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  • Credit report

    Sen. Elizabeth Warren & Rep. Steve Cohen: It’s Time to Stop Employer Credit ChecksGovernment, credit

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    Bad credit can happen for a lot of reasons, but today many people have bad credit through no fault of their own. Illness, job loss, divorce or the death of a loved one can plunge a family into unexpected hard times. In difficult circumstances like these, a drop in income or taking on more debt can badly damage a credit report—even for a person who continues to make every payment on time. For countless Americans, […]

  • Debt

    7 Mistakes That Can Demolish Your Credit Scorecredit, Personal Finance

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    It’s the irony of all ironies: Shortly after writing a story about the risk of paying a department store card late after the holidays, since it’s not in your usual list of bills to pay, I forgot to pay one of mine. To be fair, I did check online for my statement a couple of times, but it wasn’t ready yet. And somehow I missed the mail telling me when it was finally ready. Thankfully, […]

  • Are We One Step Closer to Your Facebook Friends Impacting Your Credit?credit, Technology

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    The U.S. patent office granted Facebook an updated patent on technology that would allow lenders to evaluate loan applicants based on their social network connections, reports VentureBeat. The technology tracks how closely (or not) people are connected. The technology is employed to minimize spam (people sending messages to those with whom they have no relationship) or prevent people from showing up in strangers’ search results, according to the “summary of invention” section of the patent. […]

  • The Millennial Mindset That’s Setting Them Up for Financial SuccessColumn, credit, Blog, Personal Finance

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    Millennials are big on communication and DIY projects. While some say they are self-centered, or even self-obsessed, others point to their tendency for group-think and communitarian leanings. They believe more in the power of their network of friends than in institutions. One thing is for sure: Millennials are heavily invested in controlling the narrative of their lives — both globally and digitally. While such a tack can be instantly gratifying on social networking sites, it […]

  • Rep. Jim Langevin: What We Should Be Doing to Protect Our Kids’ Creditcredit, Identity Theft

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    An 18-year-old looking to purchase his first car. A young woman applying for the student loan that will put her through college. A foster youth aging out of the system and eager to get a place of his own. These are exciting milestones in the lives of young people, turning points that mark new beginnings and the start of independence. Now imagine you’ve reached this crossroads only to discover that your identity had been stolen. […]

  • Mistake

    How Often Should I Check My Credit?credit

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    If you’ve ever taken care of a sick child, you’ve probably checked their temperature much more often than you would ordinarily — and you may be using an actual thermometer instead of gently touching a forehead or neck to get a rough idea of whether there’s a fever. But what do you do when the patient is your credit? It’s not as if you can check your credit a few hours after administering the “medicine” to […]

  • Credit Card

    Switch to chip & sign credit cards still leaves users exposedcredit, Identity Theft

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    The way Americans spend money is on the verge of its biggest change in decades, but the drumbeat of doubters continues to get louder. New chip-enabled credit cards are slowly getting into consumers’ hands in advance of a looming deadline later this year. But a Walmart executive recently told CNN that U.S. chip cards are a “joke,” and a new report examining other countries’ changeovers suggests criminals around the globe merely switched tactics and kept […]

  • Do Genetics Influence Your Credit Score?Financial Literacy, credit

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    There is the standard list of factors that influence your credit score: payment history, outstanding balances, the types of credit that you use and so on. But what you probably don’t realize is that your genes may also play an important role. Yes, your biological wiring might make you more likely to be more risk-seeking and take on more debt, which could lead to a lower FICO score. I came across this intriguing discovery while […]

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