Credit Score Club

ID Theft ID’s?

One thing victims of identity theft may not want to see again in their lives is a photo ID since the theft of theirs may have led to weeks, months or even years of frustration. However, some victims are actually getting an additional ID that is designed to help them avoid future hassles when trying to obtain credit. And, more importantly, it can help them avoid being arrested for crimes they didn’t commit.

This new form of identification is the ID Theft Passport, which is currently available in 10 states, but is growing. This ID, which looks very much like a driver’s license, can be presented to both creditors and law enforcement. The i

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A large part of the financial aspect of your life is to know your FICO score. This assessment is important, especially if one accepts for loans and mortgages. There are many things that maybe a deterrent factor of your FICO score, as the errors of hand, or other date information, such opportunities are with, take your time, keep your credit information, all.

Your past that really matters when it comes to calculatingYour FICO score, because, like paying bills before the number of credit cards you have purchased, and how to manage debt is one. The best debt management given your current and past will give you a better credit rating, which may make it worse.

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To:  Matt
From:  Greg Fisher, creditscoring.com
Date:  April 29, 2010
Subject:  credit score, employers, Des Moines Register

You said: “Know your credit score. Many employers today take your credit score into consideration when determining if you are the right person for the job.”  However, the consumer reporting agencies do not provide credit scores for employment screening.

You are at the top of the news searches this morning.  The story about people saying employers use credit scores is getting boring.  But, identifying who provided that information:  Now that’s interesting.

Who is your source regarding credit score use by employers?

Many universities throughout the United States have quite the intimate relationship with major credit card issuers, according to an investigation by the aptly named Huffington Post Investigative Fund.

The publication obtained and scoured a number of “affinity agreements” between the credit card companies and universities, which must now be made public thanks to the new credit card rules.

However, getting your hands on them still seems to be quite a task (as expected), but what they found was definitely worth their time and energy.

Here are some of the key findings:

- Many universities are contractually obligated to share students’ personal info
– Some schools are paid $1 for each student who keeps a credit card open for 90 days
– Certain schools are paid $3 more per credit card when the student carries debt
– Some are paid 0.4% of all retail purchases made with the student credit cards

Based on their research, Bank of America appears to dominate the market, with roughly 700 schools believed to have affinity agreements with the banking giant.

In 2003, the University of Michigan agreed to $25.5 million for an 11-year contract with BofA, while Brown University accepted $2.3 million for seven years back in 2006.

And I’m sure the numbers are just going up – but the schools insist they need the money to pay for all the costs of running campus programs and balancing budgets.

Just seems a bit overboard when there’s an incentive for your students to carry a credit card balance…they should teach students about credit cards and other types of loans before agreeing to market them.

When you picture an identity thief in your head you may imagine a masked man lurking in a corner or staring over people’s shoulders at the ATM. However, it is doubtful you will think of a 31 year old woman working in a nursing home as a big threat. Unfortunately, that is part of the reason that identity thieves are so successful. They prey on people in ways, and in places, that they would not expect them to.

For example, Jean Wright was victimized inside a nursing home by her own occupational therapist. When Wright stayed in the home for a brief period of a few weeks while recovering from knee surgery she befriended Danielle McClain who helped her with her rehabilitation. D

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   Most people with bad credit that are looking for away to boost their credit scores often ask will getting a secured credit card improve credit score fast? The answer to that question is that yes a secured credit card will boost your credit score quickly but only when certain conditions are met!

Secured Credit Card Tip #1

The biggest thing about a new secured credit card is that you have to use it responsibly and like a tool to rebuild your credit and not a reason to go out and buy things you do not need. A

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