Proposed Senate Bill Mandates Free Annual Credit Scores
A proposed bill in the United States Senate would mandate all consumers have access to free annual credit scores. The Stop Errors in Credit Use and Reporting (SECURE) Act is designed to reduce the...
View ArticleLowCards.com Weekly Credit Card Update–August 15, 2014
Debt Collectors, What are Their Legal Limits? Collectors call again and again in the middle of dinner. They call the wrong person. They threaten. They take advantage of the latest technology to...
View ArticleCitibank to Provide Free Credit Scores to Cardholders
Citibank will become the largest credit card issuer to provide free credit scores to their credit card customers. The bank will begin providing these scores on a monthly basis beginning in January. The...
View ArticleLowCards.com Weekly Credit Card Update–October 24, 2014
Staples Investigates Reports of Possible Credit Card Data Breach The world's biggest office-supply retailer is investigating reports of a possible data breach of Staples customers' credit cards after...
View ArticleLowCards.com Weekly Credit Card Update–January 2, 2015
Anonymous Hackers Release 13,000 Passwords and Credit Card Details of Amazon, PlayStation and Xbox Users A hacker group has released a cache of 13,000 passwords, usernames, and credit cards purporting...
View ArticleLowCards.com Weekly Credit Card Update–January 16, 2015
Obama Seeks Laws on Data Hacking, Student Privacy President Barack Obama wants Congress to pass legislation requiring companies to inform customers within 30 days if their data has been hacked, a move...
View ArticleFICO Plans Credit Scores for People without Credit History
Millions of Americans living without a credit score may soon have a new way to gain a foothold in the financial world. Credit scoring agency FICO has announced plans to include cellphone bills, cable...
View ArticleCredit Score vs. Credit Report – Which Is More Important?
Credit reports and credit scores can be a bit confusing, and that's not entirely by accident. In fact, the companies that issue credit scores purposely conceal the formulas that they use. So when it...
View ArticleYour Social Media Posts May Soon Affect Your Credit Score
There's a new reason to be careful when updating your Facebook status. As reported on Investors.com, talking about a weekend of debauchery might lower your credit score. The Fair Isaac Corporation (or...
View ArticleNew FICO Tool Shows How Financial Decisions Would Impact Your Credit Score
A new tool from FICO lets consumers test how different actions will impact their credit scores. Known as the FICO Score Simulator, this program allows users to input various financial activities, and...
View Article150 Million Consumers Now Have Access to Free FICO Scores
Thanks to the development of the FICO Score Open Access program, 150 million consumers now have access to free monthly FICO scores. The program allows financial institutions and credit card providers...
View ArticleMillennials Are Using Credit Cards
Popular opinion is that Millennials are debt-averse, but a new FICO study shows Millennials actually want and use credit cards. FICO’s latest research shows that 83% of Millennials (25 to 34 year olds)...
View ArticleLowCards.com Weekly Credit Card Update–June 24, 2016
Millions of U.S. Consumers Are Escaping Subprime The percentage of Americans with subprime credit scores has fallen to the lowest level in more than a decade, a development that could give bank lending...
View ArticleMillennials Lose Interest in Credit Unions as They Age
Millennials lose interest in credit unions as they get older, according to a new survey from FICO. 20% of Millennials age 18-24 said they use a credit union for their primary financial institution, but...
View ArticleDiscover Credit Scorecard Makes Kiplinger’s “Best”
Kiplinger named the Discover Credit Scorecard to its Personal Finance 2016 The Best List. The Discover Credit Scorecard, which was named one of the best Free Credit Sites, was launched in May to give...
View ArticleEthoca and FICO Partner to Limit Card-Not-Present Fraud Losses
Ethoca and FICO have partnered to make it easier for card issuers to maximize the recovery of card-not-present (CNP) fraud losses. CNP fraud not only costs card issuers financially, but the inefficient...
View ArticleLowCards.com Weekly Credit Card Update–March 31, 2017
Getting Credit Card Fees Lowered Is a Lot Easier Than You’d Think Your credit card company will probably be nicer to you if you just ask. Around 84% of customers who asked for an adjustment to an...
View ArticleLowCards.com Weekly Credit Card Update–July 28, 2017
Fed Holds Rates Steady, Giving Borrowers Some Breathing Room The Federal Reserve has left interest rates alone, giving borrowers a moment to breathe. But don’t get too comfortable. After increasing...
View ArticleWhich Credit Bureau Does My Credit Card Report To?
If you are in the market for a home or auto loan, you probably know that you want your credit score as high as possible so you can receive an optimal interest rate. But the lender could request a...
View ArticleLowCards.com Weekly Credit Card Update–December 21, 2017
Google Gaining On Amazon In e-Commerce Market While Retailers Left Behind Amazon remains the top online destination for U.S. shoppers seeking products, but Google and other search engines narrowed the...
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