Rebuild Your Credit and Buy a House

When looking to buy a house, there are plenty of things to consider in terms of making the right investment, such as the condition of the building, adjacent property, demographics, and plenty more attributes and aspects that factor into long-term prospects. You certainly don’t want to buy something only to find out later that you’ll bought into a money pit, or you just don’t like the smoke factory that was built nearby right after you purchased your very own home. However, while these are all important things to consider, perhaps the most fundamental thing that you should look at has nothing to do with the property itself but rather your own financial history. [Read more]

There’s No Such Thing As A Free Credit Report

It is a basic law of economics: there’s no such thing as a free lunch. Turns out, the same is true for most websites that promise trusting and unsuspecting users a “free” credit report. Too often, those sites are merely a lure, intended to get people to paying money out of their credit card account on a monthly basis. Once again, before you sign up for any “free” offer, make sure to read the fine print. [Read more]

Credit Card Fraud Increases In California

Law enforcement officers say there’s a rise in high-tech crime this year throughout southern California. Criminals are using illegal electronic devices to steal credit and debit card users’ personal information. Armed with this illegal information, the crooks are able to extract money from credit and debit card customers’ accounts. [Read more]

Democratic VP Worries Credit Card Industry

The upcoming presidential election is giving the credit card industry cause for concern. Industry thinkers are worried about the impact of democratic presidential candidate Barack Obama’s union with Delaware Sen. Joe Biden.

Over the course of his political career, Barack Obama has been a vocal antagonist of the credit card industry. During a June meeting, the candidate has been quoted as saying, “for too long, credit card companies have been using unfair and deceptive practices to trick Americans into signing agreements they can’t afford.” If Obama becomes president, he is likely to push for increased government regulation over the activities of credit card companies. [Read more]

Michigan Insurers Can’t Use Credit Scores To Determine Rates

The Michigan Court of Appeals made a decision today, prohibiting Michigan home, auto, and casualty insurance providers from using policyholders’ FICO credit scores to determine their rates. The Court of Appeals had overruled a decision made by a lower-level Michigan court in 2005. [Read more]

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