Yesterday I wrote about the recent TransUnion class action settlement. In short, if you had a credit card, loan, or credit account in the last 21 years, you qualify and can get free credit monitoring, credit scores, or money. Well, guess what? There’s another settlement out there kicking around. As a result of Townes v. [...]

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If you, like most everyone else, had a credit card, loan, or credit account anytime between January 1987 and this past Wednesday (May 28th, 2008), then you’re eligible to file a claim in a preliminary settlement of a class-action lawsuit against TransUnion.
This lawsuit, which dates back eight years, stems from allegations that TransUnion violated federal [...]

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As I’ve noted elsewhere, your credit score is an incredibly important number. Even if you don’t need it for securing credit, it can influence your insurance rates, play a role in landing your next job, and help (or hinder) you from getting an apartment. Thus, it’s in your best interest to understand the factors that [...]

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As important as your credit score is, would you be willing to sell a piece of it in return for some free cash? The reason I ask is that there are tons of great credit card offers out there, but every time you apply for one, your credit score takes a bit of a hit. [...]

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The other day I wrote about how to improve your FICO credit score. I was therefore quite interested when I saw that Jeremy at GenXFinance had compiled a list of 15 tips for improving your credit history and FICO score. Given the importance of your credit score in everyday life, it’s well worth taking good [...]

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Hmmm… This is kind of interesting. According to a recent issue of Fortune magazine, billionaire investor Warren Buffett’s FICO credit score is just 718. While this is far from a bad credit score, it’s interesting that the credit bureaus consider the Oracle of Omaha to be a bigger credit risk than little old me.
Perhaps Buffet [...]

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First we started hearing about arbitrary increases in credit card interest rates, and now this… According to a recent blurb in Money Magazine, however, credit card issuers have recently started reducing credit limits for some borrowers, even those with good credit records.
Factors that put you at risk are making an occasional late payment, living in [...]

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As you’re no doubt aware, your credit score is an incredibly important number for a variety of reasons. So if, for whatever reason, your credit score isn’t where you want it to be, how can you improve it? Contrary to what credit repair services would like you to believe, there are no magic bullets here. [...]

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According to a recent article in Money Magazine, Fair Isaac is set to roll out a new formula for determining your credit score. Their goal is to better differentiate between “good risk” and “bad risk” borrowers, thereby providing creditors with a more realistic idea of your risk o defaulting. The good news here is that [...]

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Ever wonder how your credit score is determined? While Fair Isaac (the company responsible for FICO scores) holds the details of their calculation very close to the vest, there are some generalities out there that are good to know. Here’s a quick rundown, as well as an indicaiton of the relative importance of each component:
Payment [...]

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