August 15th, 2014

8/12 Credit Reports Tweetchat Recap!

Tweetchat: The Importance of Checking and Reviewing Your Credit Report (Recap!)

Continue Reading | No Comments | Twitter | |

April 1st, 2013

10 Credit Myths That Fool the Best of Us

credit myths th

It’s no April Fools’ joke! Credit myths and rumors are unfortunately spread around all the time, especially on the World Wide Web. We’ve talked about lots of these myths over the years, and today we’re wrangling 10 of the most common credit myths to help set things straight. No foolin’!

Continue Reading | 9 Comments | Twitter | |

March 28th, 2013

How Does an Eviction Affect My Credit?

eviction

Unlawful detainer. Chances are you don't know what that means, unless you've been expelled from your home. It's the technical term for the legal action taken to evict someone from a property. Unsurprisingly, evictions most frequently occur when a tenant has broken the terms of his or her lease, like when you fail to pay rent. That kind can do a number on your credit health. But there are other types as well. Today, we'll take a quick look at the different types of evictions and then go over how an eviction can affect your credit.

Continue Reading | 19 Comments | Twitter | |

March 5th, 2013

5 Things You Can do to Protect Your Credit

protect credit

So far for National Consumer Protection Week we've covered 4 Ways to Keep Your Money Safe and How to Spot and Avoid Credit Repair Scams. Today we’re talking about what you can do to protect your credit from things like fraud and errors. Read on for five of our best tips.

Continue Reading | 6 Comments | Twitter | |

February 13th, 2013

New FTC Study: 25 Percent of Consumers Have Credit Report Errors

credit report errors th

For years there’s been an ongoing debate about accuracy of credit reports. Various studies have claimed that 3 to 25 percent of reports contain errors. The study released in May 2011 by the Policy and Economic Research Council claimed that 19.2 percent of credit reports contain errors, but less than 1 percent of corrected errors led to significant increases in credit scores. The main issue with this study has been that it was initiated and paid for by the Consumer Data Industry Association, a trade group for the credit bureaus.

Continue Reading | 1 Comment | Twitter | |

February 4th, 2013

Why Don’t I Have a Credit Report?

no credit report th

This is a great question, and one that can definitely be confusing. There are likely two reasons why you might have a hard time getting a credit report. The best-case scenario is easily fixed, while the worst-case scenario will take some time to remedy. And there’s a weird-case scenario that could prevent you from pulling a credit report, too. We’ll get to that one at the end.

Continue Reading | 2 Comments | Twitter | |

November 6th, 2012

Credit Report Card Break-Down: Percent of On-Time Payments

percent of on-time payments th

Last week we covered open credit card utilization. This week, we’re talking about another important factor of your credit score: your percentage of on-time payments. This percentage shows lenders how often you pay your bills on time. A percentage even slightly less than 100 percent can mean trouble for your credit score.

Continue Reading | 18 Comments | Twitter | |

October 31st, 2012

Credit Report Card Break-Down: Open Credit Card Utilization

ccu th

The first item listed in your Credit Report Card is your open credit card utilization. This factor greatly impacts your credit score. Your open credit card utilization is the percentage of your credit limits that you’re using at any given time. It can be calculated by dividing your credit card balances by your credit limits. It’s a metric used by most credit score models to help assess your creditworthiness.

Continue Reading | 13 Comments | Twitter | |

October 22nd, 2012

Credit Report Card Break-Down: Introduction

credit report card th

Earlier this year on the blog we presented The Ultimate Guide to Credit Karma to tell you all about Credit Karma’s features and how to best use them to monitor and improve your credit health. We started with the Credit Report Card, which was created to help you better understand the factors influencing your credit score. Then, we realized there was a lot more to tell.

Continue Reading | 2 Comments | Twitter | |

September 7th, 2012

Why You Should Check Your Credit Report – Jim’s Story

check your credit th

The experts always advise that you check your credit reports regularly because you never know when someone may steal your identity or the credit bureau messed something up on your report. The statistics are not on our side.

Continue Reading | 5 Comments | Twitter | |

Advertiser Disclosure: The offers that appear on this site are from third party advertisers from which Credit Karma receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). It is this compensation that enables Credit Karma to provide you with services like free access to your credit scores and free monitoring of your credit and financial accounts at no charge. Credit Karma strives to provide a wide array of offers for our members, but our offers do not represent all financial services companies or products.

Editorial Disclaimer: Content on the Credit Karma Blog is for entertainment and information purposes only. The opinions expressed on the blog are those of the authors themselves, and not necessarily Credit Karma or its affiliates. However, Credit Karma may be compensated by companies mentioned in the Credit Karma Blog through advertising, affiliate programs or otherwise. It is this compensation that enables Credit Karma to provide its members with services like free access to your credit scores and free monitoring of credit and financial accounts at no charge.

Archives

Categories