Are lenders required to report to the credit bureaus?
Are lenders required to report to the credit bureaus? Auto Loans by John Ulzheimer Share Share Email Repeat after me…There isn’t a law that requires lenders to report to the three major credit bureaus – Equifax, Experian and TransUnion. It’s entirely voluntary. And, the credit bureaus can pick and choose with whom they want to […]
Climb Credit Score Ladder: FICO Score
Climb Credit Score Ladder: FICO Score Credit for Beginners by David B. Coulter Share Share Email What is FICO Score? A FICO score is a specific type of score that lenders use to make borrowing decisions. A credit score is a three-digit score that is used to measure how well you manage credit and debt. […]
What if someone asks you to co-sign?
What if someone asks you to co-sign? Auto Loans by John Ulzheimer Share Share Email When family or friends ask to borrow money, they’ve placed you in a very difficult and almost unfair situation. You want to help your relative so they can qualify for student loan, car loan or credit card. The person can […]
Short Sales Being Reported to Credit Bureaus as Foreclosures? Problem Will Be Solved
Short Sales Being Reported to Credit Bureaus as Foreclosures? Problem Will Be Solved Credit Report by John Ulzheimer Share Share Email “John, I recently went through a short sale to get rid of my home. I realize this is bad for my credit but I had no idea it was going to show up as […]
Why do employers pull credit reports?
Why do employers pull credit reports? Credit Report by John Ulzheimer Share Share Email Of all the credit related topics I write about none of them (and I really mean NONE of them) stirs up more of an emotional reaction than the use of credit reports by employers. Employers, as you may know, are allowed […]
How Do I Avoid Being Cheated While Shopping Online?
How Do I Avoid Being Cheated While Shopping Online? Credit Cards by John Ulzheimer Share Share Email The National Retail Federation’s (NRF) digital division, Shop.org, is forecasting 2012 online holiday sales will increase 12 percent to almost $96 billion. This represents a substantial increase and there will be more scammers out there trying to take […]
Pay Off Debt Faster With These Simple Monthly Budget Tips
Pay Off Debt Faster With These Simple Monthly Budget Tips Credit for Beginners by David B. Coulter Share Share Email Trying to figure out how to pay off debt faster? The interwebs will likely offer you countless budgeting tips that may or may not work for you — budgeting tips that suggest you stop buying […]
Why Do Retailers Ask For My Zip Code? Should I Give it to Them?
Why Do Retailers Ask For My Zip Code? Should I Give it to Them? Credit Cards by John Ulzheimer Share Share Email Remember the last time you used a credit card at either the mall or at a gas station? You were likely asked to either punch in your zip code or were asked verbally […]
What You Need to Know About Your Credit Cards Before Traveling Abroad
What You Need to Know About Your Credit Cards Before Traveling Abroad Credit Cards by David B. Coulter Share Share Email There are few things more frustrating than discovering that you don’t have access to your funds while traveling abroad. Finding yourself without money in a foreign land, where few people speak English, can be annoying, […]
How Can I Get A Great FICO Score?
How Can I Get A Great FICO Score? Credit Cards by John Ulzheimer Share Share Email FICO, the inventor of the credit score, conducted analysis on those with high credit scores (from 785 to 850), which are called the “high achievers”. FICO® scores range from 300 to 850, with the higher the score the lower […]