A Guide to the Web’s Best Consumer Credit Resources

Consumer credit or debt, which can broadly be defined as money, services and goods provided to consumers before full payment is received, can be an overwhelming and confusing topic. And despite how complicated consumer debt can be, revolving credit is very common amongst most Americans, as over 609 million credit cards are used today by U.S. consumers. In the past several years, credit card debt has exploded amongst many different age groups. For example, amongst college students, credit debt has risen from 15 to 69 percent. Out of all credit card users, a little over 13 percent end up defaulting on loans.

Here is a guideline for readers who want to learn more about consumer credit and related topics, from the importance of credit scores, the frequency of revolving credit, as well as consumer rights.

Credit Scores

  • Checkmyfile.com: Checkmyfile.com is a consumer credit information service that provides credit scores, close analysis of consumer debt and access to consumers’ credit reports.
  • Equifax: Equifax is one of the three main national consumer credit reporting company in the U.S. that offers credit reports, credit scores and identity theft protection products to consumers and small businesses.
  • Experian Scorex: Like Equifax, Experian is another national consumer credit scoring company that provides solutions and scorecard development for consumers.
  • The Credit Scoring Site: This website is a helpful resource that provides research on current credit score industry trends and related laws and regulations.
  • WalletPop, Credit and Credit Cards: WalletPop offers articles and information about personal credit, credit scores and credit cards.
  • The Federal Deposit Insurance Corporation’s Your Credit Record, A Report Card on Your Personal Finances: This special issue offered by the FDIC Consumer News is devoted to credit reports and credit scores

Credit Cards

Consumer Debt Relief

  • Consumer Credit Management Services: This is a nonprofit credit counseling organization that offers consumers relevant information on financial planning, education and debt relief.
  • Crisis Credit Counseling: Crisis Credit Counseling provides debt consolidation and settlement services for consumers.
  • Debt Help: Debt Help offers consumers information on debt consolidation programs and loans.
  • Nation Wide Consumer Debt Relief Inc.: This certified credit counseling agency offers repayment options and other debt-based services to consumers, which lead to overall lower monthly payments and reductions on credit card interest rates.
  • US Consumer Debt Advocates: This website offers information on debt assistance and settlement services for consumers.
  • 123 Debt: 123 Debt provides credit and debt-related information and evaluations of individual debt accounts.

Credit Security

  • BeSecureNet, LLC: BeSecureNet provides financial security services, such as protection against financial intrusions, as well as prevention from and detection of financial scams.
  • Ingenico: Ingenico offers information on credit card processing terminals and software for secure payment, as well information on the electronic payment industry.
  • Secured Credit Card Marketing Scams: This website covers deceptive advertising claims marketers frequently use to deceive consumers.
  • Security Freeze: Security Freeze offers consumers information on how to prevent credit reporting companies from releasing credit card reports without the consumer’s authorization.

Credit Lifestyle

  • CNN Money, Avoiding Credit Repair Scams: This is an informative article with tips and advice on avoiding credit repair scams.
  • Credit Restoration Consultants: Credit Restoration Consultants specializes in the restoration of consumer credit, as well as providing information on the dangers of identity theft.
  • Federal Trade Commission, Credit Repair: The Federal Trade Commission offers facts for consumers regarding “do-it-yourself” credit repairs.
  • FR CreditRepair: FR CreditRepair provides information on a credit repair program for consumers, as well as broad overviews of credit reports and scores.
  • Hope For Credit: Hope For Credit is a nonprofit organization that offers a credit and education program focusing on credit repair, credit restoration and credit education.
  • NCA Credit Repair Services: This program assists consumers in repairing damaged credit and creating long-term plans to improve their credit scores.

Consumer Rights

  • Consumer Action: Consumer Action is an advocacy organization that focuses on defending consumer rights, as it refers consumers to complaint-handling agencies through a free hotline. The organization also offers informative brochures and guidelines.
  • GuardMyCreditFile: GuardMyCreditFile educates consumers on the unfair practices that frequently occur in the credit reporting industry. It also provides information to businesses about protecting the financial and personal information of their clients, as well as providing a system for consumers to monitor the activity and accuracy of their credit records.
  • Michigan: The Attorney General’s Office of Michigan offers a helpful guide on consumer rights. The website lists intended actions, how to file a consumer complaint, consumer rights statutes and other valuable information on a variety of related topics.
  • Privacy Rights Clearinghouse: This is a nonprofit consumer education and advocacy project that supports consumers’ privacy rights in public policy proceedings.
  • Socially Responsible Consumer: Socially Responsible Consumer offers readers tips and advice on how to spend and invest in products that support their value systems.