Why your email account is valuable to hackers

Identity is a funny thing. I used to think I knew exactly what it was made of—Social Security number,...

Home Equity Line of Credit (HELOC): Facts to Know.

The first thing to know about a HELOC is that it’s not the same as a Home Equity Loan....

Can a home warranty save you money?

Before talking about the pros, cons and potential money savings a home warranty can offer, it’s a good idea...

The Fair Credit Reporting Act and Credit Reporting Agencies

The Fair Credit Reporting Act (FCRA) is a complex piece of legislation designed to promote the accuracy, fairness, and...

Protecting Your Credit When Disaster Strikes

In the wake of natural disasters such as Hurricane Matthew, you may be struggling to get your life back...
Identity Theft
Why your email account is valuable to hackers
Financing & Loans
Home Equity Line of Credit (HELOC): Facts to Know.
Personal Finance
Can a home warranty save you money?
FICO Scores & Credit Reports, Identity Theft
The Fair Credit Reporting Act and Credit Reporting Agencies
Credit News & Current Events
Protecting Your Credit When Disaster Strikes
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FICO Scores & Credit Reports

Welcome to the myFICO Blog

We're your source of knowledge for all things credit (and a few other things too). Learn about your FICO Scores and credit reports, plus get expert credit card and loan tips, personal finance advice and more.

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Recent posts

Identity Theft

Why your phone number is valuable to hackers

Last time we met, I explained why your email account is valuable to hackers—what value it has and how it could be used to gain access to more of your coveted personally identifiable information (PII) than you might think. But it’s not just your email that hackers want; they want your phone number, too.

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Financing & Loans

Home Equity Line of Credit (HELOC): Facts to Know.

The first thing to know about a HELOC is that it’s not the same as a Home Equity Loan. This is important because many people confuse the two and, in certain aspects, they’re at opposite ends of the lending spectrum.

A Home Equity Loan is similar to your primary mortgage in the sense that it’s set for a specific loan amount to be repaid with fixed monthly payments. (This type of loan is sometimes called a “second mortgage”.) Typically, Home Equity Loan interest rates are fixed and fully amortized.

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Personal Finance

Can a home warranty save you money?

Before talking about the pros, cons and potential money savings a home warranty can offer, it’s a good idea to know what a home warranty actually is.

A home warranty is a contract (usually a one-year term) that helps cover the cost for the repair or replacement of many home systems and appliances. There’s quite a variety of home warranties available today, which is why researching different companies and learning about what they offer is an important part of the home warranty selection process.

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FICO Scores & Credit Reports, Identity Theft

The Fair Credit Reporting Act and Credit Reporting Agencies

The Fair Credit Reporting Act (FCRA) is a complex piece of legislation designed to promote the accuracy, fairness, and privacy of consumer information contained within the files of credit reporting agencies. You can see the FCRA in totality on the Federal Trade Commission’s website, however, there are a lot of terms, definitions, and rules that can confuse those of us who are not experts in the field.

So let’s make the Fair Credit Reporting Act a little bit easier to understand…

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Credit News & Current Events

Protecting Your Credit When Disaster Strikes

In the wake of natural disasters such as Hurricane Matthew, you may be struggling to get your life back to normal. Among the many concerns you may be wondering:

  • How do I get access to money?
  • What will happen if I miss payments on my credit cards and loans?
  • And how might the decisions I make affect my credit rating and access to credit in the future?

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Personal Finance

Certificates of Deposit offer higher yields and greater safety. Is that a good thing?

Certificates of deposits (CDs) are investments, sold by banks that are typically bought with cash an investor won’t need for a long period of time. Why? The money must remain invested for the full investment period (referred to as the “term” of the CD) in order for the bank to pay a slightly higher interest rate than what would have been earned if the money was kept in a money market or checking account. This is the “higher yield” feature of a CD.

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Student loan basics – from taking one out to paying it back.

Student loans. We’ve been hearing about them everywhere. From newscasts to talk shows to political debates, everyone’s talking about student loans – or more precisely – student loan debt.