Inspired by a recent article, several Credit.com staffers are tracking their own personal spending freeze on social media. You can follow their progress as they stop spending and start preparing for the holidays using the hashtag #spendingfreeze on Facebook and Twitter. We’ll also be updating our readers weekly with our insights and struggles on the blog... Read More
Inspired by this article, several Credit.com staffers are tracking their own personal spending freeze on social media. You can follow their progress as they stop spending and start preparing for the holidays using the hashtag #spendingfreeze on Facebook and Twitter. We’ll also be updating our readers weekly with our insights and struggles on the blog —... Read More
One way to gauge if you are financially ready to buy a home is to ask yourself the following four questions: 1. Is My Credit in Good Shape? Before lenders approve a home loan, they will analyze your ability to repay it. To make this determination, lenders will obtain your credit report from one or... Read More
Child identity theft is widespread and the stories that it produces are fascinating, shocking and often terrifying. Here’s a case study from Credit.com partner Identity Theft 911: Kimberly Reed panicked when a state health worker told her that her son wouldn’t be eligible to renew his free health care because he made too much money.... Read More
We often talk about the Big Three credit reporting agencies — Equifax, Experian and Transunion. However, there are other specialty data reports about you that are created by data brokers. Data broker reports are not subject to Fair Credit Reporting Act requirements, which means you aren’t entitled to a free peek at their data every... Read More
New data from Credit.com reveals that married couples with similar credit scores are happier but divorced individuals may be even happier...
Bestselling author and investigative journalist Bob Sullivan has joined the Credit.com editorial team as a regular contributor. Sullivan created the widely read blog The Red Tape Chronicles on MSNBC.com and has authored four books, most recently The Plateau Effect. He will cover big data, the regulatory landscape and consumer finance in weekly posts and his articles will be distributed through Credit.com's broad network of syndication partners.
Credit.com today announced that it has made the latest VantageScore available to consumers at no cost. VantageScore 3.0 has made headlines since its spring release because it is the first credit score to exclude paid collection accounts, including paid medical collection accounts, from its formula, and it is able to score 30-35 million more Americans than earlier credit scoring models. The VantageScore 3.0 is only available to consumers for free via Credit.com.
So you’ve had some negative items on your credit reports — maybe you had late payments, or you defaulted on a credit card, mortgage or other kind of debt, or had collection accounts in your name. Now you’ve resolved the problems with your creditors. Or you might have found errors on your credit reports, or... Read More
If you’re late on your credit card payments, should you be worried about whether a debt collector can garnish your wages? A debt collector can, in fact, garnish your wages, but only if it’s legal to do so in your state. For this to happen, a lawsuit must be filed against you. A possible outcome... Read More