Author: Kyle Burbank
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Experian Boost Review: How Does it Work? Is it Worth it?
Building credit has long been a Catch-22 as getting approved for credit often means already having credit established. Luckily for consumers, in recent years there have been a few innovations that have addressed this issue in different ways. One such option is Experian Boost, which comes from Experian — one of the three major credit…
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Survey: 45% of Americans Rely on Credit Amid Inflation
A new survey highlights the link between continued inflation and how Americans are using credit. About the survey results: According to a Debt.com survey of 1,000 U.S. adults, a significant number of consumers are currently relying on credit. In fact, 45% of respondents cite inflation and price increases as the reason for their credit usage.…
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Amex Increases Grants for 4th Historic Small Restaurant Program
American Express has launched its latest Backing Historic Small Restaurants Program — and has significantly increased the grant money up for grabs. About this year’s Backing Historic Small Restaurants Program: For the fourth annual Backing Historic Small Restaurants Program, American Express and the National Trust for Historic Preservation have announced that it will not only double…
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Apex FinTech Solutions Acquires AdvisorArch
Apex FinTech Solutions, which provides clearing services and other solutions, has announced its latest acquisition. About the acquisition and AdvisorArch: Today, Apex FinTech Solutions revealed that it had acquired AdvisorArch — a company that Apex has partnered with since 2023. Terms of the deal were not readily disclosed. According to Apex, the acquisition will allow…
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Amex Partners with Point.Me for Award Flight Search Portal
American Express has announced a new partnership that brings a new tool to cardmembers. About the partnership: Today, Amex revealed the launch of “Point.Me for Membership Rewards Points.” This new platform — powered by Point.Me — will allow cardholders to search reward flight booking options across more than 150 airlines. In each case, these flights…
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Oxygen Ending Banking Services, Pivoting to Health Solutions
The business and consumer neobank Oxygen has announced a “temporary” exit from banking services. About the closure: Oxygen has announced that it will be “pausing banking” and will shut down its current accounts. First, as of today, the Total Rewards Program will be discontinued. Effective March 16th, users will no longer be able to deposit…
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A Guide to Building Credit and Increasing Your Credit Scores
When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there…
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TomoCredit Offering Proprietary TomoScore to Businesses
TomoCredit has announced that it will be bringing its unique creditworthiness model to more businesses. About TomoScore and the expansion: TomoScore is an underwriting model designed as an alternative to FICO or other traditional credit models. Among the factors Tomo’s model looks at are cash flow as well as on-time payments for bills, regular income,…
