credit score
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Are Collections on Credit Reports Out of Control?Household debt balances continued their upward trend in the second quarter, with increases in mortgage, auto, and credit card balances, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center...
- Posted August 14, 2018
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Should We Get a Loan to Payoff Our Cards to Boost Our Credit Score? – ChrisQuestion: Dear Steve, Are fixed rate personal loans better than revolving credit (credit cards) for your credit report? I’ve seen different opinions on this so thought I’d ask the expert. Because of a business that failed we...
- Posted August 26, 2016
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Double Standard For Debt Settlement. Not So Sleazy Now, Ask Hilary Clinton, John Glenn and the FEC.Originally published December 11, 2009 Consumer debt is a world of double standards. On one hand you have advocates screaming about the evils of debt settlements or that groups that charge people for professional help to do...
- Posted May 25, 2016
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Help! I Have No Credit ScoreEstablishing a good credit score can be a confusing process, especially if you are getting conflicting advice about the best way to do it. A Credit.com blog reader asked us recently about the best way to build...
- Posted September 4, 2015
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1 in 10 Americans Don’t Have a Credit Score or Credit ReportOne in 10 U.S. adults is invisible to much of the American economy because they have no credit report or score, a new report by the Consumer Financial Protection Bureau has found. Those 26 million adults —...
- Posted May 5, 2015
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National Debt Relief Shares The Good News For Consumers With Bad CreditPhiladelphia, PA (PRWEB) April 12, 2015 National Debt Relief recently shared in an article published April 6, 2015 how consumers who has either a very low credit score or zero credit score can finally have an easier...
- Posted April 21, 2015
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How a ‘Fair’ Credit Score Can Cost You $130KIf anything is certain about credit scores it’s that they change. How much they change can depend heavily on your decisions, and if you want to save money, there are steps you can take to attain and...
- Posted April 5, 2015
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How to Get Your Finances in Order Before You Buy a HomeTo successfully buy a home these days, you’ll need patience, resilience to rejection and sound financial planning. You don’t need to earn gobs of money to successfully purchase a home — well, depending on your area. You...
- Posted March 23, 2015
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Why People With Good Credit Have More Dollars in Their PocketCredit Karma, an online consumer finance platform with more than 35 million members, today launched a new consumer education website in honor of March’s Credit Education Month to better educate consumers about credit health. The new site,...
- Posted March 11, 2015
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5 Things You Absolutely Need to Find in Your Credit ReportsYou probably already know it’s a good idea to review your credit reports and your credit scores. But what happens when you get a copy of your credit report and you aren’t sure what to make of...
- Posted March 6, 2015
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5 Reasons You Can’t Get a MortgageAre you gearing up to refinance or buy a home this year? These five things may stop your mortgage dead in its tracks. Here’s what you need to know to prevent your loan application from being denied. 1....
- Posted March 4, 2015
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The New Credit Score That Rewards You for Paying More Than the MinimumTransUnion, one of the three major credit reporting agencies, has made several changes in the last few years to the credit reports it provides consumers, in addition to developing a new credit score to help lenders better...
- Posted March 4, 2015
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5 Ways You’re Accidentally Wrecking Your CreditIt’s one thing to knowingly make decisions that hurt your credit score. We’ve all been there, and sometimes tough decisions must be made. But it’s an entirely different situation to accidentally wreck your credit. In some cases,...
- Posted March 3, 2015
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4 Reasons a Great Credit Score Won’t Solve All Your ProblemsMore often than not I see clients who tell me they have good credit, yet are still struggling to pay their bills. Having a good credit score is great, but that alone does not necessarily mean you...
- Posted March 2, 2015
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The Change That Could Give Millions of Americans a Better Credit ScoreMillions of consumers could be lifted out of subprime status and get better loan terms if credit reports and scores were broadened to consider on-time utility and rent payments, according to a study released Wednesday by Experian....
- Posted February 25, 2015
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5 Things You Do Every Day That Can Improve Your CreditAmong all the strategies out there for improving your credit standing, it’s important to take note of the things that are easy. Some of the best ways you can help your credit are so ingrained in your...
- Posted February 24, 2015
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4 Tips for Living Without Credit CardsCredit cards can be good financial tools for the responsible consumer. In this day and age they can also feel absolutely essential since some stores, vendors and even airlines require plastic (though you can use a debit card...
- Posted February 23, 2015
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10 Tips for Boosting Your Credit Score in 2015
By Paula Pant, WiserAdvisor.com contributor Your credit score is more than just a three-digit string of numbers; it holds real power over your ability to rent an apartment, apply for a mortgage, secure a car loan and...
- Posted February 19, 2015
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FTC Reviews Credit Report Dispute Process and Reaches ConclusionThe Federal Trade Commission has issued a follow-up study of credit report accuracy that found most consumers who previously reported an unresolved error on one of their three major credit reports believe that at least one piece...
- Posted January 21, 2015
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How Do I Deal With This Old Debt from the Collection Agency? – Tai“Dear Steve, A collection agency is reporting that I opened a credit card in 2011. I was actually totally unable to get credit by 2011 because in graduate school I became unemployed and had some serious financial...
- Posted April 21, 2014
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Ways to Build Credit Without Relying Solely on Credit CardsFor 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...
- Posted May 14, 2013
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How Do I Take Care of The Two Old Debts on My Credit Report? – Alexandra“Dear Steve, I used to have a Chase Credit Card for $500. I haven’t used it since 2008 and because of some problems and no money at that time couldn’t afford to pay it out ($331). Now...
- Posted April 29, 2013
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Should I Get a Charge Off Removed From My Credit Report? – Defanso“Dear Steve, My overall credit goes from fair to good depending on the credit agency, scores 686, 704, 708. For the past 2 years my payment history listed as 99.99% on time. I’ve paid off all of...
