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Bob Sullivan

Contributor |  In Personal Finance, Identity Theft

Bob Sullivan is author of the New York Times best-sellers Gotcha Capitalism and Stop Getting Ripped Off. His stories have appeared in The New York Times, the Wall Street Journal, and hundreds of other publications. He has appeared as a consumer advocate and technology expert numerous times on NBC’s TODAY show, NBC Nightly News, CNBC, NPR’s Marketplace, Terry Gross’ Fresh Air, and various other radio and TV outlets. He helped start MSNBC.com and wrote there for nearly 20 years, most of it penning the consumer advocacy column The Red Tape Chronicles. See more at www.bobsullivan.net. Follow Bob Sullivan on Facebook or Twitter.

FICO vs. VantageScore: The Credit Score Rivalry Heats Up

Credit Score

FICO vs. VantageScore: The Credit Score Rivalry Heats Up

FICO vs. VantageScore: The Credit Score Rivalry Heats Up

VantageScore is making headway into the credit score market dominated by FICO, says the firm behind the upstart measure of credit-worthiness. Nearly one billion VantageScores were generated in 2014 — a 600% increase — says VantageScore Solutions LLC, a creation of the nation’s three credit bureaus. The number of banks using the scores increased by… Read More

The Growing Danger to Elderly Americans

Identity Theft

The Growing Danger to Elderly Americans

The Growing Danger to Elderly Americans

The first signs of elder financial abuse are easy to miss. Maybe there’s a new, overeager “best friend” who gives off a strange vibe. Or excessive secrecy around an online lover. Paranoia or anger when talking about money can be a tipoff, too. Don’t count on discovering sudden large withdrawals from savings or checking accounts…. Read More

More People Are Complaining About Debt Collection Scams

Identity Theft

More People Are Complaining About Debt Collection Scams

More People Are Complaining About Debt Collection Scams

Fake debt collection scams are on the rise, and now rank among the top complaints scammed consumers file around the country, the National Consumers League says. The consumer advocacy organization issued a special warning about the scams, which generally involve a cold call from a would-be criminal trying to intimidate the recipient into paying for… Read More

The Most Surprising Tax Complaint in America

Identity Theft

The Most Surprising Tax Complaint in America

The Most Surprising Tax Complaint in America

Tax ID theft has grown so quickly that it accounts for one-third of all consumer complaints about the crime, the Federal Trade Commission said Monday. And complaints about fake IRS agents trying to scam consumers grew more than 20-fold last year, the agency said. The problem is so bad that the agency created Tax Identity… Read More

New Scorecard Will Rate Student Debit Cards

Personal Finance

New Scorecard Will Rate Student Debit Cards

New Scorecard Will Rate Student Debit Cards

While college credit cards with bad terms may be disappearing from America’s college campuses, many are simply being replaced with debit cards that come with hidden fees and other booby traps, regulators warned Wednesday. The Credit CARD Act financial reform bill passed by Congress in 2009 placed strict regulations on how credit card issuers could… Read More

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