Credit Score Fraud

An online scheme luring consumers with “free” access to their credit scores was anything but free as the consumer was then billed a recurring fee of $29.95 per month for a credit monitoring program they never ordered. The Federal Trade Commission has shutdown MyCreditHealth and ScoreSense, through at least 50 related websites, including FreeScore360.com, FreeScoreOnline.com…

Renters & Credit

Renters & Credit

Renters do not always get a fair shake when it comes to building credit. But, a new project is fixing the problem. PayYourRent, a leading provider of online payments in the multifamily industry, is collaborating with Experian RentBureau to help renters build their credit histories. Now, each time a resident pays their rent on-time with…

Credit Bureau Knowledge

A new survey shows most U.S. consumers have a general awareness of credit bureau information (including their credit reports), but are generally ignorant of the contents and confused about the pricing for a credit score. Recent consumer research published in Auriemma Consulting Group’s Cardbeat report, says half of consumers are generally familiar with credit bureaus,…

Credit Counseling Myths

Credit Counseling Myths

While some consumers are thoroughly embarrassed when credit or bill payment problems surface they also become bewildered when deciding what to do about it. For example is bankruptcy better than credit counseling? or is a Debt Management Program better than credit counseling? or credit counseling a real solution? The National Foundation for Credit Counseling (NFCC)…