The FTC’s Credit File Accuracy Study…Fair and Balanced
The FTC’s Credit File Accuracy Study…Fair and Balanced Credit Cards by John Ulzheimer Share Share Email Yesterday the FTC released their long awaited credit file accuracy study. It consumed my day. I did 14 interviews with major media outlets and I went to bed dead tired at 8:00. But enough about me. While the press […]
If I Pay A Collection Will It Stay On My Credit Reports For Seven More Years?
If I Pay A Collection Will It Stay On My Credit Reports For Seven More Years? Credit Monitoring by John Ulzheimer Share Share Email I recently received this question from a reader regarding how to deal with old unpaid collections. “John, I am applying for a mortgage loan and the loan officer is telling me […]
How Can I Get A Collection Removed From My Credit Reports?
How Can I Get A Collection Removed From My Credit Reports? Credit Monitoring by John Ulzheimer Share Share Email First, how did the collection get there in the first place? After a lender has made many attempts to get you to pay a bill that is past due and has not been successful, they may […]
How Many Points Are Late Payments Worth In Your Credit Score?
How Many Points Are Late Payments Worth In Your Credit Score? Bankruptcy by John Ulzheimer Share Share Email I had so much fun writing my article about how many points inquiries are worth that I figured I’d follow up the theme and write about how many points delinquencies are worth. So, finally, here’s the answer […]
Consumer Debt Increased in August
Consumer Debt Increased in August Auto Loans by John Ulzheimer Share Share Email In August 2012, we saw the largest increase in consumer debt in three months. According to the Federal Reserve, it was $2.73 trillion, which was 5.5 percent above July 2008. The categories that increased were auto, student loans, and credit card; the […]
Is Your Employer Forcing You To Take Your Income On A Prepaid Debit Card? The CFPB Is About To Change That
Is Your Employer Forcing You To Take Your Income On A Prepaid Debit Card? The CFPB Is About To Change That Credit Cards by John Ulzheimer Share Share Email It’s almost inconceivable to believe but there are actually employers out there who are forcing their low wage, hourly employees to take their paychecks on prepaid […]
Credit Report Error Rates Vary Wildy, Depending on Study Authors
Credit Report Error Rates Vary Wildy, Depending on Study Authors Credit Report by John Ulzheimer Share Share Email Credit report error rates vary wildly, depending on who you believe, from less than 1% to almost 80%. There have been a small number of studies conducted on the topic and another is set to be released […]
Will An Eviction Show Up On My Credit Report?
Will An Eviction Show Up On My Credit Report? Auto Loans by John Ulzheimer Share Share Email An eviction from a rental property is not reported to the three consumer credit reporting agencies – Equifax, Experian and TransUnion. But (there is always an exception) this information could be reported as a collection or judgment on […]
What Is an Excellent Credit Score and How Do You Get One?
What Is an Excellent Credit Score and How Do You Get One? Credit Cards by Maria Shahid Share Share Email Having a good credit score is crucial if you ever hope to be approved for credit cards or loans without sky-high APRs. Ranging from 300–850, the three-digit number proves to lenders and credit card companies […]
How Many Credit Cards is Too Many for My Credit Score?
How Many Credit Cards is Too Many for My Credit Score? Credit Cards by John Ulzheimer Share Share Email There are only a small handful of credit score myths that have been able to stand the test of time. One of them is certainly that you have to have an exact number of credit cards […]