Even when you’re on vacation, you need to use identity theft prevention tactics to help preserve your good credit.
BEFORE YOU GO
1) Decide which credit card you’re going to take with you. You probably don’t need ALL of your credit cards and in the event something happens, you’ll only have to cancel one. Have the customer [...]
An important part of getting better credit scores is staying up-to-date with all of your financial accounts and regularly reading your statements.
Over the past month, millions of people have noticed a 25 cent charge on their credit card statement. The company listed for the charge is Adele Services in Melville, New York. The company doesn’t [...]
Dell Inc, the computer company, has reached a settlement with 34 states to pay $1.5 million to their citizens who qualify. The agreement came from consumer complaints about the company’s rebate offers, technical support, repair policies, and financing promotions.
These are the states that participated in the agreement with Dell: AZ, AR, CA, CT, DE, FL, [...]
The second largest part of your credit score is the Amounts Owed, the balances on open credit cards compared to the credit limits on those same accounts, sometimes called the Utilization Ratio. An important part of growing better credit scores is having a low ratio by having low balances on unused, available credit limits.
More and [...]
ALL CREDIT SCORES ARE NOT EQUAL
In the U.S. the FICO score is used by the majority of financial institutions. It was created in the 1950s by the Fair Isaacs Corporation and ranges from 300 to 850. Generally, the higher the score, the more financial options a consumer has.
FICO has specific formulas for different industries: mortgage, [...]
Most people check their credit reports for errors so they can correct them and get better credit scores. Sometimes, when the corrections aren’t all the consumer hoped for, they add a Consumer Statement to their credit file.
The Fair Credit Reporting Act (FCRA) states “…that the consumer has the right to add a statement to [...]