You are here: Useful Consumer News Drew's News

Drew's News

What Do You Need to Know About the New Vantage Score 3.0?

First created in 2006 by the big three credit bureaus - Experian, Equifax, and TransUnion - the Vantage Score has been redesigned with a new credit scoring model.

This new model has the potential to help people with no recent or little recent credit history. For these persons, the credit model will look at rent, utility, and cell phone payments, if they have been reported.


Have You Checked Your Credit Report Lately?

If not, you should. A new FTC report finds that 1 in 5 consumers may have an error on at least one of their 3 credit reports that could affect your credit score. Consumers typically have a credit report at each of the big credit reporting agencies (CRAs): Equifax, Experian, and TransUnion. You should check each one at least once a year. You can receive a free report from each CRA once a year through By staggering each of your free reports throughout the year, you can check your report every four months for errors or possible fraudulent activity.


Do You Have Good Savings Habits?

According to the sixth annual national survey assessing household saving, only about 50% of Americans have good savings habits. The survey results, released during America Saves Week, provides a look at savings habits and how they compare over the last several years.


Got Savings? Why Not?

cfa_america_savesEver been stressed over an unexpected expense?  Ever been out of money? Tired of being broke?

Right Now, "America Saves" gives you an easy plan to start saving money and stop stressing.

Why Now? America Saves week is February 25-March 1. Can you think of a better week to start?

Do This: Check out the "America Saves" website. Make a pledge to yourself, set a savings goal, and start saving now. You've been meaning to do that, right?

Head to: Pledge to Save


Will You See a Credit Card Surcharge at the Checkout?

As of January 27, 2013, merchants, online and off, can add a surcharge to every purchase made with a Visa or MasterCard credit card. They can't add the surcharge on debit card purchases. Note that state laws in California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma, and Texas prohibit or restrict credit card surcharges.


What Will the Fiscal Cliff Agreement Mean for Your Finances?

Late on New Year’s Day the Congress agreed and passed a bill that would maintain Bush-era income tax reductions for 99% of Americans. However, the bill did not extend the temporary reduction in payroll taxes for Social Security and Medicare [FICA] enacted two years ago to stimulate the economy. So a majority of Americans will pay an increase up to these restored rates. Although all implications of the bill for ordinary taxpayers is not yet clear, the following information and analysis from a variety of sources may provide you with a clearer picture.


Page 11 of 20

Foolproof Login:

Contact Us:

Member Service Call Center:

Mon-Fri: 8am - 7pm
Sat: 9:00am - 1:00pm
Main: (410) 487-7328
Toll-free: 1-800-879-7328
Expressline Banking: 1-888-643-9777