Financial News for People with Bad Credit

New UltraFICO™ Score Could Make Rebuilding Your Credit Easier

Posted on October 29, 2018 by | Meghan Alard (5-minute read)

Challenges with credit card debt can often lead to credit score damage, but the new UltraFICO™ score could help you rebuild faster after debt repayment.

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How Security Clearance Credit Check Rules Impact Many Military Service Members

Posted on August 27, 2018 by | April Lewis-Parks (4-minute read)

New security clearance credit check rules from the Department of Defense make it more critical than ever that Service Members actively monitor their credit.

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Are Store Credit Cards Bad?

Posted on June 18, 2018 by | April Lewis-Parks (4-minute read)

A new trend in increased credit card delinquencies on store credit cards reveals two good reasons why you might want to think twice before opening a in-store credit card. Consolidated Credit explains how to decide if store credit cards are a bad idea for your finances.

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Is There a Tie between Student Loans and Credit Health?

Posted on May 18, 2018 by | April Lewis-Parks (4-minute read)

Is there are correlation between student loans and credit health? A new FICO study suggests that although student loan borrowers don’t always have bad credit scores, having student loans may make overcoming financial challenges much harder.

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Do You Have the Right Credit Score to Buy a House?

Posted on November 3, 2017 by | Meghan Alard (3-minute read)

A new survey reveals how much credit is a barrier to first time homebuyers. But what's the right credit score to buy a house and how do you achieve it?

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The Dubious Return of Direct Deposit Advance

Posted on September 11, 2017 by | Meghan Alard (4-minute read)

Direct deposit advance could make a comeback, but with interest rates up to 300%, this “solution” could be just as bad for your finances as payday loans.

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Is There Deception Hidden in Your Auto Loan?

Posted on April 17, 2017 by | Meghan Alard (3-minute read)

A study predicts deception in auto loans may lead to increased default rates this year. Is your car loan hiding auto loan fraud committed by the dealer?

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Delinquent Cars and Credit Cards

Posted on February 20, 2017 by | Meghan Alard (3-minute read)

A new report shows an increase in the number of delinquent auto loans and credit cards. We explain what delinquent debt is and how you can overcome it.

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Upside Down Auto Industry

Posted on December 16, 2016 by | Meghan Alard (3-minute read)

A record number of car buyers are coming to the lot with upside down auto trade-ins, meaning they actually owe money on the old vehicle when they upgrade.

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Subprime Auto Loans Hit a Ditch

Posted on October 26, 2016 by | Meghan Alard (4-minute read)

Nearly five out of every 100 subprime borrowers is 60 days or more behind with their auto loans. We help borrowers create a strategy to help catch up.

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