How Can I Erase Judgments From My Credit Reports?

Credit 101

How Can I Erase Judgments From My Credit Reports?

How Can I Erase Judgments From My Credit Reports?

Credit reporting can be very confusing for consumers. We get this question all the time: How do the three major credit bureaus — Equifax, Experian and TransUnion — gather the information in our credit reports, and how come they sometimes disagree? A Credit.com reader using the screen name “Tammy” is wondering exactly these things. Tammy… Read More

FHFA: No Principal Forgiveness From Fannie or Freddie

Mortgages

FHFA: No Principal Forgiveness From Fannie or Freddie

FHFA: No Principal Forgiveness From Fannie or Freddie

The federal government has been considering whether it should allow troubled homeowners to get part of their outstanding mortgage balance forgiven, but the federal agency that oversees two large participants said that such a move will not happen. The Federal Housing Finance Agency recently announced that it would not allow the government-sponsored enterprises Fannie Mae… Read More

Will New Rules Make Credit Cards Less Rewarding?

Credit Cards

Will New Rules Make Credit Cards Less Rewarding?

Will New Rules Make Credit Cards Less Rewarding?

The recent settlement between the world’s two largest debit and credit card payment processors and a number of retail groups gave experts cause for concern, and many expressed worries about how the decision might alter rewards programs. The settlement, which will lead Visa and MasterCard to pay a combined $6.6 billion to retail groups and… Read More

Is Student Loan Debt Stifling Economic Recovery?

Students

Is Student Loan Debt Stifling Economic Recovery?

Is Student Loan Debt Stifling Economic Recovery?

Despite a few positive indicators, America’s economic recovery is still lagging. The Federal Reserve predicts the economy will grow 2.1% in 2012, but it’s not exactly the boost that we’ve been waiting for. One of the causes for this sluggishness appears to be the large amount of student loan debt that many consumers of all… Read More

Survey: Many Americans Struggling to Balance Finances

Personal Finance

Survey: Many Americans Struggling to Balance Finances

Survey: Many Americans Struggling to Balance Finances

A considerable amount of consumers throughout the U.S. are finding it difficult to manage their personal finances, according to a new survey, which reveals planning is essential for Americans who want to budget better. The Certified Financial Planner Board/Consumer Federation of America Household Financial Planning survey indicates less than one-third of decision-makers in U.S. households… Read More

How to Shop For a Personal Loan

Personal Loans

How to Shop For a Personal Loan

How to Shop For a Personal Loan

A personal loan can be a great way to consolidate debt or tackle a home improvement project without having to pull out the plastic. Unlike credit cards, personal loans often offer fixed interest rates and fixed repayment periods — usually three to five years — which makes it easier to budget payments. On the other… Read More

Olympic-Sized Mistake: Which Companies Dropped the Security Baton?

Identity Theft

Olympic-Sized Mistake: Which Companies Dropped the Security Baton?

Olympic-Sized Mistake: Which Companies Dropped the Security Baton?

By Brian McGinley In the spirit of the Olympic Games under way this summer in London, we’ve opted to award gold, silver and bronze medals to companies and government institutions for their performance in the 2012 (In)Security Games. Find out which organizations experienced the thrill of a well-designed privacy plan and which ones endured the… Read More

Debt Cancelled, But How Much Will It Cost Me?

Managing Debt

Debt Cancelled, But How Much Will It Cost Me?

Debt Cancelled, But How Much Will It Cost Me?

It’s a truism of the U.S. tax code that a simple question usually begets a complicated answer. That’s certainly the case for Sylvia, a Credit.com reader with a simple question about an increasingly common situation. “My credit card company just sent me a letter that they will charge off. . . or they will forgive… Read More

The Best Travel Perks Your Credit Card Can Get You

Credit Cards

The Best Travel Perks Your Credit Card Can Get You

The Best Travel Perks Your Credit Card Can Get You

August is here, and that means that peak travel season is just about over. As such, it’s a little late to start racking up rewards points to use for your late-summer vacation. Still, there’s no reason you can’t start building up rewards points and miles for your next big trip, and it should be noted… Read More

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