Everyday Economics may receive compensation for purchases made through links on our website. CreditBuilderIQ has a relatively straightforward model to help people keep track of their credit score. We’ve seen…
Everyday Economics may receive compensation for purchases made though links on our website. The process of calculating credit scores has followed the same basic guidelines for the last 30+ years…
Secured credit cards are valuable financial tools, especially for individuals looking to start building or rebuilding their credit. Unlike traditional credit cards, secured cards require a cash deposit as collateral…
A collection account on your credit report can significantly lower your credit score and make it difficult to obtain new credit. Fortunately, there are a few things you can do…
Debt collectors run the spectrum of those who typically follow the law to a T, to those who don’t care about the law at all and want to force/trick you…
The Consumer Financial Protection Bureau (CFPB) is a federal agency dedicated to ensuring that consumers are treated fairly by banks, lenders, and other financial institutions. If you encounter issues with…
The Fair Credit Reporting Act (FCRA), enacted in 1970, is a critical piece of legislation designed to protect consumers’ rights in the United States. This federal law regulates the collection,…