What Is a Good Faith Estimate?

Mortgages

What Is a Good Faith Estimate?

What Is a Good Faith Estimate?

When buying your first home, you’ll have lots of lingo to get caught up on quickly. Understanding the process can help limit the surprises during what is likely the biggest purchase you have ever made in your life. A good faith estimate can help. A good faith estimate approximates the final cost of completing the... Read More

Where to Sell Your Stuff for Top Dollar

Personal Finance

Where to Sell Your Stuff for Top Dollar

Where to Sell Your Stuff for Top Dollar

Believe it or not, this winter’s snow and cold will eventually be a thing of the past. And with the spring will come the nearly irresistible urge to purge your house of all the extra stuff that is lurking in the closets, hanging out in the garage or hiding under your kids’ beds. While a... Read More

Credit.com in the News 3.8.14

Personal Finance

Credit.com in the News 3.8.14

Credit.com in the News 3.8.14

This week, Credit.com experts Adam Levin (chairman and co-founder of Credit.com) and Gerri Detweiler (Credit.com's director of consumer education) spoke with reporters at various news outlets about credit and security issues confronting consumers, like ATM fraud, credit freezes and the value of free credit scores...

How to Read a Mortgage Rate Sheet

Mortgages

How to Read a Mortgage Rate Sheet

How to Read a Mortgage Rate Sheet

Mortgage lenders create rate sheets every day. These tables or spreadsheets detail interest rates and costs. Looking at the rate sheets from several lenders can help you when shopping for a mortgage. Here are some tips to help you read a mortgage rate sheet. What It Tells You Most rate sheets start at the same... Read More

Are Temp & Part-Time Jobs the New Normal?

Personal Finance

Are Temp & Part-Time Jobs the New Normal?

Are Temp & Part-Time Jobs the New Normal?

Dolly Parton’s “9 to 5” may have worked as an anthem for millions of employees in the 1980s, but it’s hardly a fitting song for the elevated number of involuntary part-time workers in the U.S. today. According to the Bureau of Labor Statistics, about 7.2 million people were employed as involuntary part-time workers in January.... Read More

Can Gambling Hurt Your Credit Score?

Credit Score

Can Gambling Hurt Your Credit Score?

Can Gambling Hurt Your Credit Score?

Loans can be pretty tricky to repay when you lose the money you borrowed in the first place. That’s why gambling with borrowed money is generally not a good idea. Still, people do it, and it could hurt more than just your bottom line. Your credit can take a hit if you’re not careful when... Read More

Can I Sue If a Credit Report Error Hurt My Score?

Credit Score

Can I Sue If a Credit Report Error Hurt My Score?

Can I Sue If a Credit Report Error Hurt My Score?

We often encourage readers to get their free annual credit reports, learn to read them, check them for errors and dispute any information that is inaccurate. It sounds so simple. But readers tell us that getting information corrected — or even keeping it corrected — isn’t always easy. Our reader JG found errors, disputed them,... Read More

Is It Time for You to Retire?

Personal Finance

Is It Time for You to Retire?

Is It Time for You to Retire?

Retiring can be a frightening subject. Where is the income going to come from once you pull the plug? How much will you need? How will you spend your days? These are all important questions you have to address. But what if you don’t have the answers? The last thing you want to do is... Read More

A New FICO Credit Score Is On Its Way

Credit Score

A New FICO Credit Score Is On Its Way

A New FICO Credit Score Is On Its Way

Update: August 18, 2014 Read About The New FICO 9 Scoring Model Here FICO announced Wednesday it would release its latest credit scoring model, called FICO Score 9, this summer. As with all credit scoring formulas, the idea is for this FICO Score 9 to be the best indication of consumers’ creditworthiness. Credit scores are... 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