How Getting Out of Debt Can Hurt Your Credit

Managing Debt

How Getting Out of Debt Can Hurt Your Credit

How Getting Out of Debt Can Hurt Your Credit

A common concern you may have when searching for the best debt relief solution is how it will impact your credit score. There are many misconceptions about credit reports and the harm that comes from credit counseling, settling debt for less than what you owe and bankruptcy. Your credit report and credit score will heal... Read More

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

CFPB Wants More Data From Financial Institutions

Personal Finance

CFPB Wants More Data From Financial Institutions

CFPB Wants More Data From Financial Institutions

As part of its efforts to better identify and enforce potentially problematic or misleading behavior on the part of financial institutions, the federal watchdog tasked with protecting consumers’ finances is asking for more data from the institutions themselves. However, some of those companies appear to be growing resistant to these ongoing efforts. The Consumer Financial... Read More

The Key to Saving: Track Your Spending

Personal Finance

The Key to Saving: Track Your Spending

The Key to Saving: Track Your Spending

Can something that takes as little as five minutes a day change your financial life? Absolutely, say the proponents of that so-often-recommended piece of financial advice: track your spending. They believe it can be the key to a wealthier life, and research shows it may make you healthier as well. There’s no doubt that tracking... Read More

Why a Rental Car Could Hurt Your Credit

Credit Score

Why a Rental Car Could Hurt Your Credit

Why a Rental Car Could Hurt Your Credit

A client of mine recently received quite a shock when she checked her credit prior to applying for a mortgage. Her credit was normally quite good but had recently received some alarming negative items. After some research, she was surprised to discover that a recent car rental was the cause of her lower credit score.... Read More

Most Consumers Have Good FICO Scores

Credit Score

Most Consumers Have Good FICO Scores

Most Consumers Have Good FICO Scores

The majority of consumers still have FICO credit scores higher than 700, however, within that group, the share of those borrowers in the top two tiers of scores has been shrinking over roughly the past year. “Based on a fresh look at the national distribution of FICO® 8 Scores, it appears that the profile of... Read More

Credit.com in the News 4/20/13

Personal Finance

Credit.com in the News 4/20/13

Credit.com in the News 4/20/13

This week the experts from Credit.com contributed to a wide range of news outlets on subjects including identity theft, tax fraud, travel and data protection. Check out the hits… Credit.com’s Chairman and Co-Founder Adam Levin was on Fox Business to discuss tax fraud and how to protect against it. @FoxBusiness @Adam_K_Levin Credit.com’s Director of Consumer Education Gerri... Read More

Student Loan Debt Keeping Millennials From Home, Car Loans

Students

Student Loan Debt Keeping Millennials From Home, Car Loans

Student Loan Debt Keeping Millennials From Home, Car Loans

In recent years many studies have shown just how burdensome student loan balances have become for millions of borrowers across the country, but new data shows they are likely also playing a role in those consumers’ ability or desire to take on other types of debt. That trend could have a serious negative impact on... Read More

This Week in Credit News: Tax Day Aftermath

Personal Finance

This Week in Credit News: Tax Day Aftermath

This Week in Credit News: Tax Day Aftermath

The biggest news this week is the end of tax season, as Americans can stop worrying about Uncle Sam and start worrying about graduation and summer travel. 4 Tax Benefits You May Have Missed This Year Your taxes are (hopefully) filed and your W-2s can now be retired to your financial folder, but the April... Read More

What Not to Do With Your Credit Card Rewards

Credit Cards

What Not to Do With Your Credit Card Rewards

What Not to Do With Your Credit Card Rewards

There is a lot to love about credit card rewards. Cardholders earn points, miles, and cash back that that can be used for award travel or other valuable benefits. And other than annual fees, these rewards can be earned without any cost when cardholders avoid interest by paying their balances in full. But many cardholders... Read More

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