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Are Consumers being taken with the New 2...

Now the the New Reform bill has been passed I noticed creditreport.com offering 2010 free scores.   How nice of them?  This is a trick they are using to take advantage of consumers who are not educated to the details of the reform and who qualifies for it.  When you fill out the application for the free scores you are asked for your credit card information.  This means it is not...
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Credit Karma and free scores?...

www.creditkarma.com offers free credit scores to consumers no strings attached?  Well they do offer free credit scores anytime a consumer would like to see them.  The problem is they do not disclose what score it is and how it relates to your Fico score.  Since the Fico Score is used be bankers to decide consumers risk levels when applying for a loan it is extremely important for...
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New Financial Reform and Free Credit Sco...

The new Financial Reform bill was signed but it will not take effect for another year.  Free scores will be provided to consumers that have been denied funding or charged higher interest rates for loans, credit cards, and car leases.  It was unclear who would provide these scores but from what I read it seems the lender or financial institution charging higher rates, or denying...
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Are Debt Collectors suing consumers with...

Collection agencies, in New York, are in many cases putting judgments against consumers that are unwarranted and illegal.  As usual the consumer is the victim.  It seems there have been an enormous amount of consumers that have found garnishments against their income or accounts frozen without ever knowing they had a judgment against them in the first place. In other cases debt is...
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What does the National Score Index offer...

This score offers a view for consumers to see how their credit compares to others in the United Sates.It alos offers understanding of changes in consumer patterns with financial behavior locally, regional, state, and national levels. Experian says “Using its extensive consumer data and sophisticated analytic resources, Experian has created a reliable and intuitive score index....
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Who created the National Score Index?...

Experian created the National Score Index to give consumers a view of how the compare with othe consumers in the United...
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Do business credit cards show on persona...

The answer if NObusiness credit usually does not show on personal credit reports and this is a very good thing.  Some business owners charge $100,000 of debt on their credit cards and carry balances that are very close to the limits.  If these cards showed up on persoanl credit it could be the destrution of many personal credit scores.  This could have a very bad consequence for the...
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Is the Vantage Score higher than the Fic...

The Vantage Score can be 100-150 points higher than the Fico Score and it has a letter grade as well. The Vantage Score is sold online through the credit bureaus sites. Experian, Trans Union, and Equifax collaborated to have the score...
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Who Created The Vantage Score?...

The Vantage Score was created by all of the three credit bureaus.  They banned together and hand selected a third party group to create this scoring system. In 2006 the score was created and introduced but it was not until the past year that it has really been marketed to consumers.  Experian banned Fico from selling their information to consumers in Feb. 2009.  At that point the...
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What does the Vantage Score do different...

The Vantage Score is a bit more complex than the Fico Scores and uses current economic trends to evaluate the scores as well.  It breaks down different types of revolving credit and puts them in various categories.  For example:  instead of having overdraft on a checking account, home equity loans, and credit cards lumped into the same group (revolving credit) each one is viewed...
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