Credit bureaus

Auto Loan: Bank or Dealership

If you are thinking about buying a car, you have probably wondered whether it is better to use dealer financing or finance through a bank or credit union. With dealer-arranged financing, the dealer collects information from you and forwards that information to one or more prospective auto lenders. Alternatively, with bank or other lender financing, you go directly to a bank, credit union, or finance company and apply for a loan. We refer to this type of loan as a “direct loan.” 

Posted on March 19, 2018

The Many Different Credit Scores

Infographic from the Consumer Financial Protection Bureau on the many different types of scores and what they are used for.

Posted on June 28, 2017

Bad News for FFEL Student Loan Borrowers

The U.S. Department of Education's decision to reverse it's rule on the addition of collection fees to student loans may cost borrowers thousands of dollars.

Posted on March 21, 2017

The Right Way to Build Your Credit

If you follow a few sure-fire steps, you can build your credit enough to buy your own house or your own car. Here are five steps to take to get your credit where it needs to be.

Posted on December 23, 2016

Collection Accounts – You Are Looking in the Wrong Direction

There is not a lot that hurts your finances more than having collectors calling and collection accounts on your credit report. However, chasing those accounts may not be the best use of your time.

Posted on December 23, 2016

Perfect Credit Scores; What You Need To Reach the Top

What does it take to hit the top of the credit score scale?

Posted on December 23, 2016

The FICO Credit Scoring Method to Help Those with Little or No Credit

Getting credit can be difficult if you do not already have credit. Learn what FICO has come up with to help people build a good history using their normal bills.

Posted on December 23, 2016

What You Must Know Before Using a Balance Transfer to Consolidate Debt

The days of using balance transfers to get out of debt are not over, but there are certain stipulations you should know before you sign up.

Posted on December 23, 2016

The Double Whammy From a New Credit Card

We have heard that applying for credit can impact our credit score. One or two inquiries may have little effect on the numbers, but having several in a year can take its toll. Those applications can have a greater negative effect if they are for credit card accounts.

Posted on December 23, 2016

Credit Review Program Gives Military Members the Edge Against Fraud, Misuse

Often targets for bogus financial services, military members, veterans and their families need ways to monitor their credit.

Posted on December 23, 2016