The Pinch app is a rent payment program which can help strengthen your credit score by having rent payments recorded on your credit report as an installment loan (similar to a car or mortgage loan). Simply pay your rent payments as... Read More →
Category - Consumer Credit
Congress Passes Bipartisan Legislation to Require Free Credit Freezes
A few hours ago, the House passed a bipartisan bill which includes the provision that credit bureaus be required to freeze and unfreeze your credit report free, CNN reports. Thirty-three Democrats voted along with the Republicans to... Read More →
Wells Fargo Now Offers FICO 9 to Deposit Account Holders
Wells Fargo first introduced free FICO scores to holders of consumer (personal) credit products who used the Wells Fargo Mobile app in March 2016, giving you the FICO score they used to manage your account. For consumer (personal)... Read More →
All You Need to Know about Credit Reporting on Business Cards
In this post, we’ll discuss how business credit cards affect your credit report, and how banks will report the details of a business credit card on your credit report. Background When applying for a new credit card, the bank will... Read More →
Did You Receive A $100 Check From American Express? Yes, It’s Legitimate
The Letter Quite a few readers let me know that they had received a letter that had a $100 check enclosed and the following letter: We are writing to let you know that a previous application(s) you submitted may have been declined in... Read More →
Complete Guide To ITIN’s: Applying For Credit Cards, Credit Reports & Credit Scores
What Is An ITIN? A reader recently asked me what credit cards they could apply for using an ITIN. For those not familiar ITIN stands for Individual Taxpayer Identification Number, these numbers are given to foreign employers by the IRS... Read More →
Have You Received An Automated Call From A Financial Institution? You Might Be Eligible For A Settlement
There are three class action settlements involving financial institutions and automated calls at the moment. If you’ve received an automated call from one of these financial institutions within the specified time frame then... Read More →
Grace Periods Explained
A grace period is usually the amount of time after a loan is due payment can be made without any penalty being applied. It can also be the interest free period. The definition of a grace period really depends on the situation it is used... Read More →