credit bureau

‘My Lookalike Brother Used My Glasses To Fool SoFi’s Online Verification; He Loaned $52K Under My Name And Lost It All To A Crypto Scam’

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‘My Lookalike Brother Used My Glasses To Fool SoFi’s Online Verification; He Loaned K Under My Name And Lost It All To A Crypto Scam’

A unique case of identity theft has emerged, revealing how a determined scammer exploited an online bank’s verification process to steal a $52,000 loan, only to lose the entire sum to a cryptocurrency scam. ABC 7 News’s 7 On Your Side investigative team uncovered the details after receiving an anonymous package from Manila, Philippines. The … Read more

Mom Goes To Jail After Racking Up $30K Credit Card Debt In Daughter’s Name And Tanking Her Credit Score

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Mom Goes To Jail After Racking Up K Credit Card Debt In Daughter’s Name And Tanking Her Credit Score

How would you deal with a situation where your mother racked up $30,000 debt in your name without telling you and asked you to repay it for raising you? That happened with a young daughter last year before graduating from college. In a recent Reddit post, she shared her ordeal about finding out her mother’s … Read more

Poor Credit Scores Could Cost Brits An Extra £270,000 In Interest Payments Over A Lifetime

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Poor Credit Scores Could Cost Brits An Extra £270,000 In Interest Payments Over A Lifetime

A credit score determines your creditworthiness. When you apply for products like credit cards, loans, or mortgages, lenders check your credit score and profile to review your loan repayment history, credit utilisation, credit mix, and enquiries before determining your loan eligibility and terms. A poor credit score could lead to application rejection or approval with … Read more

How To Boost Your Credit Score Fast: Four Secrets Banks Don’t Want You To Know

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How To Boost Your Credit Score Fast: Four Secrets Banks Don’t Want You To Know

High interest rates and elevated inflation since the US Federal Reserve’s aggressive monetary tightening campaign have translated to more missed payments and rising debt levels. Moreover, last year’s average FICO credit score declined for the first time in a decade, as outstanding credit card balances transitioning to delinquencies have continued to increase since 2022. A … Read more

6 Reasons Why Your Credit Score Dropped Even If You Pay On Time

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Poor Credit Scores Could Cost Brits An Extra £270,000 In Interest Payments Over A Lifetime

Have you ever witnessed your credit score drop despite making timely credit card and loan repayments? Your credit score is determined by several factors apart from your repayment history. Your FICO credit score ranges from 300 to 850 and is checked by lenders when you apply for a loan, credit card, or mortgage. A score … Read more