If you’re included in the one in five consumers who obtain an annual credit report, perhaps you’ve noticed an error in your report and have tried to get that fixed. But the Consumer Financial Protection Bureau says that could be an exercise in futility, as the three major credit-reporting firms might not be paying attention to any information you submit to make your case. [More]
CFPB: Credit-Reporting Firms Often Ignore Consumers’ Evidence In Report Disputes
By December 13, 2012
Woman Spends 6 Years Trying To Convince Credit Bureaus She's Not Dead
By April 16, 2012
In 2004, a hospital staffer accidentally checked off “deceased” on a heart surgery patient’s discharge papers. That one little tick mark on one document resulted in years of headaches for that woman, as she has attempted time and again to prove to the three credit bureaus that she is not a zombie. [More]
Cordray: Credit Bureaus Are A "Murky Unknown" To Consumers
By February 21, 2012
Last week, the Consumer Financial Protection Bureau announced it was drafting new regulations that would allow for the oversight of the largest credit reporting bureaus and debt collection companies. The reason, explains CFPB head Richard Cordray is that many consumers are in the dark about these businesses and feel somewhat helpless when it comes to dealing with them. [More]
The Ins & Outs Of Getting And Using Your Free Credit Report
By January 26, 2012
Regular readers of Consumerist know full well that those websites like FreeCreditReport.com and FreeScore.com (you’ll forgive us for not actually linking to them) are not exactly what their names might have you believe. But there are new consumers born every day, so it doesn’t hurt clarifying once again that there is only one place to score your credit reports with no strings attached. [More]
Someone Steals My Credit Card Number So They Can Buy Credit Protection From Experian
By December 14, 2011
Credit protection programs often cost money. So what’s a someone who can’t get the credit to buy such a program supposed to do? Well, in this case the answer was apparently “steal someone else’s credit card number.”
Does A Bad Credit Score Mean You'll Be Bad At Your Job?
By November 10, 2011
A growing number of employers are running credit checks on potential hires before making a job offer. Unfortunately, there are a large number of people out there whose credit reports are still marred by the recent and ongoing economic troubles. So does it make sense to consider an applicant’s credit history? [More]
Freeze Your Credit Report
By October 6, 2011
One way to protect yourself from identity theft is to “freeze” your credit report. This means that no new lines of credit can be opened in your name because lenders are prevented from taking a look at your credit report. This stops identity thieves from opening credit cards under your name and going on spending sprees. It also means extra hassle for you when you want to legitimately open credit. There’s always a tradeoff between security and convenience. Here’s how to do it. [More]
5 Myths About Your Credit Score
By September 15, 2011
How one’s credit score is computed is to most people a complete mystery, akin to figuring out a quarterback’s passer rating. Thus, there are numerous myths and half-truths that have attached themselves to credit scores, some of them having at least a partial basis in fact. [More]
How Long Should Paid-Off Medical Debt Be Part Of Your Credit Report?
By August 1, 2011
Right now, any medical debt that gets sent to a collections agency can remain on your credit report for up to seven years, even after it’s been paid off. This ding on your credit score can be the difference between qualifying for a loan or being denied. That’s why the House Committee on Financial Services is looking at a bill that would erase some paid medical debts from folks’ credit reports. [More]
Do VIP's Get Privileged Treatment From Credit Bureaus?
By May 16, 2011
NYT reports that the three major credit bureaus each keep a special VIP list of important people who are given preferential treatment when fixing their credit reports. The list has the names of celebrities, politicians, judges and others on it. When they have errors on their reports, they are fixed by employees who work in America, and fixed swiftly. The rest of us get our requests shunted overseas to be dealt with in a cursory manner. [More]
Trying To Ruin Your Ex's Credit Score Is Not A Good Way Of Getting Revenge
By May 4, 2011
When a romance goes south, it’s not unheard of for at least one of the parties involved to begin dreaming up clever ways to continue making the other person’s life hell. And one thing you definitely don’t want to do is try to screw with your ex’s credit score. [More]
Someone Explain To Experian How American Express Cards Work
By April 21, 2011
How does American Express work? Michael writes that Experian doesn’t seem to understand how the company’s credit limits work. His card technically has no limit, and this confuses Experian. They coped with the confusion by showing that instead of having theoretically infinite available credit, he had $0, making his pristine record look pretty bad to potential lenders. [More]
The Credit Score Experian Is Selling You Isn't The One Lenders Consider
By April 11, 2011
If you’ve ever turned on a TV, you’ve seen those dudes singing about getting your credit score and making it seem like a good thing to do. Which it is, really, important to know that kind of thing. But a a new lawsuit filed against Experian, a super huge credit bureau, says that the company is intentionally misleading consumers about their scores. [More]
Experian Adds Rent Payments To Credit Reports
By February 17, 2011
In what could be a boon to renters looking to build a credit history (or bad news if you have a roommate who always delays your rent), credit reporting agency Experian has begun incorporating data on rental payments into its reports. [More]
Expedia Pulls American Airlines Listings From Site
By January 1, 2011
Expedia.com has wasted no time in picking the first travel industry fight of 2011. Less than two weeks after American Airlines parted ways with Orbitz.com, Expedia has made its stance clear by removing all American listings from its pages. [More]
Convincing The Credit Bureaus I Wasn't Dead
By September 9, 2010
A writer for Slate shares the tell of her trying to convince Experian and Transunion that she is not deceased, as being dead is a bit of a problem when you’re trying to buy an apartment. Transunion only took one phone call and one fax to Lazarus her, but Experian was an abyss of despair, until, out of the darkness, a ray of hope emerged… [More]
MTV News Becomes Paid Shill For FreeCreditScore.com
By August 11, 2010
Maybe you didn’t take MTV News too seriously to begin with, but if you did you might want to reconsider. BrandChannel started noticing that MTV News was posting articles about FreeCreditScore.com’s contest for a new sellout band for its TV spots. (This is the same company as FreeCreditReport.com; both charge for their services and generally suck.) The problem with the paid MTV sponsorship is that it’s not disclosing that the “news stories” are just advertorials. [More]
How To Dispute Credit Report Errors
By June 24, 2010
Over 80% of credit reports have errors on them, errors which could be lowering your credit score and keeping you from getting credit or paying more for it than you should. Here’s how to fix them: [More]
