Can You Start a New Credit Report?

Credit 101

Can You Start a New Credit Report?

Can You Start a New Credit Report?

Sometimes, the best way to fix a problem is to start over. It’s probably the most common troubleshooting technique out there, especially when you’re dealing with technology — the power button is a wonderful thing. Unfortunately, there is no restart option when it comes to your credit history. Declaring bankruptcy is the closest thing there… Read More

New Policy at America’s Biggest Banks Could Help a Million People Improve Their Credit Score

Credit 101

New Policy at America’s Biggest Banks Could Help a Million People Improve Their Credit Score

New Policy at America’s Biggest Banks Could Help a Million People Improve Their Credit Score

Bank of America and JPMorgan Chase, two of the nation’s largest banks, will update consumers’ credit reports to remove debts that had been eliminated in bankruptcy, the New York Times reports. Such bills often remain on a consumer’s credit report, despite being legally discharged and no longer owed, and they can seriously damage a consumer’s… Read More

Will Paying Off Your Mortgage Hurt Your Credit?

Mortgages

Will Paying Off Your Mortgage Hurt Your Credit?

Will Paying Off Your Mortgage Hurt Your Credit?

Let’s face it, no one actually wants a mortgage. A mortgage is simply a means to an end if you don’t have the cash. So when you finally pay it off, ridding yourself of the financial obligation is the next best thing, but could it come at the expense of your credit score? Here’s what… Read More

You Are More Than Your Credit Score

Credit Score

You Are More Than Your Credit Score

You Are More Than Your Credit Score

If you are planning to borrow money any time soon, it is likely you will be judged by a three-digit number known as your credit score. Fair, Isaac and Company – FICO — was the analytics company that pioneered the concept of credit scoring now used by lenders around the world. Since then, other companies… Read More

CFPB: Bank Charged $50M in Illegal Overdraft Fees

Personal Finance

CFPB: Bank Charged $50M in Illegal Overdraft Fees

CFPB: Bank Charged $50M in Illegal Overdraft Fees

Consumers were charged nearly $50 million in illegal overdraft fees by Alabama-based Regions bank, federal regulators said Tuesday. The bank, which operates in 16 states, failed to get consumers to opt-in to overdraft coverage, failed to stop charging illegal fees for nearly a year after it discovered the activity and also charged illegal fees in… Read More

How Often Should I Check My Credit?

Credit Score

How Often Should I Check My Credit?

How Often Should I Check My Credit?

If you’ve ever taken care of a sick child, you’ve probably checked their temperature much more often than you would ordinarily — and you may be using an actual thermometer instead of gently touching a forehead or neck to get a rough idea of whether there’s a fever. But what do you do when the… Read More

What Happens to Your Credit When You Die?

Credit 101

What Happens to Your Credit When You Die?

What Happens to Your Credit When You Die?

What exactly does happen to your credit when you die? It’s certainly not an everyday question that comes up, but whether you’re dealing with the estate of a loved one, or you’re wondering for your own estate-planning purposes, it’s certainly an important one. It’s no minor detail to secure the credit details in the event… Read More

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