Government Bureau Offers Free Consumer Financial Protection

Government Bureau Offers Free Consumer Financial Protection

Through the Consumer Financial Protection Bureau, a national watchdog organization, the federal government works to protect the rights of consumers and their use of credit.  Lenders, credit-reporting agencies, collectors and other users of credit information all must follow strict guidelines set forth and enforced by the bureau.  Many of the regulations the CFPB now monitors[…]

How The Credit Bureau Reports Credit History To Calculate Scores

How The Credit Bureau Reports Credit History To Calculate Scores

Every time you apply for credit, your past borrowing history is carefully examined.  Banks, finance companies, credit unions and credit card providers all make lending decisions based on calculated risk.  The credit history of a consumer provided by a major credit bureau is the best indicator to lenders of an applicant’s credit worthiness.  Credit reports[…]

How Credit Rating Agencies See You Based On US Credit Rating Scale

How Credit Rating Agencies See You Based On US Credit Rating Scale

Many people don’t realize that their consumer credit rating is so much more than just a number. It is the key to financial opportunities they might otherwise miss. Your credit rating tells lenders, employers, landlords, and insurance companies so much about you and your ability to manage finances. Understanding the elements that contribute to your[…]

How the Best Credit Unions Compare with Banks and Other Lenders

How the Best Credit Unions Compare with Banks and Other Lenders

How the Best Credit Unions Compare with Banks and Other Lenders Millions of Americans choose to borrow money from credit unions every day. While big banks certainly have their place in the credit and lending market, credit unions offer a variety of loan and credit card products, many times at much lower interest rates. While[…]