The Consumer Financial Protection Bureau (CFPB) reached a legal settlement with credit repair brands that include Lexington Law and CreditRepair.com. These are companies that market the possibility of eliminating debts and improving credit scores. ... READ MORE
Category: Money Matters, Work & Life
Check Your Credit Score: Lenders use your credit score to determine your loan eligibility and interest rate. Aim for a score of 620 or higher, though higher scores get better rates. Pay Down Debt: Reduce your debt-to-income ratio to show ... READ MORE
Category: Home Management, Money Matters, Work & Life
The federal law, Fair and Accurate Credit Transactions Act (FACTA) of 2003 requires the 3 national credit reporting agencies – Equifax, TransUnion, and Experian – to annually provide 1 free credit report from each agency to consumers who ... READ MORE
Category: , Money Matters, Work & Life
Consumers applying for credit are sometimes surprised to find out the credit score they have been monitoring is different from the credit score the lender uses to evaluate their credit application. This happens because there are many different ... READ MORE
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The persistent falsehood – leave a small balance on your credit card every billing cycle to build a credit score – has no basis in fact. The truth - if you leave a balance on your credit card - you accrue interest on both existing and new ... READ MORE
Category: Money Matters
Until recently, the three major credit bureaus – Equifax, Experian & TransUnion- tracked and treated medical debt collection very similar to other types of collections. If a consumer does not pay a debt, the creditor can sell the unpaid ... READ MORE
Category: Money Matters
About this series Rising costs have brought on rising concerns. In an ongoing effort to help people – from producers to consumers – weather the storm, the University of Florida Institute of Food and Agricultural Sciences brings research-based ... READ MORE
Category: UF/IFAS
You might not think it, but March has been a great month for consumers, especially in Florida. Yes, fuel prices are up and inflation is high. There have been a few new developments on the state and national level. These developments are game ... READ MORE
Category: , Money Matters, UF/IFAS Extension
Fair Isaac Corporation developed FICO® Score models to rate a consumer’s credit history. Since 1989, the company has developed many different scoring models to sell to lenders and consumers. A pie chart is often used to explain factors ... READ MORE
Category: Money Matters
Improving your credit score take time but it is not hard to do. Here are the steps you can take to get a better score. 1. Figure out where you stand Before you begin do-it-yourself credit repair, you’ll want to get copies of your full ... READ MORE
Category: , Money Matters, UF/IFAS Extension, Work & Life