FICO Discloses Effect of Credit Mistakes on Score reports A New Horizon Credit Counseling

Fort Lauderdale, FL (PRWEB) (A New Horizon) December 10, 2009 — For the first time, and with unusual candor, FICO revealed “damage point” data and how exactly credit mistakes affect credit scores. FICO is the company that established credit scoring assigning a [...]

New Credit Card Bill of Rights Has Some Side Effects

At 3pm Eastern today President Obama is expected to sign the credit card “bill of rights,” which is intended to protect cardholders from excessive fees and last-minute contract changes.
But what does this legislation mean for the average credit customer?
Most experts are saying that this new “bill of rights” will prompt banks to severely restrict available [...]