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Category Archives: Credit Scoring

Citi’s head of racial equity talks about how the financial giant is fixing ‘credit invisibility’

By Sam Becker September 10, 2022     Tens of millions of Americans live outside of the mainstream financial system, and as many as 11%—or an estimated 50 million, as of 2022—can be classified as “credit invisible.” That means that they have no or little credit history; and as a result, could be denied access … Continue reading Citi’s head of racial equity talks about how the financial giant is fixing ‘credit invisibility’

Credit Karma might owe you money over fake ‘pre-approved’ card offers: Here’s how to find out

By Clint Rainey September 07, 2022   The Federal Trade Commission (FTC) is ordering Credit Karma, the free personal-credit monitoring site, to pay $3 million to users who received “false ‘pre-approved’ credit card offers” that ended up hurting their credit scores. The agency filed a complaint alleging that from February 2018 to April 2021, Credit … Continue reading Credit Karma might owe you money over fake ‘pre-approved’ card offers: Here’s how to find out

Debit Vs. Credit Card Spending Rose During Holidays For COVID Lockdown Categories

Debit Vs. Credit Card Spending Rose During Holidays For COVID Lockdown Categories by Laurie Sullivan , Staff Writer @lauriesullivan, January 28, 2022 Despite supply-chain slowdowns and record out-of-stock warnings during the 2021 holiday season, U.S. consumer spending on credit and debit cards from the week of Thanksgiving through the week of Christmas for 2021 rose 22%, … Continue reading Debit Vs. Credit Card Spending Rose During Holidays For COVID Lockdown Categories

Can You Qualify for Credit After a Bankruptcy or Consumer Proposal?

Steven Tulman — January 3, 2020 Follow @StevenTulman Many people think that once they file for bankruptcy or a consumer proposal they will never be able to get credit cards or a mortgage again or that they will have to wait several years before they can apply for and qualify for credit products again. Not … Continue reading Can You Qualify for Credit After a Bankruptcy or Consumer Proposal?