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Credit Scoring is a Scam and a Fraud

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 …

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I Missed My Credit Card Payments and I’m Freaking Out. – John

“Dear Steve, I am a student. Graduating from a university with a Bachelors Degree in business. I have 3 credit cards and a car loan. I am behind one month on 2 of my credit cards. I have applied for jobs and will have an interview next week, but even if I do get the …

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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 …

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Verizon is Listing Accounts on My Credit Report I Don’t Owe. – Marc

“Dear Steve, Checking my credit report I found verizon phone company had 4 derogatory accounts listed ( two had claim skip tracing on them), which I have no recall on. three claim to be accounts started same day in September 2006. I was using AT&T cell phone since 2005 as only phone service. I contacted …

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Easy Credit – Logansport Pharos, Logansport, Indiana, May 15, 1886

ONE lesson taught by the hard times, says a current writer, is to keep out of debt, and how to do it. “This Is a forced lesson like some of the others, but none the less valuable, for it has been well learned. In many places merchants and others have narrowed the doors of credit; …

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Insurance Scores: How Your Credit History Affects Your Insurance

What does the information in your credit report have to do with your automobile or homeowner’s insurance? Perhaps more than you think! Many insurance companies these days use insurance scores to help determine eligibility for their policies, evaluate policies for renewal and sometimes to determine rate discounts. Insurance scores are popular with insurance companies because …

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Secret Credit Bureaus You Don’t Know About, But They Know About You

So let me tell you a story about secret credit bureaus that you don’t know about. Most of us have some knowledge about the three major credit bureaus that hold our credit report and credit score. The three biggies are Equifax, Experian and Transunion. But there are more places that hold information about you. Have …

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