Chip-based credit cards are the new way to make a card transaction. The chip supposedly provides a more secure way to complete the transaction and keep your financial information safe. It works by randomizing the data sent to the card reader, making that information valid for one single transaction, versus the swipe method that had
Look out: many consumers across the country receive phone calls from fake debt collectors. These phone calls could include demands on repaying a loan you never took out or an amount within a loan that wasn’t what you originally took out, among other situations. The Federal Trade Commission warns consumers like you to be wary
Most of these blog posts focus on how to recover from bad credit. But if there’s such a thing as bad credit, good credit also exists. When it comes to maintaining good credit, there are a few things to keep in mind or else your credit score may lower. Avoid these four things in order
It may seem like a dream come true when a company offers an easy, quick solution to repairing bad credit. Be wary; some credit repair companies scam consumers, leading to more repercussions than simply having a bad credit. What does a scam look like? Any kind of advertisement mentioning a “new credit identity” with a
In September, Wells Fargo employees were caught secretly creating millions of unauthorized bank and credit card accounts since 2011. These accounts gave the bank an increase in its sales figures and profit. What Happened? According to the Consumer Financial Protection Bureau, employees enrolled their customers in online banking services by creating fake PIN numbers and
Credit Report Errors can devastate and cost you big time! Credit report errors can lower your credit score. A low credit score can result in higher interest rates on your credit card bills, home mortgage, and student loans, denial of loan and credit offers, and affect your U.S. government clearance. Background check errors can result
Identity theft occurs when a person’s financial or personal information is taken for the sole purpose of assuming that person’s identity in order to make transactions or purchases. Once a person’s identity is stolen, they may have difficulty removing errors from their credit report. It may also negatively impact their ability to get a job
It’s not uncommon for debt collectors to dish out empty threats to intimidate and pressure consumers into taking action on a debt. These threats are illegal and are used to get consumers to agree to make some kind of payment, even when there’s no proof of the consumer actually owing the debt. While there are
What is Zombie Debt? The Federal Trade Commission (FTC) defines zombie debt as “debt you think is dead, gone, and forgotten, but has somehow come back to life.” Zombie debt can be a result of a multitude of things, and knowing what it is, where it came from, and how to dispute it is critical.
So you have applied for a new job and are now anxiously awaiting the final offer. You know they are just doing a routine background check and once they get it back the job is yours. No worries….right? Even if you do not have a criminal history, you should be concerned about what may show