New studies from two major credit bureaus show adding more data to credit reports would boost a ton of consumers’ credit scores.
The CFPB also wants agencies to make it easier for consumers to access and interpret their credit reports.
A new way to measure credit scores could help people with minimal credit history.
This week’s podcast features car sales, college credit for employee training, the outlook for interest rates, and the awesome boost you get to your credit score when your credit report is corrected.
Americans’ balances on their car loans haven risen over the last year, while late payments have remained flat.
Thinking of applying for a mortgage? Make sure you plan ahead so that you don’t become part of this statistic. More than one in four mortgage applications submitted to the 10 largest lenders in the United States in 2010 were denied, according to a recent analysis done by The Wall Street Journal. Many of the
Raise your hand if you’re confused about credit scores. Well, mark your calendars. On Thursday, June 30 at 2 p.m. EDT, Bankrate will host a live Web chat on the topic with its own Credit Card Adviser, Leslie McFadden, and Credit Karma’s credit adviser Justine Rivero. The duo will pull back the curtain on credit
Apply for a credit card this year and you might receive a disclosure that contains a free credit score — the one actually used by the lender to judge your credit risk. Or a notice informing you that may not have received the lowest interest rate because of your credit. If you’re denied, you’ll get
Credit Karma, a site that offers free credit scores and tools to consumers, will now let you peek at your TransUnion VantageScore and auto insurance score for free. “We thought we would illustrate the breadth of credit scores available to lenders and bankers by providing consumers free access to them,” says CEO Ken Lin. Credit
On Wednesday, the Federal Reserve rolled out a Consumer’s Guide to Credit Reports and Credit Scores, a new online resource that explains basic credit topics, such as what goes into a credit report and credit score. The guide also links to tips for improving your credit score and advice on getting the most from credit