Credit Reporting

Credit Reporting and Credit Scoring

It sounds like you are doing a lot right with your information security and fraud prevention.  Continue the vigilance!  We can never let down our guard.  Here’s useful identity theft prevention information from the Indiana Attorney General. Earlier I mentioned the 2017 Equifax Data Breach.  Here’s an excerpt from Dave Ramsey’s rant about it (at…

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ID Theft and Consumer Reports

According to the Federal Trade Commission (FTC), if you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a 2017 data breach at Equifax, one of the nation’s three major credit reporting agencies. In January, the FTC released Updated information…

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Capital One Data Breach

Wall Street Journal July 29, 2019 Capital One Financial Corp. , the fifth-largest U.S. credit-card issuer, said Monday that a hacker accessed the personal information of approximately 106 million card customers and applicants, one of the largest-ever data breaches of a large bank. <https://www.wsj.com/articles/capital-one-reports-data-breach-11564443355> Fox News July 29, 2019  Authorities claim a Seattle software engineer…

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Equifax Data Breach

According to the Federal Trade Commission (FTC), if you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies. Information included people’s names, Social Security numbers, birth…

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Credit Reporting and Scoring: Part 1

Lenders use credit reports and/or scores to make the decision whether to lend and, if so, at what rates.  Today, prospective landlords, insurance companies, and even employers may make decisions about us based on this information. Fair or unfair, right or wrong, that’s the way it is for now. I remember when I first checked…

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