In partnership with Experian and fintech company Finicity, FICO recently announced a new credit scoring model called the UltraFICO Score. This new score will give customers the choice to include data from their bank accounts as well. This marks the first time the credit scoring pioneer has included consumer-contributed data in its credit scoring calculations. This makes it possible for people who can’t […]

Woman researches whether you can remove student loans from your credit report

11.5% of students with loans default on them (Department of Education). Defaulting on student loan debt is never ideal, but sometimes it’s outside of your control. It’s certainly not rare. Approximately 11.5% of borrowers with student debt default on their loans. If you make a mistake or can’t make payments because of something outside of […]

How many credit reporting bureaus

When thinking about credit bureaus in the United States, most people think of the three major ones – Equifax, Experian, and TransUnion. However, there are many more credit reporting agencies out there. There’s actually a fourth national one called Innovis, as well as other smaller bureaus that help lenders determine eligibility for various loan products. […]

What is your Innovis credit report?

With so much in the news about identity theft and personal data being hacked, it can be scary to think of what could happen with our sensitive information. Since the huge data breach at one of the major reporting bureaus Equifax, many have recommended that consumers should freeze their credit reports to help protect themselves from […]

Uber data breach

Hackers accessed the information of 57 million Uber customers and drivers in 2016, according to a new report by Bloomberg. Leaked information included names, email addresses, and phone numbers, as well as drivers license numbers for hundreds of thousands of drivers. Instead of contacting the affected parties and reporting the incident to regulators, however, the […]

Equifax announced today that criminals gained “unauthorized access” to the personal data of 143 million U.S. consumers and an undisclosed number of UK and Canadian residents. 143 million Number of U.S. consumers affected by the security breach Here is a step-by-step guide to checking whether you were impacted by Equifax’s security breach. Equifax is offering […]


How to Lower Your Credit Utilization Ratio

You have decided to take the bull by the horns and keep better track of your finances, and that includes tracking your credit score. You know you are good at paying on time at least the minimum amount due on your credit cards and other revolving debt, but your tracking indicates you have a high […]

Five credit score myths you can stop believing

5 Credit Score Myths You Can Stop Believing

Your credit score can be something of an enigma. Credit scoring companies like FICO and VantageScore share approximations of how your credit score is calculated. But there are so many factors it can be hard to predict exactly how your actions affect your score. What’s more, there can be confusion about who can get access […]

can paying off your car improve your credit score

There are lots of reasons for paying off a car loan early. Once you’ve paid off your debt, you’ll own your own car! You’ll be free of your obligation to the lender, and you’ll pocket hundreds of extra dollars every month. And successfully paying off your auto loan will boost your credit score. Or will […]

effect of late payments on credit score

Your payment history is the single most important factor in your credit score. Missing a payment, even by accident, can leave a negative mark on your credit report for seven years. Late payments may not hurt your credit if you respond quickly enough, however. Knowing how your credit card company reports late payments and how […]