Credit 101: What Is Revolving Debt Utilization?

Credit 101

Credit 101: What Is Revolving Debt Utilization?

Credit 101: What Is Revolving Debt Utilization?

A “revolving” credit account is an account where your monthly payment is based on your balance, which can change from month to month. Revolving balances can also be paid in full without incurring finance charges, if paid within the the “grace period.” Revolving utilization, also known as your “debt-to-limit ratio” or “credit utilization,” measures the... Read More

This Week in Credit News: The Truth About Report Errors

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This Week in Credit News: The Truth About Report Errors

This Week in Credit News: The Truth About Report Errors

The biggest news this week revolved around a piece on “60 Minutes” about a Federal Trade Commission report on the accuracy of credit reports. Are Mistakes Ruining Your Credit Report? Credit.com’s Director of Consumer Education Gerri Detweiler took a look at the FTC report, which found that one in five consumers have errors on their... Read More

Lawmakers Hold Credit Reporting Hearing After CFPB Study

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Lawmakers Hold Credit Reporting Hearing After CFPB Study

Lawmakers Hold Credit Reporting Hearing After CFPB Study

The federal watchdog agency tasked with ensuring consumers have more protections that relate to their finances recently released a study on the ways in which the credit reporting industry typically works, and its findings prompted a hearing on Capitol Hill. Earlier this month, the U.S. Senate Committee on Banking, Housing and Urban Affairs’ Subcommittee on... Read More

CFPB Releases Study on Credit Reporting Agencies

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CFPB Releases Study on Credit Reporting Agencies

CFPB Releases Study on Credit Reporting Agencies

Today the Consumer Financial Protection Bureau released a study focusing on the “infrastructure and processes” employed by the three major credit reporting bureaus, Experian, Equifax and Transunion. The paper and the accompanying conference call with the media both focused on the centrality of the credit reporting industry in the lives of American consumers in the... Read More

Non-Traditional Credit Reports Now Regulated by ‘Free Report’ Rule

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Non-Traditional Credit Reports Now Regulated by ‘Free Report’ Rule

Non-Traditional Credit Reports Now Regulated by ‘Free Report’ Rule

While consumers have been able to get a free copy of their credit reports from each of the nation’s three largest reporting bureaus, there was some information compiled by other, smaller firms to which they did not have easy access. However, a new rule from the federal consumer watchdog agency recently changed that. Now, roughly... Read More

CFPB Now Keeping Tabs on Credit Reports

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CFPB Now Keeping Tabs on Credit Reports

CFPB Now Keeping Tabs on Credit Reports

In the past, the federal watchdog agency in charge of protecting consumers’ finances and credit has taken responsibility for handling complaints about a number of different types of loans, but has once again expanded its purview. In addition to all the other types of issues over which it accepts complaints, the Consumer Financial Protection Bureau... Read More

Credit Damage: Can You Sue Over Ruined Credit?

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Credit Damage: Can You Sue Over Ruined Credit?

Credit Damage: Can You Sue Over Ruined Credit?

Comcast sent Karen to collections for a bill she didn’t owe, and it took her several months to clear it up. She’s angry and wants to take them to court to sue them for damaging her credit. She wants to know how much she can ask for. Here’s how Karen described it in an email... Read More

Should Utility Payments be Reported to the Credit Reporting Agencies?

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Should Utility Payments be Reported to the Credit Reporting Agencies?

Should Utility Payments be Reported to the Credit Reporting Agencies?

Most consumers are aware that how they manage “standard” credit obligations — such as mortgage, automobile and student loans as well as credit cards — are recorded in their credit histories at the three major national credit reporting agencies (Equifax, Experian, TransUnion). This information is then accessed and used by lenders when evaluating a person’s... Read More

Will a New Credit Card Change My Score?

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Will a New Credit Card Change My Score?

Will a New Credit Card Change My Score?

Credit does not have to be complicated. At Credit.com, we sometimes receive questions that can be vexing to an average consumer, but to a true credit expert it is actually quite simple. Reader Mike Smothers asked us just such a question recently: “When a credit card company issues me a new credit card,” he wrote... 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