Plain-language articles on credit reports, disputes, consumer rules and business credit. Educational only, not legal advice.
Paying your bills on time, not maxing out your credit cards, and having a good track record of managing debt responsibly are some basic and obvious things that affect a credit score. Some other financial transactions, however, don’t…
A Chicago-area debt collector threatened to sue and garnish the wages of consumers in violation of federal law, the Consumer Financial Protection Bureau said in a…
Collections are one of the worst things to have on your credit report. They can damage your credit score significantly for a long time—up to seven…
Degrees of debt This week, President Donald Trump signed an executive order to streamline a law that forgives injured veterans’ school debt. As another class of…
Across the country, businesses – especially small, independent businesses – are struggling to keep up with Americans’ exponential credit card use. What’s worse for small businesses:…
Aug. 21 (UPI) — The total amount of household debt in the United States has grown for the 20th consecutive quarter and student loans have become…
Uncategorized In Trinity Warner v. Experian (link), the Ninth Circuit recently affirmed a district court’s summary judgment in favor of Experian, finding that dispute letters sent…
Since 2010, financial institutions are required to get your permission for overdraft protection, a service that you would opt in to receive. If you’ve opted in,…
The average credit score of borrowers who refinanced mortgages in July with loans backed by Fannie Mae and Freddie Mac rose to a six-year high, according…
College is expensive – no secret there. How expensive? That all depends on the school’s tuition rate, the price of room and board, and the cost…
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