John Ulzheimer is a recognized expert on credit reporting, credit scoring and identity theft. He is a credit blogger for Credit Card Insider, CreditSesame, Mint, and the National Foundation for Credit Counseling. John is twice Fair Credit Reporting Act (FCRA) certified by the credit reporting industry’s trade association and has been an expert witness in over 140 cases involving credit issues. Formerly of FICO and Equifax, John is the only recognized credit expert who actually comes from the credit industry.
If you don’t know about the individual components that go into creating your credit score, this video will be a great place to start. Your FICO credit score is made up of 5 factors drawn from your credit reports: Payment History, Amounts Owed, Length of Credit History, New Credit, and Types of Credit in Use. […]
Having unpaid collection accounts can be a tricky financial situation. What’s the right move when you’re being hounded by a collection agency? Should you settle the debt or pay it in full? Unpaid collection accounts will also appear on your credit report, damaging your credit score. What’s the best way out of this situation? Learn what […]
Credit reporting is a bit complicated, and, despite some rumours to the contrary, credit reports and credit scores are two different things. Your credit reports are made up of the information that’s been reported about you by lenders you’ve had relationships with. The credit score, then, is like a numeric summary of your credit report, […]
Is there a right number of times to use your credit card per month? While this won’t affect your credit score, not using your credit card for extended periods of time could result in it being canceled. If the credit card issuer isn’t making money with you, they may want to end the relationship sooner […]
Big spenders need more than your average credit card. Instead of the $10,000 to $20,000 credit limits most people are used to, millionaires and billionaires need special credit cards designed to handle the load, with extremely high credit limits and often very high spending requirements and annual fees. The American Express Centurion Card, otherwise known […]
There are many ways to build credit, and one good option is the authorized user. Many credit cards allow you to add an authorized user to your account, and this will have some important impacts on both users’ credit reports. The activity of the card will show up on the credit report of each user: […]