Today on the Consumerism Commentary Podcast, Jay talks with John Ulzheimer about credit scores and managing your credit history.
They also discuss the deceptive marketing of pre-paid debit cards, how a FICO score is built and the unfortunate history of credit repair firms.
Table of contents
[00:00] Introduction from Jay Frosting
[00:34] Interview with John Ulzheimer
— [00:55] Credit scores are not used by employers; part of your credit report can be
— [03:09] Different situations call for different details on you
— [04:19] Data repositories vs. reporting agencies vs. brokers
— [06:37] The history and bad reputation of credit repair agencies
— [09:24] Today’s credit repair environment is much better
— [11:04] When and why to hire a credit repair firm
— [12:55] Creditworthiness can be affected by where you buy things
— [14:58] The buckets and the scorecards that make up a FICO score
— [17:17] Can your credit be affected by where you live?
— [20:28] Too many consumers learn the hard way about credit management
— [22:04] The problems with prepaid debit cards
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Theme music by Mindcube.
Updated April 13, 2016 and originally published June 24, 2012.