Credit Repair Articles

There has been a lot of criticism over the practice of credit card companies using social media as a resource for recruiting new business. Lenders have been found to roam around on Facebook and Twitter in an effort to find what the younger set is ‘liking’ so they can develop better strategies for gaining new [...]

The federal government is now involved in a credit card skimming scheme that affected a number of customers who patronized a Tulsa McDonald’s drive-thru. One worker has already admitted to using a handheld credit card skimming device over the course of three weeks in order to snag the credit card numbers. The employee then sold [...]

Credit card companies are showing more evidence that the economy of the United States is getting stronger. Results of latest studies show more consumers are using their credit cards once again, showing more charges recently than in the last year. In 2011, American credit card holders charged almost $48 billion in new credit card purchases. [...]

Impatient people have lower credit scores according to a study released in December 2011. But, new data shows a correlation between rudeness and high credit scores. According to a Huffington Post article, some of the rudest cities in the nation are also homes to consumers with the highest credit scores. Based on an annual survey [...]

American Express Co is the largest credit card provider by purchases and they are now under the microscope for some of their late fee tactics. The Federal Deposit Insurance Corp and the Consumer Financial Protection Bureau are taking action against the company for late fees that were incurred by some AmEx customers through Centurion Bank. [...]

Reports show that more than 1.3 million Americans turned to credit unions in the last year for bank services which is quite a jump from the 600,000 who signed up in 2010. This jump is likely due to the much higher bank fees being imposed on customers and those customers that can no longer afford [...]

Debt collectors routinely try to collect on debts that they know would not be enforceable in court. They may even try to get you to restart the debt by making a partial payment or by transferring the old debt to a new credit card. But, in a lawsuit settlement with one of the biggest debt [...]

A cashier at a Westchester NY has been alleged to have played a part in a consumer credit card scam that netted more than $180,000. The cashier has been accused of selling the card information she stole while working at Staples. Valerie Fajardo, a 21 year old from the Bronx, utilized a credit card skimming [...]

The Federal Reserve released its monthly report for December outlining the use of consumer credit. It appears the percentage of consumers borrowing outside of mortgages has actually gone up for the month. The month of November also showed an increase making the two month span the highest rise in consumer credit borrowing in the past [...]

Personal finance experts have long been warning consumers about investigating credit card fees before signing up for a card. Believe it or not, there are card holders actually willing to fork over $400 a year to have one of First Premier Bank’s cards. This $400 annual fee card is not designed for the rich and [...]

New credit reporting tactics mean that rent payments may now have an impact on your credit score. So if you haven’t been faithful about making timely payments because they’re not reported to the bureaus, it’s time to change that habit. In June 2010, Experian purchased RentBureau, a rental reporting agency that collected rental payment information. [...]

Capital One Financial Corporation launched the new Journey Credit Tracker. It is an online financial education resource for customers with Journey Student Rewards accounts. Capital One’s new venture is powered by CreditKarma and allows cardholders access to their credit score each month from the TransUnion reporting agency. Capital One instituted the Journey card to teach [...]

There have been a lot of news headlines over the recently released card by Suze Orman, personal finance expert. Many consumers believe using debit cards keeps them out of debt and avoids high interest rates. However, if you are intent on repairing your credit score, using a card is a wiser move to make but [...]

Now that the spending holidays have passed, there is a lot of consumer concern about eliminating the debts incurred on cards and starting credit repair initiatives. For consumers that overspent and now face the inability of being able to repay their debts, it is important to explore debt relief options before choosing one, especially for [...]

There are several news stories this week pertaining to a consumer’s quest to achieve the best credit score. Currently, lenders have set their standards for good credit scores around 730. Those that hold a score of 730 or higher are assured in getting the best options when it comes to financing a loan, obtaining car [...]