer reporting markets. Proposed rules would mark the first time these important markets would be subject to federal supervision. “Our proposed rule would mean that those debt collectors and credit reporting agencies that qualify as larger participants are subject to ... Read More »

Credit Scoring is a Scam and a Fraud

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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 have about a credit score ... Read More »

Top 3 Cures for a Low Credit Score

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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 credit score, don’t worry. Here ... Read More »

Quick Credit Tip: Become an Authorized User

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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 credit card, let us take ... Read More »

How to Easily Rebuild and Repair Your Credit After Bankruptcy, Foreclosure, or Repossession

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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 technique. This is just using ... Read More »

If You Use a Yahoo or AOL Email Address. Your Credit Score Probably Sucks

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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 an indication of credit worthiness ... Read More »

Bad Credit Is Bad News for the Unemployed

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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 from, employers can narrow the ... Read More »

The Credit-Scoring Scam of the Century

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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 your ability to build a ... Read More »

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 out a warning last week ... Read More »

Your Roster Number is Your Credit Score

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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 eat chow and what order ... Read More »

What You Need to Know About Your FICO Score

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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 lender may ask one of ... Read More »

VantageScore, FICO Score, Experian Plus Credit Score. Which Credit Score Really Matters?

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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 to produce them the most ... Read More »

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