Credit Industry News

Are you aware of how to detect identity theft? You have probably heard the ominous statistics before on the nightly news or maybe you have even read articles online about how identity theft is one of the nation’s fastest-growing crimes. Hopefully, you will never fall victim to an identity thief, but with billions of dollars […]

Guarding Their Future: How to Safeguard Your Child from Identity Theft Do you want to know how to protect your child from identity theft? When it comes to identity theft, it is not only your credit reports and personal information that you need to protect. Your child’s personal information can also be stolen by identity […]

In the midst of all of the stress and emotional turmoil which often accompanies divorce, you may be tempted to ignore the potential danger that a divorce may pose to your credit and opt, instead, to save those problems for another day. After all, you are probably dealing with more pressing issues such as custody, […]

Demystifying the National Consumer Assistance Plan: Essential Details You Need to Know In the spring of 2015 Equifax, TransUnion, and Experian (better known as the 3 major credit reporting agencies) agreed to a landmark settlement agreement. Though originally announced by the attorney general of the state of New York, Eric T. Schneiderman, and shortly thereafter […]

The Difference Between Credit Reports and Credit Scores The credit industry often uses terms and abbreviations which are not fully understood by consumers. To make matters worse, sometimes uninformed members of the news media or even some self-proclaimed “experts” will misuse credit terms and perpetuate credit myths, occurrences which only add to consumer confusion about […]

Welcome to Part 3 of our powerful series, Credit Cards 101. In parts 1 and 2 of this series you have already learned some important information about how properly managed credit card accounts can be very effective tools to help you build better credit. Of course, while well managed credit card accounts can potentially be great for your credit scores, credit card debt can actually wreak havoc upon your credit scores very quickly. For best results (both financially and from a credit score standpoint) it is important to develop the habit of paying off your credit card balances in full each month.

What Your Credit Report Doesn’t Show No one likes a tattletale, and at times that is exactly what a credit report may feel like. Credit reports, after all, can tell future lenders and even potential employers all about your financial past, including any mistakes you may have made. Yet the truth is that your credit […]

Your credit reports are tools, tools that are routinely used by lenders, banks, creditors, and collection agencies (among many others). Do you wonder how long can bad debt damage my credit report? Naturally, credit reports are tools that are used to review applications for financing and to help companies decide whom they do and do […]

How Credit Cards Offer better Protection than Debit Cards Have you ever gotten into trouble with credit cards in the past? If the answer is yes and once upon a time you overextended yourself by charging up a big pile of credit card debt then you might feel a little gun shy about using credit […]

If you are dreaming about purchasing the perfect home for your family, perhaps even planning the optimal paint colors for the walls or imagining the backyard haven where you will unwind after a hard day of work, then step number one to making your dream become reality is to make sure your credit is ready […]

4 Tips to Improve Credit Score It’s a new year, and a new you. Welcome to New Year’s Resolution season! Got a goal you never got a chance to attain? Now you can think more about it and take action to make your dreams a reality! If you’re ready for a new you, then use […]

Discovering that your identity has been stolen and your once pristine credit reports have been trashed is a truly sickening feeling. After all, there is nothing worse than suffering from a trashed credit report when the credit problems which are there were not even caused by you in the first place. If this unfortunate event […]