Did you know that up to 35% of employers in the US have begun pulling potential applicants’ credit reports? In an effort to try and predict the potential employee’s job responsibility, especially in any sort of financial position, employers have taken to reviewing your credit reports during the job screening process, according to the Society [...]
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Continue ReadingWe’ve blogged in the past about the recent trend among debt collection scams, but here’s a case of fraud that hits a little closer to home. Two men who managed to trick hundreds of consumers into signing up for a debit card they didn’t even want have been caught and will have to shell out [...]
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Continue ReadingYou’ve seen us blogging about the idea for the past few weeks, and now it’s official: May is My Credit Group’s Save Your Credit, Save a Life month. Around December of last year, we committed to doing over 600 hours of volunteer work for 2011. After a couple of volunteer efforts, our paths crossed with [...]
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Continue ReadingI remember getting my first bike for Christmas when I was 6 or 7 and taking it out that morning and cruising around the neighborhood like a boss, feeling like the master of my domain. Probably the one thing I remember more about that day, though, is crashing and burning when my shoe lace got [...]
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Continue ReadingThis Week in Credit News: New Credit Card Regulations that May Benefit You These sweeping reforms offer protections to card holders that are meant to level the playing field. Late Payments on Credit Cards Improve in February These sweeping reforms offer protections to card holders that are meant to level the playing field. How to [...]
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Continue ReadingWhen you’ve got negative credit accounts popping up all over your credit report, you’re going to want to do all you can to repair your credit – especially if you believe the information reported is inaccurate. Luckily, the credit bureaus understand that not all of the information they report is always 100% truth, so they [...]
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Continue ReadingWhen you’re trying to repair your credit, knowing which credit cards can help you achieve your goal can make all the difference in the world. Normally, this is where we’d tell you that one of the best options available to you is to open a secured credit card with your bank. We’re not gonna stray [...]
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Continue ReadingHaving to declare bankruptcy sucks. No one wants to have that hanging over their head for 10 years on their credit report – it can make repairing your credit that much more difficult, and establishing new lines of credit almost impossible to achieve. Truthfully though, with all things considered, a bankruptcy on your credit report [...]
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Continue ReadingThis Week in Credit News: Square answers VeriFone’s accusations on security of mobile credit card reader “On Wednesday, VeriFone posted an open letter stating that Square’s mobile credit card reader — which pairs a mobile app with a small square-plastic card reader that plugs into the headphone jack of smart phones or Apple’s iPad and [...]
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Continue ReadingGet ready to start relying solely on cash and credit cards for any purchases above $50, at least if JPMorgan Chase has their way. According to sources, the banking giant is strongly considering putting either a $50 or $100 cap on all debit card transactions. This would essentially force all Chase customers to switch to [...]
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