No one wants to worry about having their identity stolen, but the fact is that identity theft is an unfortunate reality. In 2021 alone, the Federal Trade Commission (FTC) received 1.4 million reports of identity theft . Once criminals have access to someone’s personally identifiable information (PII), they can use it to empty the victim’s …
When financial institutions extend loans or lines of credit to borrowers, they expect the borrower to repay the loan. However, if promises of full repayment begin to become unreliable, the creditor may turn to a collection agency to recover the loan, which can severely affect the borrower’s credit score and leave a stain on their …
Landlords may run credit checks on potential tenants to see how they handle money. Tenant screening may include rental history, income, and background checks. Many landlords will check a potential tenant’s credit report, rental history, criminal record, employment status, income, etc. The cost of tenant credit checks and screening reports is usually paid by the …
6 minutes to read Updated: February 16, 2024 Originally published: January 29, 2021. Here’s a guide to what to look for on your credit report. Learn what’s and isn’t included on your report — and how it affects your credit score. This article contains general information and is not intended to provide information specific to …
Late payments stay on your credit report for years and can only be deleted if they’re incorrect. Here’s how to remove erroneous late payments from your credit report. This article contains general information and is not intended to provide information that is specific to American Express products and services. Similar products and services offered by …
8 min read Updated: October 15, 2023 Originally published: December 15, 2021. Understanding the factors that influence your credit score can help you take steps to improve it over time. Here’s what you need to know about how your credit score is calculated. This article contains general information and is not intended to provide information …
5 minutes to read Updated on December 15, 2023 Originally published: January 29, 2021. A closed account will remain on your credit report for seven to ten years, depending on whether it is in good or bad standing. This article contains general information and is not intended to provide information specific to American Express products …
Reading time: 5 minutes Updated: February 16, 2024 First published: June 14, 2021 Your credit score depends on the unique scoring model used by credit bureaus and lenders. Learn more about the different types of credit scores. There are many different types of credit scores that are used for different purposes, and they all vary …
Your FICO score is a three-digit number based on the information in your credit report. Learn about your FICO score, its importance, and how it is calculated. This article contains general information and is not intended to provide information specific to American Express products and services. Similar products and services offered by different companies will …
Your credit report is compiled by three national agencies: Equifax, Experian and TransUnion. Learn all about it here. This article contains general information and is not intended to provide information specific to American Express products and services. Similar products and services offered by different companies will have different features and you should always read the …