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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 Older Americans Souring on Homeownership?

Mortgages

Are Older Americans Souring on Homeownership?

Are Older Americans Souring on Homeownership?

Renting a property, whether it’s an apartment or a whole house, has become extremely popular in the last few years as a result of the difficult economy and flagging housing market, but new improvements in both seem to be encouraging many to turn their eyes toward homeownership. The vast majority of people consider both homeownership... Read More

Credit Card Balances Inch Up Again

Credit Cards

Credit Card Balances Inch Up Again

Credit Card Balances Inch Up Again

Since the end of the recession, millions of Americans have made significant strides in trying to reduce their debts, particularly with regard to their credit cards. More recently, however, balances held nationwide have fluctuated somewhat, with the most recent data showing a slight increase in April. The total amount of consumer credit card debt held nationwide rose about 1 percent... Read More

Are Credit Cards Vital to the Economy?

Credit Cards

Are Credit Cards Vital to the Economy?

Are Credit Cards Vital to the Economy?

Consumers have largely tried to cut their dependence on credit cards since the recession began. However, the vast majority of Americans believe credit cards are important for the continued health of the economy and the American small business sector. Today, more than seven in 10 adults say that the economy is at least somewhat dependent upon... Read More

Expert: Housing Recovery Is Hardly ‘Normal’

Mortgages

Expert: Housing Recovery Is Hardly ‘Normal’

Expert: Housing Recovery Is Hardly ‘Normal’

The housing market has made so many strides in the past few years due in large part to low prices and rates combining to create sky-high affordability that many experts see gains in the future being somewhat predictable. However, this may not be the case, thanks to the many irregularities that separate the current recovery... Read More

Data Breach Cost Rises to $136 Per Exposed Record

Identity Theft

Data Breach Cost Rises to $136 Per Exposed Record

Data Breach Cost Rises to $136 Per Exposed Record

The number of data breaches has grown steadily over recent years, and for companies getting hit by them, the costs associated with dealing with the fallout are rising too. The average cost of dealing with a data breach in the U.S. alone may have dropped slightly to $5.4 million last year, but the the number... Read More

Home Prices Rise 8.2% From Last Year

Mortgages

Home Prices Rise 8.2% From Last Year

Home Prices Rise 8.2% From Last Year

The housing market has been taking significant steps forward in recent months and rising home prices continued through the end of May. On a national basis, prices grew 1.3 percent over the previous three months through the end of May, according to the latest Home Data Index Market Report from analysis firm Clear Capital. However, on an annual basis,... Read More

Only 41% of Americans Spend Less Than Their Income

Personal Finance

Only 41% of Americans Spend Less Than Their Income

Only 41% of Americans Spend Less Than Their Income

To deal with their finances in a more responsible manner, numerous consumers altered their spending and saving habits in recent years. Unfortunately, this wasn’t the case across the board. It seems that a large percentage of Americans still have some financial bad habits that they’re holding onto. Young people, in particular, appear to be in need of some new financial habits, as they... Read More

NSA’s PRISM Monitored Credit Card Transactions

Credit Cards

NSA’s PRISM Monitored Credit Card Transactions

NSA’s PRISM Monitored Credit Card Transactions

A controversial federal government initiative to keep close tabs on consumers’ Web browsing habits and other information recently came to light, and the program reportedly also kept close tabs on borrowers’ credit card transactions. The National Security Agency’s PRISM program was put into place as part of the nation’s anti-terrorism efforts, but many critics say... Read More

New York DMV Data Breach Leads to 11 Felony Charges

Identity Theft

New York DMV Data Breach Leads to 11 Felony Charges

New York DMV Data Breach Leads to 11 Felony Charges

Data breaches are becoming more common for a number of reasons, but even despite a number of technological advances in recent years, one of the biggest causes of these incidents is still the fact that some workers with access to sensitive information abuse that privilege. That was the case in a recent data breach with... Read More

More Big Companies Say No to Swipe-Fee Deal

Credit Cards

More Big Companies Say No to Swipe-Fee Deal

More Big Companies Say No to Swipe-Fee Deal

A recently approved settlement between the world’s two largest processors of debit or credit card payments and a number of major retail groups has proven extremely controversial, and now more companies are opting out of the agreement in protest. Barnes and Noble, as well as a trade group representing many independent book retailers and other companies, have... 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