This John Legend-backed startup uses AI to improve your credit—for free

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Move over Apple Card. Cred.ai wants to break all credit card conventions as we know them. Credit cards are a trap. They’re easy to use, but difficult to pay. When you inevitably forget to pay your bill on time, or you spend more than you can afford, late fees and interest kick in. And suddenly, like over half of credit card carrying Americans, you’re in serious debt . Read Full Story

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Paying your Netflix bill on time could boost your credit score with this free service

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A free service from Experian called Experian Boost lets people improve their credit scores by paying their monthly bills on time. We’ve all been binging more Netflix than ever thanks to the COVID-19 pandemic. The streaming service has become a lifesaver for many who are just looking for ways to pass the time. Yet now there’s another benefit for being a Netflix subscriber: It could help boost your credit score—if you pay your bill on time, that is. Read Full Story

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Report: Scammers will offer you cheap food delivery on Telegram, then pay for it with stolen credit cards

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Fraudsters are advertising discount food deliveries, which they provide by ordering food from delivery apps using stolen credit cards. Fraudsters are offering discounted restaurant and grocery app deliveries on Telegram forums, then using stolen credit cards to place customer orders and pocketing the difference, according to a report from the fraud prevention company Sift . Read Full Story

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FICO has a tool to measure your creditworthiness during a recession, but you can’t see it

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Pay attention if you’re planning to apply for credit cards, loans, or a mortgage. FICO has a new tool for lenders to measure how “resilient” you are. If you plan to apply for credit cards, loans, or a mortgage, or if you have a credit score in the 600s, take note: Today, FICO debuts the Resiliency Index, a new way to rate borrowers’ ability to weather a recession or other economic volatility. Lenders who already receive FICO credit scores will initially receive the new score for free. Read Full Story

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People with lower credit scores and limited savings are spending their stimulus checks differently

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Groceries, rent, and paying down credit card debt were among the top things people said they were spending their money on in an ongoing survey. As Americans wait for Congress to approve a new round of direct payments for coronavirus relief, researchers continue to study how consumers are benefiting from the stimulus checks they’ve already received. Read Full Story

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