Robert McKinley Professor Cardworthy

Robert McKinley Resurrects Professor Cardworthy

Professor Cardworthy, the “Money Explainer” of all things financial, was resurrected by Senior Payments Analyst Robert McKinley, reprising his role first developed in 2007 as the actor in a series of 50 “Cardworthy” YouTube consumer instructional videos. The 2007 project was shelved while Mr. McKinley was in a cancer battle and later placed on hold…

Credit Scores Sink

Credit Scores Sink and Stink in Wake of Unfortunate Unforeseen Events

Credit scores are the lifeblood of personal lending around the world and, if they fall below 660 it can become a “scarlet letter,” a sign of personal financial mismanagement. Repeated surveys confirm job loss, medical expenses, divorce, natural disasters or personal disasters are the major factors destroying a personal credit score. Missing one credit card…

Unprecedented Economic Turmoil for 2019-2020

Unprecedented Economic Turmoil Rattle Americans for 2019-2020

The unprecedented economic turmoil unleashed on U.S. consumers since December, by the longest U.S. government shutdown ever, is driving Americans’ bananas, heading to food banks, payday lenders and fighting off lenders and landlords. Tax Refund Mess Adding more insult to the financial injury is the reduced tax refund amount produced by last year’s Tax Cuts…

Credit Scores & Credit Cards

Average Credit Scores Top 700 as Prime Status Remains Elusive to Most Americans

Average credit scores for consumers in the U.S. continue to hover around 700. Over the past ten years, consumer FICO credit scores have increased from 689 to 704. Interestingly, the percentage of Americans with low or sub-prime credit scores has increased while consumers with very high or super-prime scores has also increased by approximately the…

Telecoms Plugin CRAs as Big Hammer to Collect on Past-Due Bills — Impact to Credit Scores Minimal

Nearly one out of four U.S. consumers, who are delinquent on telecom services, such landline or cell phone, cable, and internet, have discovered the collection activity listed on their credit reports.  While the telecom collections item on a consumer’s credit record will not help their personal credit score, the change in score before and after…

Credit Reports Now Bigger Threat to Security Clearances Than a Vengeful POTUS

The Department of Defense (DoD) now has 24X7 “eyes” on your credit file looking for past-due bills, excessive debt, collection activity and/or a high debt-to-income ratio that could jeopardize your clearance status.  Ironically, the President of the U.S., who has a long documented history of stiffing vendors, bankers, and employees, recently issued a directive that…