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Credit.com

Contributor |  In Personal Finance, Mortgages

Credit.com is the only company of its kind to be founded and run by leading credit experts including journalists, authors and consumer advocates. We’re committed to helping consumers understand and master the confusing world of credit and improve their financial standing by recommending products and actions that are in their best interest.

Many Americans Still Struggling with Credit Card Debt

Managing Debt

Many Americans Still Struggling with Credit Card Debt

Californians owe more to credit card lenders than consumers in other states, according to a new study by the credit monitoring bureau Equifax. In total, these Americans owe nearly $90.6 billion, well ahead of the states with the next two largest outstanding balances, Texas – more than $48.8 billion – and Florida – nearly $47.6... Read More

Commission Calls Mortgage Meltdown Avoidable

Mortgages

Commission Calls Mortgage Meltdown Avoidable

The 10-member Financial Crisis Inquiry Commission, made up of a number of financial experts from the public and private sectors, found that the type of risky mortgage lending that led to the financial crisis was the result of government deregulation, according to a report from the New York Times. While under the direction of former... Read More

Debit Swipe Fee Regulations to be Reviewed

Personal Finance

Debit Swipe Fee Regulations to be Reviewed

House Financial Services Chairman Spencer Bachus of Alabama recently announced that one of the group’s subcommittees will meet on February 17 to discuss whether a Federal Reserve proposal to cap interchange fees on debit card purchases at 12 cents per transaction is fair, according to the committee’s website. “The Committee will be busy this year... Read More

Watchdog Says Mortgage Modification Program Failed

Mortgages

Watchdog Says Mortgage Modification Program Failed

Watchdog Says Mortgage Modification Program Failed

Neil Barofsky, who was appointed special inspector general for bank bailouts, recently spoke before Congress and did not mince words when addressing the Home Affordable Modification Program’s lack of success, according to a report from USA Today. He called it a “failure” with a record for helping consumers that “has been nothing short of abysmal.”... Read More

Nationwide Mortgage Activity Slowed Down Last Week

Mortgages

Nationwide Mortgage Activity Slowed Down Last Week

The nationwide total of mortgage applications filed in the week ending January 26 slipped 12.9 percent on a seasonally adjusted basis over the previous week, according to the latest statistics from the Mortgage Bankers Association. This was largely due to a steep decline in the number of refinances sought by consumers, as this product makes... Read More

Mortgage Fees Change Pricing Already

Mortgages

Mortgage Fees Change Pricing Already

The new fees, known as loan-level price adjustments, don’t take effect until April 1, but already many lenders have begun passing the increases on to customers, according to a report from Dow Jones Newswires. This is because it may take a number of months for loans originated now to be sold to Fannie. “It’s not... Read More

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Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Our Owners

Credit.com is owned by Progrexion Holdings Inc. which is the owner and administrator of a number of business related to credit and credit repair, including CreditRepair.com, and eFolks. In addition, Progrexion also provides services to Lexington Law Firm as a third party provider. Despite being owned by Progrexion, it is not the role of the Credit.com editorial team to advocate the use of the company’s other services. In articles, reporters may mention credit repair as an option, for example, but we’ll also be sure to note the various alternatives to that service. Furthermore, you may see ads for credit repair services on Credit.com, but the editorial team isn’t responsible for the creation or implementation of those ads, anymore than reporters for the New York Times or Washington Post are responsible for the ads on their sites.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team