from Moneywatch Personal Finance
The Consumer Financial Protection Bureau gains new powers on Thursday, including oversight of the companies that compile the credit reports from which credit scores are generated. That could be good news for consumers.
from MintLife Personal Finance News & Advice
An act is pending in Congress that would require credit reporting agencies to remove medical collections once they’ve been paid or settled as long as the amount was less than $2,500, but is it a good a idea?
from MintLife Personal Finance News & Advice
Don’t get fooled into paying a company to remove your name from pre-approved credit offers. You can do it – and other credit-related maintenance services – for free.
from MintLife Personal Finance News & Advice
A new study showed more than 99 percent of credit reports are free of meaningful errors — should you believe it?
from MintLife Personal Finance News & Advice
Photo: iStockphoto It seems we can’t go more than a few weeks without our personal information being compromised by a massive data breach. Last week it was the New York Yankees. The week before it was the Sony PlayStation network. And a few weeks before Sony it was Epsilon. [...]
from MintLife Personal Finance News & Advice
So you’ve made some credit mistakes. With over 35% of the population scoring below 650 on the FICO scoring scale, you’re certainly not alone. But now that you’ve made the mistake, how long are you going to have to live with it?
from MintLife Personal Finance News & Advice
A class action lawsuit was just filed against Consumerinfo.com, essentially Experian, because of the actions of FreeCreditReport.com and FreeCreditScore.com. As with all class action lawsuits, there is a large number of potential class members. Could YOU be a member of the class? Read on to find [...]
from Moneywatch Personal Finance
As the home values fell and unemployment rose, an increasing percentage of homeowners opted to make their credit-card payments before their mortgage payments — a trend that has been occurring for about three years, according to TransUnion, a credit reporting company.
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from MintLife Personal Finance News & Advice
Now that the CARD Act has been around for over a year and fully digested by the credit industry, it’s time to take inventory on some of its successes and failures — and bust a few myths.
from MintLife Personal Finance News & Advice
The Fair Credit Reporting Act says that the credit reporting agencies may furnish reports to any company that intends to use that information for the purpose of underwriting insurance. The real question is, why do they do it?