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.
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
Confirmation of President Biden’s nominee Rohit Chopra will pivot agency back to only job: protecting consumers WASHINGTON — Consumer complaints about problems with financial companies such as banks, credit bureaus and debt collectors rose by more than 50 percent in 2020 and set new records for each month of the year, according to a new […]
Reminder — free credit reports available every week, not just once a year. Know what’s reporting about you including any errors. Same website: annualcreditreport.com To dig deeper, obtain your free file disclosures from the many specialty consumer reporting agencies: https://lnkd.in/gJfZbHt
Free credit reports usually come once a year. Hence the website name www.annualcreditreport.com Good news — consumers can now obtain their credit reports from Equifax, Experian, and TransUnion on a weekly basis from annualcreditreport.com. This is the free site authorized by the federal Fair Credit Reporting Act.
Your credit score affects whether you can get a loan — and how much you’ll have to pay to borrow money. People with low credit scores often have to pay more. So when a company says they’ll help you pay your way to a higher credit score, you might be tempted to listen. But don’t […]
The FICO score, one of the most widely used credit scores in America, is about to go through some major revisions. WSJ’s AnnaMaria Andriotis explains what the changes are and why the current scores may be out of whack. https://www.wsj.com/podcasts/the-journal/why-your-credit-score-could-drop/06a9c0ec-bc97-4e94-8781-d6c6a1783a25
https://www.wsj.com/articles/fico-changes-could-lower-your-credit-score-11579780800 Changes in how the most widely used credit score in the U.S. is calculated will likely make it harder for many Americans to get loans. Fair Isaac Corp., FICO -1.39% creator of FICO scores, will soon start scoring consumers with rising debt levels and those who fall behind on loan payments more harshly. It will also flag certain […]
https://www.cnbc.com/select/average-fico-score-hits-record-high-703/ Key Findings The average FICO score in the U.S. hit a record high of 703 in 2019 Minnesota residents have the highest average credit score for the eighth consecutive year at 731 Mississippi residents have the lowest average credit score at 667 59% of Americans have a FICO score of 700 or higher — […]