The recently signed Credit Card Accountability Responsibility Disclosure Act of 2009, also called the Credit Cardholder’ Bill of Rights, makes many changes to the way credit cards are regulated.read more
We’ve recommended that students get credit early and use it wisely to establish a healthy credit record.
Unfortunately, that’s easier said than done. There’s a reason laws like the Credit CARD Act of 2009 get passed: students averaged over $3500 in credit card debt, with 85% of cardholders carrying a balance from month to month and paying hefty fees and interest.read more
When was the last time you checked your credit score? Your credit score describes how well you can manage debt and is used by banks to rate how risky you are to loan money to. An excellent credit score can save you thousands of dollars of interest over time while a poor credit score can…read more
Many collection agencies cast a wide net when trying to collect on old debts. You may get a letter that was intended for someone else, perhaps someone with a similar name. It’s important to deal with this issue promptly.read more
When it comes to your credit report, you have the right to add a personal statement. This statement can be up to 100 words long and gives you the opportunity to explain information in your file.read more
Here at Springboard, a former client was excited to tell us that her credit score was 723. That’s a respectable score, and much higher than she expected given her credit history. Another consumer who had recently been the victim of identity theft checked her credit and was ecstatic to learn that her score was right at 800, which is as high a score as anyone needs.
Unfortunately, they had both been misled. Their scores weren’t nearly as good as they thought.read more
Parents across the country are having the talk with their young adult as he or she heads out the door to college. This year, however, the talk isn’t about sex, drugs and rock and roll. Instead, it’s about whether or not the student should apply for a credit card before the new regulations go into…read more
Two important sections of your credit report are the “Public Records” and “Inquiries” sections. Knowing what personal and public information that is on your report is an important factor to taking control of your finances. It is also important to know what companies have requested a copy of your report.
The third step in this series is to review all of the information contained within the public record section of your annual credit report. Public information and inquiries are usually the last sections to appear in your credit report, though each credit report company does things a bit differently.read more
Personal information may be the first thing to appear in your credit report, though each credit report company does things a bit differently.
While this personal information has no direct impact on your credit score, it’s very important that everything reported here be accurate and up to date. The credit bureaus use this information to verify your identity, and if anything here is incorrect or outdated, your security may be compromised.read more