- Posted April 18, 2013
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I’m Only Going to Live on Cash and I Don’t Care About My Credit Score. – Lee“Dear Steve, If I had the money to settle ,then why would I not just pay the debt? Seems to me it would have a two fold effect 1 would not have to deal with those damn...
- Posted April 12, 2013
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Credit Reports Screwed Up. Anyone Surprised?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...
- Posted February 11, 2013
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I Want to Improve My Credit and Get a Mortgage With My New Wife. – Devin
“Dear Steve, Although I have made great strides in the last 4 years, I brought a poor credit history and score to our marriage (married for 5 months). My wife, whose name is on our mortgage as...
- Posted February 8, 2013
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My Credit Score Sucks. How Can I Make It Better? – Thomas“Dear Steve, I have a great job $80k a year, two kids and a wife who watches the two children destroy our home all day. I’m 28 and all of my debt is a whopping $500 or...
- Posted January 30, 2013
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I’m 21 Years Old and My Credit Score Sucks. How Can I Improve It? – Lore“Dear Steve, Hello, I am 21 years old and recently checked my credit score. Due to pass due bills not being paid I am carrying a 580 credit score. I am aware that this is horrible but...
- Posted January 17, 2013
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I Want to Get a Student Loan to Improve My Credit Score. – Eli“Dear Steve, I have a great credit score (mid-700’s), nothing negative in my credit history, 10 year credit history, 10 open credit cards, have paid every single credit card bill in full on time my entire life,...
- Posted January 7, 2013
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My Fiancee is in Debt. How Can We Get Rid of it Before We Marry? – David“Dear Steve, My fiance is in about $2,000 debt. I knew he had debt but we’re just now talking about all of this. It’s with three different places. Golds Gym -$861, Dish Network -$479, and Verizon -$789....
- Posted December 17, 2012
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Suicide Over Student Loans. Tragic But Understandable.It seems more people are contacting me these days who look at suicide as a way out of primarily private student loan debt. I’m sure you have the same visceral reaction as I do and feel everyone...
- Posted July 20, 2012
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I Had Good Credit and Then Got Behind. I Want a Quick Way to Raise My Credit Score. – Tim
“Dear Steve, Score was 720 a few years ago than the economy and credit card processors held my companies money! Now my score is in the 400s how do I get it back up So I had...
- Posted June 11, 2012
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Credit Reports, Credit History, and Credit Scores in Hiring and Job Performance. Is It Even Fair?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...
- Posted May 18, 2012
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Is It Illegal for a Creditor and Collector to Report The Same Account? – Josh
“Dear Steve, Is it illegal for both a creditor and a collector to report the exact same account? I have several old credit cards that show charged off and then a duplicate of that account by a...
- Posted May 3, 2012
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Credit Score Dropping, I Owe the IRS, and Need More Student Loans
I have been trying hard over the past years to get out debt. I currently owe the IRS , have student loans, and to make it worse I am back in graduate school accumilating more debt. I...
- Posted March 21, 2012
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Credit Scoring is a Scam and a FraudI 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...
- Posted January 29, 2012
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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...
- Posted December 2, 2011
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Federal Reserve Report Digs Into Consumer Debt
A new Federal Reserve report is out that describes the status of household debt and credit developments in the third quarter of 2011. The report shows the total amount of indebtedness is still mostly contracting. The number...
- Posted November 28, 2011
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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...
- Posted November 3, 2011
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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...
- Posted October 25, 2011
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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...
- Posted October 5, 2011
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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...
- Posted September 14, 2011
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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...
- Posted July 20, 2011
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Working on Raising My Credit Score and Need Some Advice. – Shawn
“Dear Steve, Working on my credit to raise my score and need some advice and or assistance. i have pulled my credit reports and i have found a lot of discrepencies and things that should have been...
- Posted June 25, 2011
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Can My Wife and I Independently Go Into a Debt Relief Program? – Paul
“Dear Damon, My Wife just closed her business and the outstanding unsecured debt is about 100K. My personal debt is about 38K. I want to go on a debt relief program where a company negotiates a reduced...
- Posted May 24, 2011
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Bank Errors Taint Credit Reports and Lower Credit Scores
by Marian Wang, ProPublica, We’ve pointed out cases in which banks’ miscommunication and disorganization have caused mistaken foreclosures , but as several recent reports have noted, that’s not the only way in which bank mistakes...
- Posted January 6, 2011
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SteveSavers – Group Discounts to Save Big Bucks on Debt and Credit Help
Today I’m announcing a new free service of the GetOutOfDebt.org site, SteveSaver’s. So what is a SteveSaverTM you are probably asking? There are a number of areas that people spend money on credit and debt issues. They...
- Posted December 13, 2010
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FreeScore.com – Debt Relief Television Commercial
Commercial Name: FreeScore.com Car Dealership Record Date: 11-06-2010 Network/Channel: WRAZ Fox Description: Man is sitting at car dealership and is denied for loan. Men in spandex standing behind him, one short guy in hockey mask. Just one...
- Posted November 6, 2010
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Clinton Wants to Know “Am I Doing The Right Thing By Repaying My Debt?”
Clinton “Dear Steve, I am receiving social security disability insurance (SSDI) and got abandoned with a mortgage back in 2007 that went into foreclosure. I know I can’t get the foreclosure removed but I have been diligently...
- Posted September 8, 2010
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Am I Able to Settle My Debts With My Credit Card Companies Even Though I’m Current? – Kaye
Kaye “Dear Steve, I have $25,000 in credit card debt (that I am current on and make the minimum payments each month). Should I file bankruptcy? Am I able to “settle” with any of these creditors to...
- Posted August 27, 2010
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