How Costly Is Bad Credit? Many Don’t Know

Your credit score is a whole lot more than just a three-digit number - it's essentially the lifeblood to financial opportunity. read more

Old Debt – Beware of Resetting the Clock

Everyone makes mistakes, but when mistakes are committed pertaining to financial decisions, the consequences have a tendency to be more far reaching. read more

5 Ways Improving Your Credit Score Can Help Your Business

On an individual level, having a good credit score typically translates to lower interest rates on credit cards, mortgage loans and auto loans. This translates to a financial savings, especially when it comes to long-term loans like auto and home loans. read more

Medical Debt: Accurate vs. Inaccurate

Noting this, what can consumers do to decipher the difference between accurately and inaccurately reported medical debt? Here’s a look read more

5 Fascinating Things You (Probably) Didn’t Know About Credit Scores

First and foremost, it’s important to know your credit score, but it’s never a bad idea to brush up on some of the more intricate details that shape your score. read more

Credit Inquiries – Can They Drop Your Credit Score?

This has a tendency to make consumers uneasy, simply because there’s a misconception out there that when lenders pull credit scores and credit reports, it can negatively impact your overall score.

That’s not the case, just so long as you meet the proper time criteria. Let us explain: read more

Experian Fined by CFPB Months After TransUnion, Equifax Dinged for Similar Acts

False advertising is defined as misleading consumers or potential consumers with incorrect or unproven information. You might say that Experian, one of the major credit scoring agencies, was found guilty of this recently. Specifically, Experian was fined $3 million by the Consumer Financial Protection Bureau (CFPB) for incorrectly telling consumers that the credit scores it offered were used by lenders to make decisions.

In addition to the fine, the CFPB informed Experian that it must be honest and accurate when relaying messages about the credit scores it offers moving forward.
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