During the past year in Wisconsin, complaints to the Federal Trade Commission went from several hundred a month to a peak of 56,000 complaints in March 2021. The top complaint involved fraud, most often related to online shopping, followed by complaints about credit bureaus and financial services. Identity theft was the third most common complaint […]
By law, everybody can obtain three free credit reports each year. The information in your credit report affects your life in important ways—your ability to get a loan, how much you pay for credit and insurance, securing a job, renting a house or apartment, and preventing identity theft. It is important to check your report […]
COVID-19 has impacted our lives in many ways. View and download the Tools to Cope with the Financial Impact of COVID-19 guide. Find more answers to Frequently Asked Questions about financial resources on our webpage.
Workshops can be a great way to share important financial information. Gaining new knowledge can be very empowering and can help increase financial confidence. These workshops are intended to be relevant and timely, with interactive opportunities to apply new information during and after the lesson. Every participants’ financial situation and goals are unique. We encourage […]
What is a credit report? What is a credit score? How can I improve my credit score? Many people use the terms “credit report” and “credit score” interchangeably, but they are not the same. Your credit report is a detailed account of your credit history, while your credit score is a three-digit number signifying your […]
By law, you are entitled to three free credit reports every 12 months–one each from the three credit reporting bureaus: Equifax, Experian, and TransUnion.
Information in Your Report Video Introduction to a Credit Report Sample Reports Identifying Potential Errors Dealing with Errors Monitoring Negative Information Information in Your Report Once you order a credit report from one of the three agencies, your report will appear on screen. We recommend printing your report (it might be long!) and saving it […]
Remember–it is up to you to identify and dispute errors in your credit report. The credit bureaus maintain tens of millions of reports, so they cannot verify the accuracy of the information in everybody’s reports. Inaccurate information can affect your ability to obtain an affordable loan or insurance policy, rent a house or apartment, or […]
Many libraries and youth programs across the United States are using books from the Consumer Financial Protection Bureau’s “Money as You Grow” Bookshelf for their children’s reading programs. Free resources to support your local program can be found on the CFPB’s website. UW-Madison Division of Extension also has materials around children and money created especially […]
The Earned Income Credit (EIC) is a tax credit for workers who earn low or moderate incomes. There are two types of Earned Income Credits: a federal credit that is claimed on your federal taxes, and a Wisconsin credit that is claimed on your state taxes. If you qualify for the EIC and file your […]