(WI-LO)

CFPB: Credit-Reporting Firms Often Ignore Consumers’ Evidence In Report Disputes

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]

Woman Tries To Buy Car, Gets Flagged As Terrorist

Woman Tries To Buy Car, Gets Flagged As Terrorist

Back in 2005, a woman in Colorado went to buy a car at her local Subaru dealership. Little did she know she’d spend the next five years trying to convince people she was not a Colombian terrorist. [More]

Woman Spends 6 Years Trying To Convince Credit Bureaus She's Not Dead

Woman Spends 6 Years Trying To Convince Credit Bureaus She's Not Dead

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

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

The Ins & Outs Of Getting And Using Your Free Credit Report

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]

Does A Bad Credit Score Mean You'll Be Bad At Your Job?

Does A Bad Credit Score Mean You'll Be Bad At Your Job?

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]

Groups Call On TransUnion To Stop Selling Employee Credit Reports To Employers

Groups Call On TransUnion To Stop Selling Employee Credit Reports To Employers

Employers pull the credit reports of prospective employees as a way to determine whether they’re trustworthy and good at managing money. But now more than 25 civil rights groups, labor unions and consumer groups have banned together to demand that TransUnion stop selling credit reports to employers. They say the practice is invasive, discriminatory, and worst of all, doesn’t even work. [More]

Freeze Your Credit Report

Freeze Your Credit Report

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

5 Myths About Your Credit Score

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]

Late Credit Card Payments At Lowest Rate Since Mid '90s

Late Credit Card Payments At Lowest Rate Since Mid '90s

We mentioned a few weeks ago that more Americans have begun paying down their credit card debt during the last two years rather than maxing out their accounts with stuff they can’t afford. Now comes another sign of more responsible behavior… the rate of late credit card payments is the lowest it’s been in 17 years — .That’s an entire Bieber! [More]

How Long Should Paid-Off Medical Debt Be Part Of Your Credit Report?

How Long Should Paid-Off Medical Debt Be Part Of Your Credit Report?

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]

Americans Actually Trying To Pay Down Credit Card Debt

Americans Actually Trying To Pay Down Credit Card Debt

From 2004 to 2008, while we all were busy flipping houses and blindly investing in luxury condo developments in Appalachia, credit card users were also spending $2.1 billion more in purchases than they were in bill payments. Since 2009, that tide has turned drastically. [More]

TransUnion Wants You To Share Your Credit Score On Facebook

TransUnion Wants You To Share Your Credit Score On Facebook

Social media may have created a culture of over-sharing, but what’s too personal to share with your Facebook friends? Michael was checking his credit report, and was surprised to see a “Share on Facebook” button directly below his credit score. [More]

Do VIP's Get Privileged Treatment From Credit Bureaus?

Do VIP's Get Privileged Treatment From Credit Bureaus?

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

Trying To Ruin Your Ex's Credit Score Is Not A Good Way Of Getting Revenge

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]

Want Just A Credit Report From TransUnion? Too Bad

Want Just A Credit Report From TransUnion? Too Bad

Michael wanted to pay a copy of his Transunion credit report. In theory, this shouldn’t be a problem: he gives Transunion money, they give him a credit report. If only it worked that way. It turns out that just buying a single copy of your report from Transunion is like trying to buy a mobile phone in America from a retail store: you can get it for “free” with a subscription to monitoring service, or as part of a package deal with other services, but you can’t just hand over cash for a credit report. [More]

Convincing The Credit Bureaus I Wasn't Dead

Convincing The Credit Bureaus I Wasn't Dead

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]

How To Dispute Credit Report Errors

How To Dispute Credit Report Errors

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]