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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.

Are You Charging More? Credit Card Debt Surges 9.3%

Credit Cards

Are You Charging More? Credit Card Debt Surges 9.3%

Are You Charging More? Credit Card Debt Surges 9.3%

The improving economy has led some consumers to behave in ways they may not have in the past few years, and this change was recently reflected by a significant uptick in nearly all types of borrowing in May. The total amount of credit card debt held nationwide surged 9.3 percent in May, rising to $856.5 billion from the previous... Read More

California AG: Many Data Breaches Were Avoidable

Identity Theft

California AG: Many Data Breaches Were Avoidable

California AG: Many Data Breaches Were Avoidable

The number of people impacted by data breaches continues to grow, and California is no exception, where millions of people had their personal information exposed in breaches last year alone. In 2012, some 2.5 million state residents had sensitive personal or financial information exposed in just 131 data breaches reported to the government, according to... Read More

Will Home Prices Jump 9% in a Year?

Mortgages

Will Home Prices Jump 9% in a Year?

Will Home Prices Jump 9% in a Year?

Housing market improvements during the past year or so have led to significant increases in home prices nationwide, and they are expected to continue to rise. On a quarterly, semi-annual or year-over-year basis, all projections show that home prices will continue to rise in the near future, according to the latest Home Data Index Market... Read More

Foreclosures Continue to Drop

Mortgages

Foreclosures Continue to Drop

Foreclosures Continue to Drop

The housing market has been improving by leaps and bounds for more than a year, and this growth has resulted in a steady decline in the number of foreclosures nationwide. There were about 52,000 foreclosure actions completed nationwide in May, down approximately 27 percent from the 71,000 observed at the same time in 2012, according... Read More

Why Do I Have Multiple Credit Scores?

Credit 101

Why Do I Have Multiple Credit Scores?

Why Do I Have Multiple Credit Scores?

Credit.com reader Lindsay recently asked us a question: “Why do I have more than one credit score?” Our Co-Founder and Chairman Adam Levin explains why you have multiple credit scores and how to understand every single one of them. Have more credit questions? Here are some great video answers our experts have given: How Can I... Read More

Paying With Cash Could Earn You a Discount at More Retailers

Credit Cards

Paying With Cash Could Earn You a Discount at More Retailers

Paying With Cash Could Earn You a Discount at More Retailers

Americans who prefer paying with cash, rather than credit cards, are likely to see a larger amount of discounts coming their way in the near future thanks to new rules that allow for greater flexibility among businesses in this regard. Already, many companies have started putting the new allowances to use. A settlement between Visa and... Read More

Will Higher Student Loan Rates Hurt the Housing Market?

Mortgages

Will Higher Student Loan Rates Hurt the Housing Market?

Will Higher Student Loan Rates Hurt the Housing Market?

Numerous borrowers nationwide carry student loan balances and know all too well how they can significantly restrict financial capabilities soon after graduation. Now, as that problem becomes even more pronounced in the coming years, some are wondering whether it might have a negative impact on the housing market as well. Federal student loan interest rates recently doubled as a result of inaction from... Read More

Virus Exposes More Than 4,000 Identities at Montana College

Identity Theft

Virus Exposes More Than 4,000 Identities at Montana College

Virus Exposes More Than 4,000 Identities at Montana College

A number of government organizations and universities nationwide have recently been hit with data breaches that exposed significant amounts of sensitive information on people of all backgrounds, and the latest of these incidents took place in Montana. Employees who either currently or formerly worked at Montana State University may have been exposed in a data breach caused by a virus... Read More

Des Moines Working to Help Underbanked

Personal Finance

Des Moines Working to Help Underbanked

Des Moines Working to Help Underbanked

Millions of Americans have bank accounts that they rely upon in their everyday lives to complete all sorts of transactions, but a large percentage of people nationwide also go without these traditional banking option when it comes to dealing with their finances. For this reason, Des Moines, Iowa, is now launching a program to help these... Read More

Homeownership Rates at Lowest Level Since 1976

Mortgages

Homeownership Rates at Lowest Level Since 1976

Homeownership Rates at Lowest Level Since 1976

While the housing recovery seen during the past year or more has brought millions of homeowners back to positive standing with their mortgages, there is still a sizable portion of the population that may be having significant difficulties coping with market conditions. Rising prices, growing demand and stabilizing construction rates have made the national real estate... Read More

Show Me More by Credit.com

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