Take out a credit card from your wallet and look at it. What do you see? Probably, all you can take in is a piece of plastic with a bunch of random numbers on it. But, in fact, the numbers on our credit cards aren’t random at all, but a carefully conceived code that relays important information to banks, retailers – and even ...Continue Reading →
There are many reasons why a record number of consumers are getting shut out of traditional lending, unable to get a mortgage, auto loan, or even a single credit card. In fact, millions of Americans suffered significant damage to their credit scores through the Great Recession, leaving them with foreclosures, bankruptcies, and a whole ...Continue Reading →
Is your credit report relatively clean, except for one big, ugly item that won’t go away – a judgment? It’s a fact of life that some disputes – with landlords, collection agencies and other debtors – sometimes end up with a judgment against you. If that’s the case, we have good news, as it may be possible to have a judgment against ...Continue Reading →
Every time you use your smartphone to Google something, every time you tag your location on social media, and definitely every time you buy something online, companies are collecting your data. In fact, most major retail brands, companies, and online sites that sell products or services are carefully “mining” your sensitive personal and financial data, reselling it to third-party data collection companies ...Continue Reading →
February is Black History Month, so we’d like to applaud and celebrate some heroes of the Untied States civil rights movement. Initiated by Carter G. Woodsen in 1921 as only a week, this reverence for African American contribution and culture was placed in February because it marked the birthdays of both Frederick Douglass and Abraham Lincoln. It was later expanded to a ...Continue Reading →
When TransUnion and Equifax got caught for defrauding consumers by urging them to unnecessarily pay for credit scores and products, the Consumer Financial Protection Bureau (CFPB) stepped in to make things right. Now, the CFPB has taken strong action against the credit reporting agencies, forcing them to pay stiff fines as restitution to those they deceived.
In fact, TransUnion and Equifax have been ...Continue Reading →