Identity theft occurs when a criminal steals someone’s personal information to impersonate them. Most identity thieves use that information for financial gain — for example, withdrawing money from your bank account or using your credit card to make purchases. Others have more elaborate schemes. Some even try to open insurance policies, buy homes, or get […]
Few things in life impact your financial health more than your credit score. Even someone with a great job and plenty of money in the bank could find themselves denied for a loan or a lease application if they have a poor credit score. This raises an important question. How long will it take to improve […]
How common are money transfer scams in the U.S.? In 2018, there were more than 1.4 million fraud reports filed with the Consumer Sentinel Network. 25% of those reports involved a loss of money which collectively totaled $1.48 billion. This is up $406 million from the 2017 report. With money lost to fraud on the rise in […]
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 […]
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 […]
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. […]
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 […]
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 […]
We’ve all made mistakes, and that includes mistakes with credit. But while some elements of fixing your credit score require time and patience, there are other things you can do that can make a difference more quickly. How to increase your credit score in 30 days There’s no way to boost your credit score overnight. But […]
As cyber thieves become savvier, identity theft continues to rise. According to the 2017 Identity Fraud Study conducted by Javelin Strategy & Research, 2016 was the worst year ever for identity theft. $16 billion amount stolen by cyber thieves from 15.4 million U.S. consumers in 2016 Their study found that cyber thieves stole $16 billion […]
Copyright 2021 SuperMoney, LLC. All rights reserved.
SuperMoney is not responsible for third party products, services, sites, recommendations, endorsements, reviews, etc. All products, logos, and company names are trademarks™ or registered® trademarks of their respective holders. Their use does not signify or suggest the endorsement, affiliation, or sponsorship, of or by SuperMoney or them of us.
This content is not provided by any financial institution. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any financial institution.
SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). SuperMoney strives to provide a wide array of offers for our users, but our offers do not represent all financial services companies or products.
We endeavor to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.
