Source: Wit Olszewski – Shutterstock Velo Labs, based on the Stellar Lumen network, records its first live transaction on the Federated Credit Exchange Network (FCX). The move marks an important step in making this new type of service available to the masses. The Velo Labs team announced that two of the company’s partners have completed …

In an example cited in the complaint, a consumer applying for a mortgage was told that a medical debt of $ 1,500 on his credit report by Midwest Recovery had lowered his credit rating, jeopardizing his credit approval. ready. The borrower contacted the hospital and learned that he only owed a co-payment of $ 80, …

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Imagine a network where partners – from traditional finance, CeFi and DeFi sectors – are all created equal. This network has no central nodes and all data is sent from node to node via the shortest and most efficient route available. In this network, all participants agree on a set of fundamental ideas – be …

A reader recently wrote asking about credit scores. She wanted to understand why the credit rating she received from the credit bureaus was different from the rating used by her bank. Here is his question: Question: I like to read your blog. I have a question about credit scores. I checked my credit scores with …

In all the little details of parenting, one thing you might not have had to ask is how do i check my child’s credit report? After all, why would you do it? They’ve never used a credit card before, have they? It may be true. But that doesn’t mean someone other did not use your …

We recently talked in this column about removing negative items from your credit report. I told you then that it is generally not possible to remove accurate and timely negative information from your report. But does that include difficult investigations? While not technically a negative (you haven’t done anything wrong), they indicate potential increased risk …

Dear Liz: I did everything to increase my credit scores, which were horrendous. I see medical bills on my credit reports that look identical. Should I try to challenge them or just let them go? I’ve heard that if you try to dispute them, it allows the creditor to start the clock over to pay …

Accessible credit report for faster loan processing and assessment Securing loan applications – whether for a personal, emergency or even a motorcycle loan can be a problem for most borrowers as the pandemic is permanently affecting business operations and workforce , including those in the financial sector. As businesses resort to a skeletal workforce and …

If your credit score isn’t where you want it to be, you probably already know that it’s the negative things on your credit report that are causing your score to drop the most. These items will eventually fall off, but what’s the best way to do it and is there a way to speed up …