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How to Tell If You Have a Credit Score

Credit Corp

This score is what creditors use to determine your ability to repay debt and assess your overall credit risk. FICO is the most common credit score, but some creditors may use other credit ratings, such as VantageScore. FICO is the most common credit score, but some creditors may use other credit ratings, such as VantageScore.

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Credit card debt has plunged

Collection Industry News

As of March, Americans collectively owed $807 billion across almost 506 million card accounts, according to analysis from LendingTree’s ValuePenguin. If you haven’t looked around for a better deal on your auto insurance, you may be overpaying by as much as $1,100 every year. Who’s dealing with the heaviest load?

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A giant US hospital chain says it’s leading the fight against medical debt. Not all patients agree

Collection Industry News

The non-profit hospital system says it has revamped its billing and collection practices and boosted the number of patients who qualify for charity care. But for many patients, the hospital groups moves fall short of taking full responsibility for the years of real-world hardships its billing and collection practices have caused.

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Who Are the Major Credit Reporting Agencies?

Credit Corp

Consumer data collection began with punch cards and quickly progressed to magnetic tape. Credit reporting agencies collect consumer datamostly related to financial matters such as accounts and payments. Tradelines include credit cards, bank accounts, mortgage lenders, and other creditors.

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