Credit bureaus

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

How One Extra Payment Can Make a Huge Dent in Debt

We often hear experts say making one extra payment towards debt can help us pay it off much faster. Is it true? See for yourself how easy it is.

Posted on December 23, 2016

How Honest is that Credit Card Comparison Site

As you watch television, surf the Internet and flip through your favorite magazine, you will undoubtedly see companies advertising that they can show you the best deals in plastic - credit - for you to consider. There are a few reasons to hesitate from relying too much on information that looks like it’s coming from a neutral source. The main one is because the source might not be neutral at all.

Posted on December 23, 2016

Time and Debt Repayment Still the Best Strategy for Increasing a Credit Score

Some of you might be rejoicing a bit because of news that the chief credit scoring outfit, FICO, is changing its rules about how it scores debtors. The main change is that the new system will draw a distinction between medical debt and regular debt. The other big change is the new system will disregard medical collection accounts if they are paid or settled.

Posted on December 23, 2016

Medical Debt, New FICO Score Good News or No News

Last week, FICO, the nation's top credit score provider, announced upcoming changes to the way some debts impact your credit score. This could be good news for thousands of people, if lenders adopt this new model.

Posted on December 23, 2016

Urban Institute Study Raises the Question of Why People are not Reaching Out for Financial Help

People may be hesitant to reach out for help due to misconceptions about financial counseling. Here are some of the false beliefs that consumers admitted in the 2014 NFCC Financial Literacy Survey

Posted on December 23, 2016

You Received the Offer, Now Should You Open the Account?

The news that lenders are sending offers to riskier borrowers should remind you of one truth we all should have learned from the financial crisis seven years ago; just because you can borrow money doesn’t mean you should.

Posted on December 23, 2016