FICO changes could lower the credit score of millions of Americans, raise others

FORT MYERS Another change is coming soon to how credit scores are calculated. The Fair Isaac Corporation (FICO) is a credit score reporting company that provides a score to judge your creditworthiness for lenders. The Wall Street Journal[1] is reporting the changes could affect the score of millions of Americans, making it harder to get loans. It’s anticipated the scores...

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FTC Encourages Consumers to Opt for Free Credit Monitoring, as part

The Federal Trade Commission is urging consumers affected by Equifax’s 2017 data breach to consider signing up for the free credit monitoring offered as part of the settlement. A new FTC blog post[1] notes that because of high interest in the alternative cash payment under the settlement, consumers who choose this option might end up getting far less than $125. The...

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Hackers steal credit card information from Checkers

Checkers Drive-in Restaurants, Inc., one of the largest drive-thru chains in the United States and the operator of Checkers and Rally’s restaurant, announced Wednesday, May 29, about a data security issue, which involves malware affecting certain Checkers and Rally’s locations. In a press release, Checkers explains, “Based on the investigation, we determined that malware was installed on certain point-of-sale systems at...

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