Should I close credit card accounts?
Should I close credit card accounts? Credit Cards by John Ulzheimer Share Share Email It’s one of the most common myths related to credit scoring…close credit card accounts if you’re not using them because it will improve your scores. This is one of the fallacies of credit scores that many don’t understand. It may seem […]
Do I have to pay an incorrect credit card bill?
Do I have to pay an incorrect credit card bill? Credit Cards by John Ulzheimer Share Share Email Don’t ignore a transaction on your credit card statement that is incorrect or that you did not make. You are responsible for the transaction, unless you inform the credit card issuer otherwise and they credit your account. […]
How Much Do Credit Inquiries Impact my Credit Scores?
How Much Do Credit Inquiries Impact my Credit Scores? Credit Monitoring by John Ulzheimer Share Share Email Credit inquiries occur when a company pulls your credit report, which is usually the result of you seeking credit. The company name, their industry (i.s. auto, mortgage) and the date they reviewed your credit report are listed on […]
Determining the Best Credit Monitoring Company
Determining the Best Credit Monitoring Company Credit Monitoring by Maria Shahid Share Share Email A lot of financial decisions revolve around your credit score no matter where your score is sitting at currently. Whether you’re in the market to buy a house, purchase your dream car, or need a loan, your credit score will be […]
Revisting the CFPB’s Actions Against Credit Card Issuer Discover
Revisting the CFPB’s Actions Against Credit Card Issuer Discover Credit Cards by John Ulzheimer Share Share Email The Consumer Financial Protection Bureau (CFPB) and Federal Deposit Insurance Corporation (FDIC) have taken action against another credit card issuer. This time it was Discover, which settled for $200 million for charges that they misled cardholders about its […]
I have a credit report, why don’t I have a credit score?
I have a credit report, why don’t I have a credit score? Credit Cards by John Ulzheimer Share Share Email In order to have a credit score, you must have a credit report. The reason is that score is calculated from the data on the credit report. The credit report information has to be current […]
Is a Short Sale Better For My Credit Than a Foreclosure?
Is a Short Sale Better For My Credit Than a Foreclosure? Credit Report by John Ulzheimer Share Share Email The following question was sent to me by a Facebook friend. I get this question once or twice a month. If you have any credit related questions please feel free to send them to me via […]
Where can I get REALLY free credit reports, credit scores and credit services?
Where can I get REALLY free credit reports, credit scores and credit services? Credit Cards by John Ulzheimer Share Share Email We’ve all heard the warnings…if it’s too good to be true then it probably is. And, how about this one…you don’t get something for nothing. But in the world of credit reporting and credit […]
How to Avoid Credit Card Fraud
How to Avoid Credit Card Fraud Credit Cards by David B. Coulter Share Share Email Most of us use our credit cards for everything from filling the car up with gas, to buying groceries, to making our charitable contributions and paying our bills. Credit cards provide a tremendous convenience by saving us time and making […]
FICO Study on Credit and Debit Card Fraud
FICO Study on Credit and Debit Card Fraud Credit Monitoring by John Ulzheimer Share Share Email FICO, the company that invented the credit score, recently conducted research on debit and credit card fraud in the U.S. The research was conducted from January 2010 to September 2011 and included hundreds of millions of active credit and […]