The Most Common Credit Reporting Errors

Considering one in four consumers has errors on their credit reports, checking your report is more important than ever.  Your credit report can affect your financial well being and ensuring its accuracy will guarantee that you get the best possible interest rates and credit available to you.  There are several credit reporting mistakes that are more […]
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Pre-Approved Credit Card Offers

With the holiday season just around the corner, you have probably noticed an abundance of “pre-approved” credit card offers in your mailbox.  But what does this mean? Are you really approved?  Can you just start using the card?  Should you start using the card?  Today, credit card companies use marketing strategies to send out these […]
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The FDCPA and the Least Sophisticated Consumer Standard

Consumer debtors can thank the Second Circuit for its ruling in Avila, et al. v. Riexinger & Associates, LLC, when the least sophisticated consumer standard got a little less sophisticated earlier this year.  In this Fair Debt Collection Practices Act (“FDCPA”) case the court held that a debt collector cannot presume that a consumer understands […]
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Why Are You Getting Denied Credit Cards?

As a responsible consumer trying to build your credit, you apply for a credit card with a low finance rate and you plan to pay off the balance in full every month.  After all, one of the first rules of thumb for building your credit is to have a positive credit history.  The only problem […]
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The 5 Most Common Credit Report Dispute Mistakes

As a responsible consumer, you pull a copy of your report annually to review the information and make sure it is up to date and accurate.  Studies show that 1 in 5 American consumers have errors on their credit report and need to embark on the dispute process to correct the inaccurate information.  Under the […]
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Different Credit Types and How They Affect Your Score

While there are multiple types of consumer credit scores, there must also be multiple types of credit.  Understanding that not all credit is the same is a good way to learn how to maintain a credit report that is in good standing.  You must carry a variety of credit to have good credit.  In other […]
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Credit Cards Can Help Build Your Credit

Despite what you have been told, a credit card can actually help build your credit.  If you are committed to making timely payments every month and keeping your balances fairly low or non-existent, a credit card can successfully build your credit over time.  It can lead to better credit offers and more favorable terms with […]
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There is Not Just One Credit Score

Your credit can impact just about everything in your daily life.  It can impact the type of car you are able to purchase, the type of home you can buy and the type of job you are able to get.  Most lenders base their decision to extend you credit and at what rate on your […]
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5 Myths About Employment Background Checks

Looking for a job today can be stressful with all of the competition for employment… The thought of a potential employer reviewing your credit report can add to your stress level.  Under the Fair Credit Reporting Act (“FCRA”), the federal statute enacted to protect consumers from unfair credit reporting, employers are permitted to review an […]
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The Difference Between a Credit Report and a Credit Score

If you don’t understand the difference between a credit report and a credit score, you are not alone.  While both are a measure of your financial wellbeing, your credit report is a history report of how you have handled your debts, both past and present, and your score assigns a number to that history.  Financial […]
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