Credit Scores

31
May
Pinch Rent Review: How Does It Work?

Despite the fact that many young Americans pay rent, on time and in full, on a regular basis, none of these diligent payments are reported to the big three credit reporting agencies. Why? Because often rent is paid via check, transfer, or cash to your landlord. Landlords typically haven’t reported any of this information to […]

Posted in: Credit Scores,
15
May
Chase Sapphire Reserve Credit Score: What You Should Know

The Chase Sapphire Reserve credit card is a high-end travel and dining rewards card that has a hefty $450 annual fee. The card has some of the best benefits available in the credit card world, however, the Sapphire Reserve card is also one of the most popular—even with that heavy fee. It offers 3 points per dollar spent on travel and [&helli

Posted in: Credit Cards, Credit Scores,
02
May
How Accurate is Discover’s FICO Score?

Discover offers consumers a Credit Scorecard, which is a free service that includes a FICO score. Discover and a majority of other lenders use FICO scores in lending decisions. And a consumer, it’s understandable to want to see the same information that lenders see when checking your credit. However, there are different types of credit […]

Posted in: Credit Scores,
28
Apr
Over a Million Minors Were Victims of Identity Fraud in 2017

A jury summons or a debt collector call might not be all that remarkable – unless it’s for your child. If that happens, it’s a sign they might be a victim of identity theft. In 2017, over 1 million children (1.48 percent of minors) were victims of fraud or identity theft according to Javelin Strategy & […]

Posted in: Credit Scores, Financial News,
07
Mar
How to Build Credit With an Authorized Credit Card Account

Whether you are a young adult, a new U.S. citizen without a credit history, or even someone simply trying to rebuild a credit history, the process of building up your credit score can be long and difficult. You need credit to build a credit history. One way to begin trying to build credit is being an authorized […]

Posted in: Credit Cards, Credit Scores,
02
Mar
Which Credit Reporting Agencies Banks Use to Pull Your Credit Report

There are three main credit reporting agencies (CRA) operating within the United States. Each one is a for-profit company responsible for recording and compiling your credit history. A business that has a legitimate reason to request a credit check can contact one or more of the big three CRAs to pull your credit report. Some […]

Posted in: Credit Scores,
27
Feb
How to Start Building Credit at 18

Building a solid credit history is essential for anyone who hopes to be able to own property, obtain favorable loan rates, and have more employment options. For young adults, the conundrum has always been that you need credit in order to build good credit, and it is not always available when you’re first starting out. Understanding Credit Can […]

Posted in: Credit Scores,
19
Feb
Credit Karma vs. FICO Score

Until recently, when someone talked about a credit score they meant a FICO credit score. Credit scores are numerical gauges of consumer financial history, stability, and ability to handle credit and loans. For a while, FICO credit scores served as the default credit rating in the marketplace. Although other financial institutions had their own credit […]

Posted in: Credit Scores,
08
Feb
A State-By-State Review of CFPB “Credit Reporting” Complaints In 2017

If you have ever browsed the LendEDU blog, you know we love digging into the Consumer Financial Protection Bureau’s (CFPB) Consumer Complaint Database in order to tell a story and reveal eye-opening trends. The CFPB’s complaint database is one of the most powerful tools that we have at our disposal. Hundreds of thousands of consumer-submitted complaints [&

Posted in: Credit Scores, Reports,
06
Feb
Ranking Delaware Towns and Cities By Credit Score

Although small in stature, as the only state larger only than Rhode Island, Delaware does not lack historical or present-day significance.  Dubbed “The First State” after becoming the initial state to ratify the U.S. Constitution in 1787, Delaware’s location has allowed for economic growth and prosperity. Smack dab in the middle of the Northeast

Posted in: Credit Scores, Reports,