Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
Fair Isaac Corp. (FICO) FICO, -1.36% is changing how it calculates credit scores, and the new criteria reveal some of the trouble spots in Americans’ financial health. Two of the most substantial changes in the new scoring models,…
If you don’t have consumer debt, congrats! You’re in the prudent and fortunate minority. Aggregate household consumer debt approached $14 trillion in 2019, and continues rising,…
Last October, the Consumer Financial Protection Bureau (CFPB) announced its intention to create a Task Force on Federal Consumer Financial Law. Inspired by the 1972 National…
Monday, February 17, 2020 Dennis v. Niagara Credit Solutions, Inc., 946 F.3d 368 (7th Cir. 2019) Seventh Circuit affirms judgment on the pleadings that a debt…
There is at least one issue a divided electorate can come together on this election year: A recent poll finds 90% of those surveyed agreed on…
We’re more than a month into the new year, and you may need to revive and refresh that resolution, especially if it has to do with…
Collection House is believed to be in talks with its lenders as it remains in a trading halt since Friday in what appears to be the…
Add the U.S. government to the list of groups going after patients for thousands of dollars in medical debt, per reporting by The Center for Public…
Growth Seen in New Credit Extensions Across Debt Types; Transitions into Delinquency Among Credit Card Borrowers Continue to Rise February 18, 2020 – NEW YORK – The…
There’s a frustrating chicken-or-egg dilemma in the financial world: You try to get access to a credit card to build a credit history, but you can’t get…
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