Equifax Fined by the FTC

Equifax Fined by the FTC Civil Penalty by John Ulzheimer Share Share Email Recently Equifax, one of the three national credit bureaus, agreed to a settlement with the Federal Trade Commission (FTC) for $393,000.  The Federal Trade commission fined them for improperly selling lists of consumers who were late on their mortgage payments.    Equifax sold […]

Do 42,000,000 Consumers Really Have Errors In Their Credit Reports?

Do 42,000,000 Consumers Really Have Errors In Their Credit Reports? Civil Penalty by John Ulzheimer Share Share Email On Monday February 11th the Federal Trade Commission will release a long awaited 370 page study on credit report accuracy. The study, which was profiled on 60 Minutes Sunday evening, paints a disturbing picture of credit report […]

Can My Wages Get Garnished If I Don’t Pay My Creditors?

Can My Wages Get Garnished If I Don’t Pay My Creditors? Bankruptcy by John Ulzheimer Share Share Email I got the following regarding garnishments from a Facebook friend last week… “John, I had some credit problems in 2007 and I thought time had healed the wound.  I’m wrong.  I found out from my employer, AT […]

Managing Credit Accounts and Finances for a Loved One

Managing Credit Accounts and Finances for a Loved One Credit Monitoring by David B. Coulter Share Share Email Imagine that the unthinkable happens and your loved one suffers from sudden memory loss or an extended illness. Would you be able to step in and take over their financial affairs? Perhaps you’re in that situation now. […]

How Different Types of Bank Accounts Affects Your Credit Score

How Different Types of Bank Accounts Affects Your Credit Score Credit for Beginners by David B. Coulter Share Share Email Most people know that opening a new credit card account or applying for a mortgage affects their credit score. But did you know that, while it’s rare and situational, opening and closing other accounts — […]

If I order a copy of my credit report, will it hurt my credit scores?

If I order a copy of my credit report, will it hurt my credit scores? Auto Loans by John Ulzheimer Share Share Email When you get a copy of your credit report and/or monitor your credit, there is no impact on your credit or your score.  A credit inquiry is recorded on your credit report […]

What Is ScoreMaster?

What Is ScoreMaster? Credit Report by Maria Shahid Share Share Email Has your credit ever gotten to an all-time low, and you didn’t know what to do? Are you trying to reach your dream credit score, but you’re not sure how to get there? With ScoreMaster, you can be the master of your credit score. […]

Is Credit Repair a Scam, or Does It Really Work?

Is Credit Repair a Scam, or Does It Really Work? Bankruptcy by John Ulzheimer Share Share Email Nothing polarizes credit industry players like the topic of credit repair. When you think of credit repair companies you might envision the sleazy business person bilking the uneducated consumer out of thousands of dollars while promising that they […]