FICO Study on Credit and Debit Card Fraud
FICO Study on Credit and Debit Card Fraud Credit Monitoring by John Ulzheimer Share Share Email FICO, the company that invented the credit score, recently conducted research on debit and credit card fraud in the U.S. The research was conducted from January 2010 to September 2011 and included hundreds of millions of active credit and […]
How does negative information impact my score?
How does negative information impact my score? Auto Loans by John Ulzheimer Share Share Email The consumer watch dog, the Consumer Financial Protection Bureau (CFPB) recently released a study regarding how consumer data is managed. The paper was titled “Key Dimensions and Processes in the U.S. Credit Reporting system: A review of how nation’s largest […]
Are American Express Cards Counted In Revolving Utilization By FICO Scores?
Are American Express Cards Counted In Revolving Utilization By FICO Scores? Credit Cards by John Ulzheimer Share Share Email I received an excellent question today via my Facebook page regarding American Express cards. “John – How’s it going? I’m a credit score junkie and one of the areas that has confused me is how American […]
What Is ScoreBuilder?
What Is ScoreBuilder? Credit Report by Maria Shahid Share Share Email If your credit has fallen due to unforeseen circumstances, you need not to worry. Having a low credit score can feel like you have dropped into a rabbit hole you cannot climb out of. Financial instability can be life-altering and very stressful. If you […]
Should I Become Fair Credit Reporting Act Certified?
Should I Become Fair Credit Reporting Act Certified? Bankruptcy by John Ulzheimer Share Share Email “John, I work in the credit industry and I would like to learn more about the Fair Credit Reporting Act. Are there places I can go to take classes about the FCRA?”
If I Apply For A Job Will The Employer Pull My Credit Report?
If I Apply For A Job Will The Employer Pull My Credit Report? Credit Monitoring by John Ulzheimer Share Share Email “John, I just got a job with a local bank and they pulled my credit report before they hired me. I wasn’t thrilled about them doing this but I wanted the job so I […]
The Difference Between Identity Theft and Credit Card Fraud
The Difference Between Identity Theft and Credit Card Fraud Credit Report by David B. Coulter Share Share Email Now more than ever, people need to be careful to avoid falling victim to someone compromising their accounts. There are many ways someone with bad intentions can steal your sensitive data and/or information, which can put you […]
What’s the Difference Between Interest and APR?
What’s the Difference Between Interest and APR? Credit Score by Maria Shahid Share Share Email So, what is the difference between interest rate and APR? And which one is more important? If you use credit products, you´ll want to understand these terms so that you can make informed decisions. What’s the Difference Between Interest Rate […]
CFPB launches credit report complaint database
CFPB launches credit report complaint database Credit Cards by John Ulzheimer Share Share Email The CFPB just announced their new online credit report complaint database. Credit reporting agencies like TransUnion, Experian, and Equifax, provide reports and credit scores that effectively tell lenders what sort of human being you are. Your credit reports influence whether or […]
How Can I Avoid My Credit Card Being Closed?
How Can I Avoid My Credit Card Being Closed? Credit Cards by John Ulzheimer Share Share Email Don’t Not Use Your Card – Ok, the poor grammar was intentional and corny but I think I’ve made my point. Credit card issuers are in busy to make money and make a profit. They can’t do either […]