A Complete Guide to Your Rights under FCRA Many consumers may find that their credit reports don’t reflect accurate information about their credit history. Occassionaly, there are instances where credit bureaus mixed up one consumer’s name with another and included incorrect credit history. It might take several years to remove the inaccurate information and, by…
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Should You Pay Your Taxes With A Credit Card? In the recent years, even the Internal Revenue Services (IRS) has started to accept credit as a form of payment. After the introduction of the Taxpayer Relief Act in 1997, the federal government began to accept income tax payments by “commercially acceptable means” such as debit…
DetailsFor the First Time Ever, 18 FICO Scores Available to Consumers The most commonly used credit score rating FICO will soon offer 18 different variations of the credit score to consumers. This announcement by FICO closely follows the news recently about how American consumers need to be more informed about their credit ratings and scores…
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Did you know that one unit of blood can save as many as three lives? RMCN believes in the value of community. That’s why are committed to making sincere contributions to the people who make up our community, whether it be helping people repair damaged credit, or participating in a community blood drive. On January…
DetailsHow the New CFPB Update will affect Consumers and Financial Institutions Have you tried to open a checking account only to find that your application has been rejected? If yes, you are not alone. Banks decide if you can have a checking account with them based on information that may be irrelevant, inconvenient and at…
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Identity Theft – A Risk to Your Credit Score? In October of 2014, an identity theft ring was busted by the local and federal authorities. It was reported that five people had been accused of stealing customer information from an American luxury department store. The accused had spent nearly $400,000 on designer shoes and bags,…
DetailsIs your Net Worth Dwindling from Bad Financial Decisions? Have you ever evaluated your net worth? The way you handle your finances can have a negative impact on your personal net worth. It may not affect your credit score directly, but it can leave an indirect impact on your credit history. Individuals with a higher…
DetailsAre Your Medical Bills Hurting Your Credit Score? According to a report by Consumer Financial Protection Bureau (CFPB), nearly 49.5 million U.S. consumers have unpaid medical debts. The report reveals that inaccurate medical bills can play a huge role in bringing down consumer credit scores. Almost one in six credit reports contain medical debt collection…
DetailsSocial Security Number: A Key Factor in Identity Theft This is an all too familiar story. One unexpected day, Laura received an alert from her credit card company that made her instantly anxious. It stated that she was 30 days late on her payment. However, Laura knew that she had closed this particular credit card…
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We are Thankful! This year, RMCN proudly continues its long standing partnership with the good people at Herman Lawson Early Childhood Center to collect groceries, food baskets, and gift cards for their school Thanksgiving meal. Our partnership with the Herman Lawson Early Childhood Center in McKinney is part of our larger non-profit initiative called ‘RMCN…
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