Critics of a new intellectual property proposal circulating on Capitol Hill worry that it could inadvertently wreak havoc on legitimate e-commerce websites by suspending their ability to accept credit cards. Sponsors of HR 3261, the Stop Online Privacy Act, proposed new rules that would exempt credit card processors, ISPs, and other third-party technology vendors from [...]

So you’ve gotten your free credit score, and you think you’re set. Now you know exactly where you stand, and you know what the credit card companies and banks are thinking about you when you apply for a loan. Right? Um, actually, no. In most cases, the credit score we consumers will soon see will [...]

I don’t know of anyone who purports to like government. Taxes, potholes, lost mail–everyone’s got a gripe. But if you have bad credit you should love government, and you should be concerned about an impending shutdown. These days, home loans for people with bad credit are pretty much limited to government loans like VA, FHA, [...]

A recent study by FICO shows exactly what various credit faux pas cost you in terms of credit scoring, and how long it takes to recover from a mis-step. The bad news is that the effects of late mortgage payments are substantial. But for people with bad credit, mortgage lenders won’t be coming down on [...]

What does ‘credit rating’ mean? It is actually an assessment of the credit worthiness of individual citizens and corporations. Based on this assessment banks and financial institutions approve any credit facility to people and companies. The credit score is a statistical method which helps you to understand the possibilities of a party paying back the [...]

For much of the prior century, credit has been a problem – as much so as money itself – and recent years have seen a drastic increase in reliance upon credit, often to one’s chagrin, departing from many in want of credit repair services. Credit is perhaps one of the most important functional aspects of [...]

credit score can, in standard terms, be described as a numerical value representing one’s ability to pay their bills on time. The most commonly used credit scoring system in the United States was created by the Fair Isaac Corporation – a company committed to critical analysis of financial services and providing solutions to high risk [...]