This week’s credit news American Dream Lives on, But Money’s Tight “Only 32% of Americans consider their own personal finances excellent or good, a nine point decline from last year and 23 points lower than 2007, before the economy tanked, according to a new poll from the Pew Charitable Trusts.” Gap’s ‘Hot Mess’ Sends Credit [...]
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Continue ReadingI thought we’d take a quick break from our regular credit repair posts to talk about something very near and dear to not just my heart, and I’m guessing the hearts of many other Americans, as well. I’m talking, of course, about gas prices. Living in SoCal, you’d think I’d be used to ridiculously high [...]
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Continue ReadingWell, I guess we can wrap it all up, folks. Last week, the Policy and Economic Research Council released a study that stated less than 1% of credit reports contain the types of errors that lead to a dramatic increase in credit scores once they’re removed. This sort of flies in the face of other [...]
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Continue ReadingThis Week in Credit News Federal Retreat on Bigger Loans Rattles Housing “By summer’s end, buyers and sellers in some of the country’s most upscale housing markets are slated to lose one their biggest benefactors: the deep pockets of the federal government. In this seaside community of pricey homes, the dread of yet another housing [...]
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Continue ReadingThis is a topic we touched on briefly once last year, but seeing as it continues to be a very real threat to consumers trying to keep their credit card debt in check, I thought it’d be best to cover it in greater detail here. What is credit card skimming? Card skimming is the latest [...]
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Continue ReadingThis Week’s Credit News Can Bad Credit Ruin Your Job Search? “According to a survey released by the Society for Human Resource Management in 2010, 13 percent of the companies surveyed check the credit reports of all candidates and 47 percent check some candidates.” Credit Report Errors Rare, Industry-Funded Study Says “Less than one percent [...]
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Continue ReadingAh, there’s nothing quite like getting your Federal and/or State tax refund. It’s like a late (or early) surprise birthday present from your favorite uncle Sam. And just think of how you’ll spend it all…. Now, far be it from me to tell you what to do with all that extra cash you’ve got coming [...]
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Continue ReadingHere’s a pretty startling statistic from FICO, the firm that assigns you your credit score; apparently, over 25% of the US population currently has a credit score lower than 599, meaning about 43 million Americans could use a little credit repair. For reference, a score of 599 is pretty bad. Actually strike that, it’s hella [...]
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Continue ReadingThere are quite a few myths out there that relate to consumers’ credit scores, making the prospect of credit repair seem about as promising as successfully navigating a minefield with no map. My Credit Group has seen and heard our share of these myths, and knows that having so much misinformation out there can make [...]
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Continue ReadingWell, here’s an interesting case of (potential) identity theft you don’t hear about very often (and My Credit Group has heard quite a few): Hackers stealing your personal information from a video game console. About a week ago, Sony shut down its PlayStation Network, the online service used to connect gamers in online play – [...]
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