The Fair Debt Collection Practices Act (FDCPA) was enacted in 1977 to curb the abusive practices of debt collectors. The law has been used in court many times and has had many interpretations over time.  The CFPB has been charged with enforcing the law and guiding debt collectors and consumers with regard to the Fair […] The post New Rules Implemented by The Consumer Financial Protection Bureau (CFPB) Clarify the Way Debt Collectors May Deal with Consumers appeared first on Credit Info Center Blog ..read more

If you’ve been laid off recently, the last thing you will want to worry about is how your credit report will be affected by this temporary situation.  There is good news and bad news for you.  First the good:  your credit score will not be directly affected by your lack of employment.  The bad:  your […] The post How Will Unemployment Affect My Credit? appeared first on Credit Info Center Blog ..read more

With 3 million people applying for unemployment benefits in the past week, you can be sure many of these people are worried about how they are going to be able to pay their bills.  As we all know, if you fail to make payments on loans, your credit score will be affected negatively. What can […] The post How to Avoid Having Your Credit Be Negatively Affected by Covid-19 appeared first on Credit Info Center Blog ..read more

Our world deals in credit. We pay for just about everything with cards rather than cash. When you pay for something with a card, that card is either linked to your bank account or to a credit account. A card linked to your bank account is called a debit card, while a card linked to […] The post What Does “Credit Repair” Mean? appeared first on Credit Info Center Blog ..read more

When you’re young, retirement seems like a stage of life that will never come. Because retirement seems so far off, many 20-somethings would rather spend their hard-earned cash in the present than stash it away in a retirement savings account. But life passes by quickly, as it always does, and by the time they hit […] The post 4 Ways to Save for Retirement appeared first on Credit Info Center Blog ..read more

If you’re ready to buy a home, you’ll need to do your homework on mortgage loans. There are a few basic types of loans, but you may qualify for other loans if you’re a veteran or have other special circumstances. Check out our guide below to learn more about each of the eight types of […] The post 8 Types of Mortgage Loans appeared first on Credit Info Center Blog ..read more

Errors are common on credit reports.  In 2013, an FTC report found that one in four consumers had errors on their credit reports. How do errors occur on your credit report?  There are a number of ways;  the credit history of someone with a similar name can find its way on to your report, in […] The post How to Write a Credit Dispute Letter appeared first on Credit Info Center Blog ..read more

Having a bad credit score can impact other areas of your life besides getting a mortgage or a credit card.  It can affect your insurance rates and your chances for employment.  If your credit could use a boost, here are some ways to do it. Before You Start Before we get started, there are a […] The post 4 Ways to Fix Bad Credit on Your Own appeared first on Credit Info Center Blog ..read more

Making it through college is hard enough without having to deal with student loans and debt. Luckily, we live in a world where student loans are easy to apply for and easy to get. In part, this is a beautiful thing, because it enables people who otherwise wouldn’t be able to afford a higher educational […] The post 5 Things You Should Know Before Getting a Student Loan appeared first on Credit Info Center Blog ..read more

Very few people have enough liquid cash on hand to pay for a car or other vehicle in full. That’s why there are car loans. As with most loans, car loans come in enough variety and with enough options that you’ll have to make a decision about which fit is the best one for you.  […] The post Pros and Cons of Auto Loans appeared first on Credit Info Center Blog ..read more