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Michael Schreiber

Editor-in-Chief, Credit.com |  In Personal Finance, Mortgages

Michael Schreiber is Credit.com’s Editor-In-Chief. He’s worked in print and online news as well as documentaries for The New York Times, Frontline, ABC News, TheStreet.com and others. He attended Columbia University’s Graduate School of Journalism, where he was also an adjunct professor.

Why Credit Makes People So Freaking Mad: A Theory

Credit Score

Why Credit Makes People So Freaking Mad: A Theory

Why Credit Makes People So Freaking Mad: A Theory

No one really likes reading about credit, credit scores and credit reports. As editor of a publication devoted to teaching people about these things, it’s a fact that I’ve had to learn to live with, and it’s not a surprising one. There’s plenty for people to get mad about. Credit is confusing, credit report errors... Read More

FICO vs. FAKO: What’s Your Real Credit Score?

Credit Score

FICO vs. FAKO: What’s Your Real Credit Score?

FICO vs. FAKO: What’s Your Real Credit Score?

There are a lot of different credit scores out there, and this has naturally led some consumers to ask: Which scores should I pay attention to, and what’s my real credit score? People gravitate to the well-known FICO score, by all accounts the market leader in credit scores (meaning more banks use FICO scores than other scores). In... Read More

Even Obama’s Credit Card Has Been Declined

Credit Cards

Even Obama’s Credit Card Has Been Declined

Even Obama’s Credit Card Has Been Declined

Following a speech Friday at the Consumer Financial Protection Bureau in which President Obama discussed an executive order that would require security upgrades to government-issued debit and credit cards, the commander in chief shared one of his own experiences with credit cards… and not a positive one. He discussed an awkward moment at a restaurant... Read More

Could Rental Cats Threaten the Russian Economy?

Mortgages

Could Rental Cats Threaten the Russian Economy?

Could Rental Cats Threaten the Russian Economy?

Given the recent speculation that state-sponsored Russian hackers may be behind recent data breaches at major U.S. financial institutions, in retaliation for U.S. and EU sanctions proposed and imposed against Russia in the wake of the crisis in the Ukraine, we though it appropriate to take a closer look at Russian banking policies. In particular,... Read More

9 Seriously Unhealthy Meals

Personal Finance

9 Seriously Unhealthy Meals

9 Seriously Unhealthy Meals

We’re missing a word in the English language. We need something that means both mouth-watering and nauseating. As someone who probably eats his weight in bacon annually, that was my initial response to a recent study on extreme eating by The Center for Science in the Public Interest. Just look at “The Big Hook Up”... Read More

3 Horrifying Moments in Credit History

Credit Score

3 Horrifying Moments in Credit History

3 Horrifying Moments in Credit History

If you’re struggling with bad credit, the credit system can seem like a towering deck of cards precipitously stacked against you. However, while the consequences for having poor credit are tough today, the truth is that in ages past they were much worse — for everyone. Borrowers were dealt with harshly, and lenders were, too.... Read More

The Smartest Countries in the World?

Personal Finance

The Smartest Countries in the World?

The Smartest Countries in the World?

The United States may have the lion’s share of the cash, but when it comes to brains, we don’t even crack the top ten, according to one recent report. In a ranking of the countries with the highest IQs conducted by StatisticsBrain.com, the United States placed 19th with an average IQ of 98, tied with... Read More

Credit Rage! What’s Your Beef?

Credit Score

Credit Rage! What’s Your Beef?

Credit Rage! What’s Your Beef?

Let’s face it. Credit makes lots of people angry. Credit cards, credit reports, credit scores and lending in general can be a confusing business. That confusion turns into concern, then exasperation, which can morph into rage. It’s completely understandable. Part of what we do at Credit.com is provide people with an outlet for this rage... 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