Give Yourself Some Credit (Credit Reports, that is)

Your credit report has a summary of your credit history. For example, if you’ve been evicted and a landlord turns uncollected rent over to a collection agency, that might be on your credit report. Information in your credit report affects your credit score. That’s important because businesses — like insurance and phone companies — use … Continue reading Give Yourself Some Credit (Credit Reports, that is)

Debt collectors: Mind the “No Parking” Signs on Credit Reports

by Seena Gressin, Attorney, Division of Consumer & Business Education, FTC There’s a virtual “NO PARKING” sign planted smack in the middle of your credit report. It means that debt collectors can’t report your debt — or your supposed debt — to credit reporting agencies without first trying to check with you. That’s a key takeaway … Continue reading Debt collectors: Mind the “No Parking” Signs on Credit Reports

MyLife accused of posting misleading background reports

If you’re looking for a job, an apartment, or a loan, there’s a good chance that someone will be looking at you — closely. They may search for your name online or order a background report. They’re looking for red-flag warnings that another candidate may be a safer bet. According to a lawsuit announced today, MyLife.com, which … Continue reading MyLife accused of posting misleading background reports