November 12th, 2015
According to an FTC study, one-in-four consumers have an error on their credit report that could affect their credit score. A credit report error, such as a fraudulent account or incorrect account details, can have a powerful impact on a consumer’s financial health. These errors can affect everything from the terms and rates a consumer is offered on credit cards to their ability to rent an apartment.
November 12th, 2014
Credit can be a confusing topic, with a lot of misinformation circulating around. We decided to debunk some credit myths, with your help! Read on to see which credit myths we talked about and whether they're fact or fiction!
August 15th, 2014
To celebrate our newest feature (full credit reports!), we had an engaging discussion with our Twitter followers about the importance of checking and reviewing your credit report regularly. Here's how it went!
April 1st, 2013
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’!
March 28th, 2013
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.
March 5th, 2013
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.
February 13th, 2013
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.
February 4th, 2013
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.
October 31st, 2012
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.
October 22nd, 2012
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.