The old formula to build better credit went something like this: apply for a few credit cards, use them for affordable purchases such as groceries, utilities or gas; and then pay them off completely when the statement arrives each month, to show the bank that you can manage your credit responsibly. In today’s world, that…
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A deceptive-practices lawsuit against Pressler & Pressler, New Jersey’s largest collections firm, is moving forward as a class action. U.S. District Judge Katharine Hayden in Newark certified a class of individuals who allege misrepresentations in a form letter they received from the debt-collecting firm. The form letter in question offered to settle and said once…
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Check Your Credit Report for Free Using AnnualCreditReport.com & Dispute Suspicious Activity A recent congressionally-mandated study of the U.S. credit reporting industry, by the Federal Trade Commission (FTC), found that five percent of consumers had errors on one of their three major credit reports. The results make it clear that consumers should check their reports…
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