Are We Better Off With the CARD Act, or Not?
Are We Better Off With the CARD Act, or Not? Civil Penalty by John Ulzheimer Share Share Email Between 2007 and 2009 most of the large credit card issuers were changing the terms of some of their customer’s accounts. The reason they did so was because of a general lack of comfort for credit risk […]
Why Won’t A Lender Let Me Provide Them With My Own Credit Reports and Credit Scores?
Why Won’t A Lender Let Me Provide Them With My Own Credit Reports and Credit Scores? Credit Monitoring by John Ulzheimer Share Share Email I got a fabulous consumer question today regarding a lender’s use of an “RMCR” credit report and why lenders won’t use credit reports provided by consumers for risk assessment. “John, I’m […]
Shopping for a Loan
Shopping for a Loan Uncategorized by David B. Coulter Share Share Email Cheers to a New Job! A scenario we witness very often in our society goes something like this: you get a new job or a pay raise and everything changes. With the first paycheck you move to a new neighborhood. With the second […]
What Credit Score Do I Need for a Personal Loan?
What Credit Score Do I Need for a Personal Loan? Credit for Beginners by David B. Coulter Share Share Email If you’re looking to meet additional expenses or expand into new ventures and don’t want to rely on credit cards, one option is to apply for a personal loan. One of the criteria that lenders […]
Should I care which credit bureau the lender uses when I apply for credit??
Should I care which credit bureau the lender uses when I apply for credit?? Credit Monitoring by John Ulzheimer Share Share Email “John, I’ve read articles where you use the term “strategic shopping” to describe choosing lenders that use the credit report where you have the highest FICO or VantageScore credit score. Can you elaborate […]
Are Auto Insurance Claims on My Credit Reports?
Are Auto Insurance Claims on My Credit Reports? Auto Loans by John Ulzheimer Share Share Email When you file a claim on your auto insurance policy, it is reported to insurance claims databases compiled LexisNexis. LexisNexis is the most widely used by the insurance companies. These companies are consumer reporting agencies, just as Equifax, Experian […]
Can Student Loans Lower My Credit Scores?
Can Student Loans Lower My Credit Scores? Credit Monitoring by John Ulzheimer Share Share Email FICO, the company that invented the credit score, recently conducted a study of student debt using data from one of the three major credit bureaus. The average debt was $26,549 in 2012, compared to $17,236 in 2005 or a 54 […]
Why Are My Credit Scores Different On Each Credit Report?
Why Are My Credit Scores Different On Each Credit Report? Credit Cards by John Ulzheimer Share Share Email Circa 1997, that was one of my interview questions when I was interviewing for my job at FICO. Whew, it’s a good thing I answered correctly or I might be writing about something other than credit. This […]
Is It More Expensive To Rent in 2012?
Is It More Expensive To Rent in 2012? Credit Report by John Ulzheimer Share Share Email TransUnion, one of the three national credit bureaus, conducted a survey in June 2012 of 1,248 property managers. The responders consisted of 1,107 small property managers, who managed 200 or fewer units, and 141 large property managers, who managed […]
Simple Steps to Disputing Credit Report Errors
Simple Steps to Disputing Credit Report Errors Credit Monitoring by Maria Shahid Share Share Email Credit report errors are quite common, which makes knowing how to dispute them very important. But how exactly can a credit report error affect you, and what do you do if it happens to you? If you find something in […]