Consumerist
-
credit
36 Risk Factors Creditors Use To Deny You Credit
Lenders can use the data from your credit report to deny you credit for any one of several reasons. If you are denied, you receive a letter identifying the credit reporting agency that provided the report, along with a risk factor reason code. Bargaineering published a list of the common risk factor codes that lenders use to deem you unworthy of credit. For all three reporting agencies, the cardinal sins are owing too much and failing to pay your bills. The list of codes, inside. More » -
questions, answered
Will My Credit Score Hurt If I Pay Off And Close My Credit Card?
Does paying off and closing a credit card hurt your credit score? That's a two-part question. The answer to the first one is no, it helps, and the answer to the second is yes, closing your credit card hurts your credit score. Credit bureau Exerpian's "Ask Max" says, More » -
fast food
McDonald's Remains America's Favorite Fast Food Restaurant
Consumer research company Experian Simmons (yes, owned by Experian), has released a new study of fast food industry covering the past 5 years, and it looks like we still love going to McDonald's more than any other fast food restaurant. More » -
fico
Experian Stoppped Selling FICO b/c Contract Dispute (FICO '08 Related?)
Just like I figured, the reason Experian won't sell you your FICO score anymore is because of a contract dispute with the Fair Issac corporation, and I'm guessing it has to do with the rollout of FICO '08
More »
-
experian
VantageScore And PlusScore Are Garbage Credit Scores
Would you buy a credit score that lenders don't even use? Check it, when Consumer Reports went over the the fine print, Experian's "VantageScore" says that it's "for educational purposes only." And their "PLUSscore" is "not currently sold to lenders." What good does that do you? None. It's just something for them to market and make money money off people who don't know any better. More » -
fico
Experian Yanks FICO Score Away From Consumers
Soon consumers will only be able to see two out of the three credit scores lenders use to judge their credit worthiness. Out of nowhere, Experian announced it will no longer be selling its version of the FICO score through myFICO.com. More » -
credit score
How Credit Bureaus Correct, Or Fail To Correct, Errors On Your Report
SmartMoney's Anne Kadet looked into the process by which the three major credit bureaus—Experian, TransUnion, and Equifax—investigate and correct errors on credit reports. What she found was that the process is "almost entirely automated," and that "many lenders respond by simply rereporting the erroneous data." Here's how it works, and your meager options when something goes wrong. More » -
credit scores
Debunking Five Credit Score Myths
Your credit score. It's amazing how one little score can have such an impact on our finances and how misunderstood that number can be. We'll debunk five common myths about it right here, right now. More »
10:01 AM on Sat Jan 24 2009
By Bargaineering.com
20,573 views, 46 comments -
-
fico
Check Your Credit History Year-Round, For Free
Statistics show that 80% of credit histories have at least one error. Most of them are minor and inconsequential but some can have an adverse effect on your credit score, often costing your thousands on mortgages and car loans. I believe credit bureaus were so lackadaisical about accuracy because it forced consumers to buy their credit reporting services. You wouldn't know there's an error unless you paid Equifax for a copy of your report. Fortunately, federal law now makes it possible for us to police our own records and force bureaus to correct them, all on their dime. Here's how: More » -
credit scores
Hard And Soft Credit Inquiries, And How One Hurts Your Credit Score
Did you know that when a company checks out your credit report, it can damage your credit score temporarily? It depends on if the inquiry is "hard" or "soft." Hard inquiries ding your score, soft don't. If you're going to get a mortgage or a car loan, a few points difference translates into a big chunk of change. So how do you know when an inquiry is going to be "soft" or "hard?" More »
12:57 PM on Sat Dec 6 2008
By Bargaineering.com
28,386 views, 58 commentsMost discussed SadSam: When I bought a car this past fall I ended up with a hard inquiry and a ding to my more »
-
zombie debt
Judge Orders Credit Reporting Bureaus To Strike Forgiven Debts From Records
The three big credit reporting agencies—Experian, TransUnion, and Equifax—have been inaccurately reporting debts on millions of consumers' credit reports even after the debts have been forgiven during bankruptcy filings. Once forgiven, the debts are supposed to be removed from credit reports, but the agencies are continuing to report them as active. They have until October 1st to comply with Judge David O. Carter's order to "revamp their systems," writes Jane J. Kim on the Wall Street Journal's finance blog. Now if you're in debt trouble, you can look forward (?) to having either unpaid debts on your credit report, or a bankruptcy filing, but hopefully no longer both at the same time. More » -
annual credit report
Consumer 101: Get Your Free Credit Report From "Annual Credit Report.com"
You've probably seen those commercials featuring a friendly looking jackass and his factually inaccurate songs about what can happen to you if you don't check your credit report. It's true, checking your credit report is a good idea, but you can avoid subscription-hawking pay sites and, instead, go to AnnualCreditReport.com. More » -
credit reports
Really, Credit Bureaus, I'm Not Dead
John wants to know how he can convince the world that he's not dead. He writes: More » -
credit bureaus
Mailing Addresses For TransUnion, Experian, Equifax
Having trouble finding the mailing address for any of the three major credit bureaus, TransUnion, Experian, Equifax? Here they are: More » -
equifax
5 No BS Ways To Get A Credit Score For Free
Here are 5 ways to get your credit score for free. Note, all of them are the credit scores developed by the credit bureaus themselves, Experian, TransUnion, and Equifax, and are not your actual FICO scores. Only the FICO score is used by lenders to determine your credit worthiness. However, you can at least use these credit bureau scores to get a general sense of how good your credit is. More »
-
heroes
Leukemia Survivor Who Had Identity Stolen By Lab Tech Tells His Story
We wrote about Eric Drew a few weeks ago—his personal information was stolen by a shady lab technician while he was undergoing treatment in 2004. Even after the lab tech was convicted, Drew still had to fight with the credit reporting companies to prove he existed and to clear up his credit record, so he filed lawsuits against TransUnion, Bank of America, Chase, Citibank, Equifax and Experian. He settled with TransUnion earlier this year, and as part of the settlement they will now accept doctors' notes for the hospitalized and the elderly, as well as offer free credit freezes to victims of ID theft. More » -
credit reports
This Is Why You Don't Use FreeCreditReport.com
Jesus from South Texas signed up for credit monitoring at the notoriously scammy FreeCreditReport.com. He never received the confirmation email and wasn't able to access his account, so he never used it, but forgot to call to cancel it. After three months he realized he was being charged $15 a month as per their terms of service, so he went to their site to retrieve his login credentials and was told the account didn't exist. After that, it took him 4 calls to get the account canceled, and they would only refund him for one month of service. One of their CSRs tried to scare Jesus into keeping the account open because there had been some "suspicious activity" in his credit history that he'd be wise to monitor. Then they told him there is no phone number or email for their "customer satisfaction department"—it can only be reached through snail mail. More » -
badvertising
FreeCreditReport.com (And Their "Funny" Commercials) Sucks
This commercial for "FreeCreditReport.com" is not only somewhat inaccurate, it advertises a service that is NOT FREE. More »
experian
New York, 5:25 PM
Mon Nov 9
15 posts in the last 24 hours
Tip Your Editors:
tips@consumerist.com
tipline: 347-42C-ON95
Co-Managing Editor:
Ben Popken
Email | AIM | Twitter
Co-Managing Editor:
Meghann Marco
Email | Twitter
Senior Editor:
Chris Walters
Email | Twitter
Weekend Editor:
Laura Northrup
Email | AIM | Twitter
Associate Editor:
Alex Chasick | Email
Associate Editor:
Phil Villarreal
Email
