Why Did I Get IRS Form 1099-C From My Credit Card Issuer?
Why Did I Get IRS Form 1099-C From My Credit Card Issuer? Credit Cards by John Ulzheimer Share Share Email I received my first 1099 for tax year 2012 last week. And while the weather suggests “It’s beginning to look a lot like Christmas” it’s also a reminder that we’re only 3 months away from […]
Per CFPB, If You Furnish Information To The Credit Bureaus You Better Perform An Adequate Investigation When Disputes Are Filed
Per CFPB, If You Furnish Information To The Credit Bureaus You Better Perform An Adequate Investigation When Disputes Are Filed Auto Loans by John Ulzheimer Share Share Email Today the CFPB (Consumer Financial Protection Bureau) put companies that provide information to the credit bureaus (“data furnishers”) on notice that when the receive a dispute from […]
How Do I Calculate My Credit Card Usage Percentage?
How Do I Calculate My Credit Card Usage Percentage? Credit Cards by John Ulzheimer Share Share Email It’s one of the most important components in your credit score, and one of the most misunderstood. It’s “revolving utilization”, also commonly referred to as the credit card usage percentage or the balance to limit percentage. They’re all […]
When to Get Free vs. Paid Credit Monitoring
When to Get Free vs. Paid Credit Monitoring Credit Monitoring by Maria Shahid Share Share Email Credit monitoring is essential to your financial health. Regularly checking your credit report along with your credit rating provides you vital information about your financial wellness, and can serve as an early warning of possible problems such as missed […]
Credit Inquiries and New Accounts 101…A Refresher
Credit Inquiries and New Accounts 101…A Refresher Auto Loans by John Ulzheimer Share Share Email There are several reasons you apply for credit: 1) to take advantage of a special offer for a credit card; 2) to purchase a home, auto, boat, etc and 3) because you need additional credit to pay your bills. Most […]
Banks vs. Credit Union – Which Is Right for You?
Banks vs. Credit Union – Which Is Right for You? Credit Report by Maria Shahid Share Share Email Banks and credit unions provide many of the same services. Both offer federal deposit insurance, so up to $250,000 per deposit or, per institution is protected. However, it is the differences between these two types of financial […]
CFPB to Publish Findings of Credit Score Study By End of September
CFPB to Publish Findings of Credit Score Study By End of September Credit Monitoring by John Ulzheimer Share Share Email The Consumer Financial Protection Bureau (hereafter “CFPB”) will be publishing the results of a study on credit scores some time in September 2012. The CFPB performed a smaller study earlier in 2012 and concluded that […]
Will Credit Monitoring Hurt My Credit Score?
Will Credit Monitoring Hurt My Credit Score? Credit Monitoring by David B. Coulter Share Share Email One of the most common questions that come up when it comes to credit monitoring is, “will credit monitoring hurt my credit score?” There are many myths that credit monitoring platforms can hurt your score in a way that […]
What Happens to My Credit When I Move Outside The United States?
What Happens to My Credit When I Move Outside The United States? Auto Loans by John Ulzheimer Share Share Email “John, my husband has taken a new job overseas and I think we’ll be there for at least 3 years. We’re both 32 years and have about 10 years of credit experience under our belts. […]
Why Is My Credit Score Low?
Why Is My Credit Score Low? Credit for Beginners by David B. Coulter Share Share Email Disappointment aside, it is better to ask why your credit score is low than to not know your credit score at all. Surprisingly, 54% of Generation Z don’t even know their score. Yes, a low score can affect your […]