Fewer Employers Are Using Credit Checks for Hiring

Credit Score

Fewer Employers Are Using Credit Checks for Hiring

Fewer Employers Are Using Credit Checks for Hiring

With the unemployment rate still hovering around 8.2%, there are a lot of job-seekers out there. And not all of those job hunters have a perfect financial record. That used to be a cause for concern, with many reports that employers were increasingly relying on credit checks to make hiring decisions. However, a new report… Read More

3 Ways a Personal Loan Can Boost Your Credit

Personal Loans

3 Ways a Personal Loan Can Boost Your Credit

3 Ways a Personal Loan Can Boost Your Credit

Consolidating credit card debt with a personal loan can do more than help you save money and budget better. It may also help your credit scores. Here’s how: Free Up Available Credit One of the factors that can affect your credit scores is the ratio of outstanding balances to available credit on your revolving lines… Read More

Bank of America to Issue No-Swipe Credit Cards

Credit Cards

Bank of America to Issue No-Swipe Credit Cards

Bank of America to Issue No-Swipe Credit Cards

One of the nation’s largest credit card lenders recently decided to join the push among its competitors and begin issuing a new type of plastic to some of its more affluent customers, allowing them greater purchasing flexibility, security and availability both at home and when they travel overseas. Bank of America will soon begin issuing… Read More

How Credit Scores Actually Fared in the Recession

Credit Score

How Credit Scores Actually Fared in the Recession

How Credit Scores Actually Fared in the Recession

Despite large number of financial difficulties suffered by millions of Americans, new data suggest that consumers’ credit ratings haven’t taken nearly as large a hit as many might have guessed in the past. The latest data from credit scoring bureau FICO shows that the average American with a credit score in their name had a… Read More

Consumers Kick the 3-Year Car Buying Cycle

Auto Loans

Consumers Kick the 3-Year Car Buying Cycle

Consumers Kick the 3-Year Car Buying Cycle

Cars may not be like fine wines and cheese, getting better with age, but more Americans are holding on to their aging vehicles and that behavior isn’t expected to change with an improving economy. A new survey from AutoMD.com of almost 4,000 car owners shows that Americans overwhelmingly see themselves owning their car for 10… Read More

CFPB Report Highlights Private Student Loan Pitfalls

Students

CFPB Report Highlights Private Student Loan Pitfalls

CFPB Report Highlights Private Student Loan Pitfalls

Millions of Americans have some amount of student loans in their names these days, and these debts can cause considerable problems. The private student loan market has expanded significantly in the past decade, both as a result of increasing tuitions at colleges and universities around the country, and the economic downturn forcing many consumers to… Read More

Twitter Hashtags Credit Card Customers Should Know

Credit Cards

Twitter Hashtags Credit Card Customers Should Know

Twitter Hashtags Credit Card Customers Should Know

Following your credit card issuer definitely has some benefits. Oftentimes, the social network is the best place to learn about exclusive offers, discounts or new promotions an issuer is rolling out. Oftentimes, eligibility for these promotions or contests is contingent on tweeting out a specified hashtags. Here are a few to look out for so… Read More

Absurd Medical Bill: Pay or Ignore?

Managing Debt

Absurd Medical Bill: Pay or Ignore?

Absurd Medical Bill: Pay or Ignore?

The pinky finger was sprained and pointing backwards. Now Blake faced that modern American dilemma: Incur the expense of going to a hospital emergency room, or endure the pain? He couldn’t pop the pinky back into place, so Blake went to La Palma Intercommunity Hospital in Orange County, California. “Big Mistake,” Credit.com reader using the… Read More

Study: Payday Loans Used for Expenses, Not Emergencies

Personal Loans

Study: Payday Loans Used for Expenses, Not Emergencies

Study: Payday Loans Used for Expenses, Not Emergencies

Payday lending has long been a controversial topic in the financial industry because of both who the financing targets and the costly terms usually associated with it. About 12 million people – 5.5 percent of all Americans – take out payday loans every year, averaging eight loans of $375 each time, according to new research… Read More

4 Times a Credit Pull Won’t Hurt You

Credit 101

4 Times a Credit Pull Won’t Hurt You

4 Times a Credit Pull Won’t Hurt You

Many consumers believe their credit score will take hit each time a copy of their report gets commissioned. However, the three-to-five point ding is only associated with a hard inquiry, which is generated essentially when someone is trying to decipher whether you qualify for a line of credit or a loan. Other credit pulls are… Read More

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