What is Equifax, and Equifax Credit Reports?

What is Equifax? Equifax is one of the three major credit reporting agencies, headquartered in Atlanta, Georgia. Formerly known as the Retail Credit Company (which was the name back in 1899 when the company was founded), it is an organization commonly used by insurers and lenders to obtain information on their applicants credit history. Equifax, … [Read more]

Identity Theft – It Can Happen To You

Identity Theft – It Can Happen to You Most people are unaware of identity theft until months after the fact when the damage is done and suddenly problems start cropping up everywhere. For most people, the first clues of possible ID theft are: Being turned down for credit because of low credit scores, and bills … [Read more]

How to improve a low credit score

Do you have a low credit score? First step is to get your absolutely free credit report & score, if you haven’t already. Your next step is to determine if your credit score is actually considered “low”. Sometimes it’s hard to figure out what exactly is a good or a poor credit score. The best … [Read more]

What is a credit score, and why is it important?

What is a Credit Score? Credit scoring is a scientific method that uses statistical models to assess an individual’s credit worthiness based on their credit history and current credit accounts. Credit scoring was first developed in the 1950s, but has come into increasing use in just the last two decades. In the early 1980s the … [Read more]

Drowning in student loan debt? Help is here

What is the new Federal Student Loan Income Based Repayment (IBR) program? If you are one of the millions of us drowning in huge federally guaranteed student loan debt, and burdened with high monthly payments we can’t afford, there may be help out there for us. A new federal program called Income Based Repayment (IBR) … [Read more]

Portion of new credit card law begins today

Part of a new credit card legislation, signed in May by President Obama, goes into effect today (reports USA Today). Credit card companies must now give consumers 45 days notice before any significant changes to their accounts. Also, they can no longer label a payment as late, unless the credit card bill was sent at … [Read more]

Which is best, Credit or Debit?

In light of the recent large scale credit and debit account theft scheme (read more on that), it’s definitely worth asking the question – which is best, credit or debit? Quick answer – credit is best. Stick with only using your debit card for ATM withdrawals. Why? Federal law states that credit users will not … [Read more]

Miami man charged with largest case of ID theft ever

On Monday, Albert Gonzalez of Miami, Florida was charged with the largest case of credit and debit card theft in the history of the United States. The ex government informant, after already swiping 40 million accounts, had plotted to steal 130 million more, by hacking into retail networks and retrieving the data. He and two … [Read more]

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