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Matters Pecuniary ... credit cards, banking, debt management, |
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Matters Pecuniary ... credit cards, banking, debt management, |
It happens all too often. A consumer pays down a large balance or receives a promise to have a bad debt or other negative mark removed from their credit report. The consumer, rightfully proud and excited, applies for credit almost…
It can be exciting to find out that you’ve received a credit card offer. Usually these letters, emails, or website notices state that you’ve been “preapproved”, “prequalified”, or “pre-selected”. But, these prequalification and preapproval messages do not always mean that…
Most people likely think that their credit history is only important when they’re applying for credit. But, your credit history can impact you in other ways, too. Employment Your indebtedness can affect an employer’s decision to hire you. The policies…
In 2021, Experian, Equifax, and TransUnion collectively received over 700,000 consumer complaints filed against them at the Consumer Financial Protection Bureau (CFPB). The three major credit bureaus, who are responsible for collecting and maintaining credit records, received more than half…
As the popularity of Buy Now, Pay Later (BNPL) continues to grow, the three major credit bureaus (Experian, Equifax, and TransUnion) want to see these accounts reported to consumers’ accounts so that lenders can see a more complete picture of…
If someone is considering extending credit to you, they may view your credit report to analyze your credit history and determine how much credit they’ll extend. Why do variations of the term “credit inquiry” matter? Anyone accessing your credit report…