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
We always welcome feedback from listeners. If you have any comments for this episode or for any other, or if you have suggestions for future episodes, please leave us comments here or email us at podcast at this domain name.
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Updated April 13, 2016 and originally published June 24, 2012. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.