Many consumers still reeling under the pressure of low credit scores

Most Popular Credit Score News, Tips & Advice

• CFPB plans to enhance the process of credit reporting

  by Brian Anderson
  

  As per the stipulations of the FCRA (Fair Credit Reporting Act) every customers in the country can obtain one complimentary credit report every year from Experian, TransUnion or Equifax which are the three main credit bureaus in the country. One of the main drawbacks at the moment is that this credit report does not mention current credit score of consumers. Consumer Union’s senior policy counsel, Pamela Banks, says that the union strongly encourages the move for consumers to get at … (more) February 28, 2012

• Poll Reveals Concerns over Unemployment, Debts

  by Sally Maison
  

  Before Recession hit the country in 2007, credit score seemed to be no more than a term exclusively used in the lending industry. However, now, credit scores and debt levels have become a major concern for millions of Americans, especially for the unemployed. A recent poll reveals that this recession is causing more worries and stress over individuals who have suffered job loss. In a joint poll by New York Times and CBS, only 24 percent of Americans who are … (more) January 14, 2010