As a father, you always want what’s best for your children. Over the years, this has probably meant some sacrifices. While some sacrifice is normal, there are certain burdens you shouldn’t have to take on for your child. What’s an example of one of these? Your son’s bad credit choices and actions. You do not […]
Family legacies can feel impossible to live up to, especially if you’re named after your father or one in a line of many with the same name. That pressure can be challenging enough—so what do you do when your dad’s credit impacts your credit report because you both have the same name? What happens when […]
Can you imagine knowing that you’re dying of multiple cancers, trying to make sure your spouse of 50 years could cover burial costs, and attempting to renovate your home, and then being denied your HELOC application? That’s what happened to James Rennick. He was told that there was a problem with his credit report. It […]
You’ve worked hard to build your credit, you’ve paid your bills on time, and you’ve responsibly increased card limits over time. Finally, it’s time to apply for a car loan, a mortgage, or even a new job and reap the benefits. But then the representative comes back, and your application has been denied because of […]
Forced arbitration being turned on its head. Hopefully consumers will see the end of forced arbitration sooner than later. https://www.wsj.com/articles/amazon-faced-75-000-arbitration-demands-now-it-says-fine-sue-us-11622547000?mod=hp_lead_pos6 Adam Zimmerman, a professor at Loyola Law School who studies class actions, said Amazon’s move could cause other companies to consider scrapping arbitration. But a wave of change is unlikely, he said, because lawsuits […]
Was this sufficient compensation? The FTC alleged that some Vivint sales representatives used a process known as “white paging,” which involved finding another consumer with the same or a similar name on the White Pages app and using that consumer’s credit history to qualify the prospective unqualified customer. Vivint sales representatives also sometimes asked customers […]
https://www.cnbc.com/select/why-you-should-know-your-fico-credit-score-how-often-to-check/ Checking your credit reports for free at http://annualcreditreport.com/ is a good start But to know the score(s) used by most lenders — the FICO score(s) — consumers must look beyond just their free credit reports or even the Vantage scores offered by the credit bureaus.
https://www.wsj.com/articles/was-my-facebook-data-leaked-what-you-need-to-know-11617751579More identity theft, more ways for thieves to access credit in another consumer’s name. Consumers can still get free weekly credit reports from https://www.annualcreditreport.com/index.action for free credit reports.
Consumers have a lot to do to stay financially healthy. One of those priorities includes knowing what the credit bureaus are reporting. http://www.consumerreports.org/credit-scores-reports/why-the-pandemic-may-be-hurting-your-credit-score/
Hard to think of a better way for a consumer to know what credit report companies are saying about them than checking your credit reports frequently. Visit http://annualcreditreport.com/ for free weekly credit reports during the pandemic. https://www.nytimes.com/2021/02/19/your-money/credit-report-errors.html