Half of U.S. Adults Hacked: Are You Among Them?

In the past 12 months your personal information has likely been stolen, leaving you vulnerable to identity theft. About 432 million online accounts belonging to 110 million Americans - roughly half of all adults - were hacked in cyberattacks during the past year, according to new findings by the Ponemon Institute, a data-collection research firm. Meanwhile, Consumer Reports estimates that some 11 million Americans fell victim to email scams in 2013. And in the first four months of this year, at least 260 …

You May Be Paying Higher Rates Due to Credit Report Errors

You could be shelling out thousands of dollars more for your mortgage, car loan or anything else you financed because errors on your credit report showed you were a higher credit risk than you actually were. A  study of the credit reporting industry by the Federal Trade Commission found that as many as 40 million consumers had errors on one of their three major credit reports. And 10 million of those consumers had “significant errors that lowered their classification,” says …

Looking For A Loan? You May Have Better Credit Than You Think

If you’re considering taking out a loan, you could be in luck. There’s a new way borrowers may be assessed for credit risk and it could provide a more positive and accurate picture of credit behavior. And that could lead to lower interest rates on loans from cars to mortgages. With this new credit scoring system from Fair Isaac Corp. (FICO) and the data aggregate firm CoreLogic,  some 44 percent of the U.S. population (more than double) went from pretty decent to crazy good credit, …