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Financial Basics Every Teen Needs to Know

Right now, driving your son to sports practices and games, hounding him to do his homework, and reminding him that despite being in his late teens, he does have a curfew dominates your daily schedule. But even with the jam-packed schedule, it’s vital that you take the time to talk dollars and cents with your… Read More

5 Money Mistakes College Students Make

As the fall semester starts up for college students across the country, it brings a feeling of newness and possibility. Students often begin the school year with the best of financial intentions —”I’ll only use my credit card for true emergencies,” “Me? Spend my student loan money on beer? Never!” — but they sometimes veer off… Read More

Proposed Bill Would Make Drastic Changes to Credit Reports and Credit Scores

Today Rep. Maxine Waters (D-CA) will introduce the Fair Credit Reporting Improvement Act of 2014. If passed, the Act would result in the most aggressive overhaul of the Fair Credit Reporting Act since 2003 and change the landscape of over 650,000,000 consumer credit reports and credit scores almost overnight. The Act would require the following… Read More

How to Remove a Judgment From Your Credit Report

If you’ve ever been involved in a lawsuit that went to trial then you are probably familiar with the term ‘judgment.”  A judgment is a formal decision made by a court following a lawsuit. In the world of credit, it’s not uncommon for creditors or debt collectors to sue debtors for nonpayment of their debts… Read More

The Home Depot Breach and What We Should All Do Next

If the Home Depot breach turns out to be as bad or worse than the Target breach, certain things will be unavoidable for the home improvement giant. But there are some things the company can do to help reduce the short and long term impact and cost. Americans are renowned and admired the world over… Read More

What is the Credit Repair Organizations Act?

Over eight million consumers filed disputes with­ the credit reporting agencies in 2011 according to the Consumer Financial Protection Bureau. These disputes are generally submitted when a consumer disagrees with the content on one or more of their credit reports. And while consumers can submit disputes to the credit bureaus on their own, many choose… Read More

What You Don’t Know About FICO 9 (But Really Should)

In early August 2014 FICO, the company behind the FICO credit scoring system, announced their latest credit bureau risk score, FICO 9. The blogosphere lit up with coverage of the new scoring system but unfortunately most of the blog coverage of FICO 9 was simply regurgitation of FICO’s press release. There were several key points… Read More