Credit-reporting agencies Equifax and TransUnion will pay a total of more than $17.6 million in restitution to consumers, and fines totaling $5.5 million, for deceiving customers about the cost and usefulness of credit scores and other products they sold.
There are other much more subtle practices that could lower your credit score, and you may not even know it.
The average credit score for home buyers increased 5 points year-over-year between the third quarter of 2015 and third quarter of 2016, rising from 734 to 739, according to latest CoreLogic Housing Credit Index.
A new analysis from CoreLogic found that renters with student loan debt have higher average credit scores than those without.
One question that remains unanswered has to do with the impact of these fake accounts on the affected customers’ credit scores.
U.S. regulators say Wells Fargo, one of the nation’s largest banks, opened about 1.5 million bank accounts and applied for 565,000 credit cards that may not have been approved or…
The nation’s lowest-scoring borrowers — those with credit scores under 660 — are getting new credit cards at such an increasing rate that they are approaching pre-crisis levels.
It’s been nearly seven years since the foreclosure crisis peaked in 2010, and that means many former homeowners who lost their homes could be re-entering the housing market.
The survey found that 73 percent of those who checked their credit score seven or more times in a year said that this regular vigilance had a positive impact.
The “older the better” saying seems to apply to new mortgage applicants as Millennials have the lowest credit scores when compared with older cohorts.