Category: Free Credit Checkers

FICO announced its new FICO Score 10 Suite[1] of scoring models Thursday, promising more accurate credit risk assessments and significantly reduced defaults. It may also have an impact on your ability to qualify for loans. The biggest change is in the use of trended data to help lenders get a more accurate picture of your ability as a consumer to...

CHICAGO, Feb. 11, 2020 (GLOBE NEWSWIRE) — More than half of U.S. consumers view their credit score at least monthly, with 87% receiving such updates at no cost. A recent study[1] from Javelin Strategy & Research commissioned by TransUnion (NYSE: TRU) found that the majority of these consumers review their credit data through free services provided by their banks or...

Consumers who fall into debt and look to catch up by taking out personal loans will most likely see their credit scores drop under the new credit scoring model FICO is putting into place. The good news is that some credit scores will rise as lenders will be able to reduce the number of credit defaults, according to a press...

At the Federal Trade Commission’s request, a federal court has temporarily halted and frozen the assets of Grand Teton Professionals, an alleged credit repair scheme that charged illegal upfront fees and falsely claimed to repair consumers’ credit. The company and other defendants are charged with violating the FTC Act and several provisions of the Credit Repair Organizations Act, the Telemarketing...