The CFPB saw a 56 percent increase in the number of credit reporting complaints submitted by consumers between June 2015 (4,289 complaints) — and July 2015 (6,969 complaints).
American Express started providing the option to view your FICO score this month. AmEx cardholders will notice the option if they sign-in to the account online.
The national average FICO score is now 695 — the highest it has been in at least a decade, according to the newest analysis from Fair Isaac Corporation, the score’s creator.
About 7 million consumer accounts were affected by Citibank’s “deceptive” marketing, billing, and administration of debt protection and credit monitoring add-on products, the Bureau said.
Issues with debt collectors, mortgage servicers and credit reporting agencies made up the top three categories in the U.S. Consumer Financial Protection Bureau’s first monthly report on complaint volume. Consumer…
Consumer advocates, though, support the bureau’s plan, praising the potential for unveiling new or emerging objectionable practices.
Unlike a regular credit card purchase, interest on cash advances, or those “convenient checks,” usually starts accruing right after the transaction.
All consumers who suspect that their personnel data is at risk should consider the following steps as “standard operating procedure” during these times of cybersecurity breaches.
A sharp rise in revolving credit, mostly from credit-card debt, to an 11.57 percent annual rate, represents the second-biggest jump since the recession ended nearly six years ago.
New data from CoreLogic found that the risk of default among renters nationwide decreased year over year, according to the firm’s index value of 108 for the first quarter of 2015.