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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.

Lawmakers Clash Over Student Loan Debt Reform

Students

Lawmakers Clash Over Student Loan Debt Reform

Lawmakers Clash Over Student Loan Debt Reform

Federal lawmakers have been mulling ways to address the growing problem of student loan debt and rising instances of delinquency and default on those accounts, but now conflicting views as to how to do so has stymied progress on Capitol Hill. There are only a few months to go for Congress to decide whether it... Read More

Did Credit Scores Just Get Fairer?

Credit Score

Did Credit Scores Just Get Fairer?

Did Credit Scores Just Get Fairer?

In a move that could have a wide-ranging impact on both the credit scoring business and the availability of credit to consumers, VantageScore Solutions today announced the latest version of its credit scoring model. The company says that the new model, called VantageScore 3.0, has the ability to generate credit scores for tens of millions... Read More

Mixed Reviews on CFPB’s New Mortgage Rules

Mortgages

Mixed Reviews on CFPB’s New Mortgage Rules

Mixed Reviews on CFPB’s New Mortgage Rules

In an effort to forestall a repeat of the 2008 financial crisis, the Consumer Financial Protection Bureau today announced it would issue new mortgage rules designed to ensure that borrowers have the ability to pay back loans before the lender issues them credit. The new lending standards are a requirement of the 2010 Dodd-Frank Act,... Read More

6 Birthday Wishes for the CFPB

Personal Finance

6 Birthday Wishes for the CFPB

6 Birthday Wishes for the CFPB

On July 21 of last year, the Consumer Financial Protection Bureau came into existence. It was born of the chaos that followed the 2008 financial meltdown and its charter became perhaps the most well-publicized and contentious aspect of the Dodd-Frank Wall Street Reform Act. For the first half of its life, it was without a... Read More

Credit.com in the News: 5.20.12

Personal Finance

Credit.com in the News: 5.20.12

Credit.com in the News: 5.20.12

This week the experts from Credit.com contributed to a wide range of publications on subjects including identity theft, credit scores, credit cards and debt. Check out some of the highlights… Adam Levin on Identity Theft Credit.com co-founder and chairman Adam Levin spoke to WABC’s Stacy Sager about what people can do to protect themselves if... Read More

Foreclosure Activity Creeping Up Again

Mortgages

Foreclosure Activity Creeping Up Again

Foreclosure Activity Creeping Up Again

The number of foreclosures by mortgage lenders experienced by consumers nationwide has dipped significantly in recent months due to a recently-settled investigation by state and federal authorities, but now that the case has been cleared up, those incidents are taking place once again. The number of foreclosure filings across the country dipped to a total... Read More

Defaulting on Private vs. Federal Student Loans

Students

Defaulting on Private vs. Federal Student Loans

Defaulting on Private vs. Federal Student Loans

It’s a simple equation, really. Expensive College + No Jobs = Student Loan Defaults. With sky-high tuition, an anemic economy and a tight job market, America is approaching the $1 trillion mark for outstanding student debt (surpassing even credit cards). That means more and more people are having real trouble paying back their student loans.... Read More

Mark Frauenfelder Won’t Kill Chickens

Personal Finance

Mark Frauenfelder Won’t Kill Chickens

Mark Frauenfelder Won’t Kill Chickens

In 2003, Mark Frauenfelder and his wife Carla decided to do something a little crazy. They decided to ditch their lives as freelancers in Los Angeles, following a slowdown in the media business, and move themselves and their two kids (a six-year-old and an infant) to a remote island in the south pacific where the... 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