The What, Why and How of Teaching Children About Credit Reports
The What, Why and How of Teaching Children About Credit Reports Credit for Beginners by David B. Coulter Share Share Email A popular viral Facebook post asks parents if schools should teach kids financial literacy. It’s a good question. The fact is that few schools teach kids basic facts about credit — simple things like […]
How Does Getting Married Affect My Credit?
How Does Getting Married Affect My Credit? Credit Cards by Maria Shahid Share Share Email T’is the season of love, or is it? The summer months from May to August fall under the wedding season. Unfortunately, with the arrival of COVID-19 many couples are having to postpone their wedding indefinitely, or do smaller and more […]
Why Can’t I Get My Credit Score?
Why Can’t I Get My Credit Score? Credit Cards by John Ulzheimer Share Share Email Credit scores are derived from data on your credit report…and that’s it. They are based upon mathematical formulas that predict future credit behavior using both current and historical credit information. But, we’re not all so fortunate to have a credit […]
Are lenders required to report to the credit bureaus?
Are lenders required to report to the credit bureaus? Auto Loans by John Ulzheimer Share Share Email Repeat after me…There isn’t a law that requires lenders to report to the three major credit bureaus – Equifax, Experian and TransUnion. It’s entirely voluntary. And, the credit bureaus can pick and choose with whom they want to […]
Climb Credit Score Ladder: FICO Score
Climb Credit Score Ladder: FICO Score Credit for Beginners by David B. Coulter Share Share Email What is FICO Score? A FICO score is a specific type of score that lenders use to make borrowing decisions. A credit score is a three-digit score that is used to measure how well you manage credit and debt. […]
Short Sales Being Reported to Credit Bureaus as Foreclosures? Problem Will Be Solved
Short Sales Being Reported to Credit Bureaus as Foreclosures? Problem Will Be Solved Credit Report by John Ulzheimer Share Share Email “John, I recently went through a short sale to get rid of my home. I realize this is bad for my credit but I had no idea it was going to show up as […]
Why do employers pull credit reports?
Why do employers pull credit reports? Credit Report by John Ulzheimer Share Share Email Of all the credit related topics I write about none of them (and I really mean NONE of them) stirs up more of an emotional reaction than the use of credit reports by employers. Employers, as you may know, are allowed […]
What is a Fair Credit Score Range?
What is a Fair Credit Score Range? Credit for Beginners by David B. Coulter Share Share Email What is a Credit Score? A credit score is a number between 300 and 850 that shows how reliable you are at paying back money you’ve borrowed, which is based on your credit history. Credit scores act as […]
What is a Mortgage Credit Report? How is it Different Than a Regular Credit Report?
What is a Mortgage Credit Report? How is it Different Than a Regular Credit Report? Credit Report by John Ulzheimer Share Share Email When you apply for a mortgage the lender or broker does not pull a normal credit report, like what would be pulled by an auto lender or credit card issuer. Instead they […]
How to Spot and Fix Errors on Your Credit Report
How to Spot and Fix Errors on Your Credit Report Credit Monitoring by David B. Coulter Share Share Email We might believe that the major credit bureaus keep the tightest and most up-to-date records of our credit profiles. However, according to a new Consumer Reports investigation, more than one-third, or 34 percent, of Americans found […]