Credit scores, with a little help from your friends
Posted on 16 May, 2012
News from GigaOM:
Would you want your Facebook friends or LinkedIn contacts to help determine your creditworthiness?
An emerging crop of companies believe that our online identities – and our social data in particular – are valuable sources for evaluating and even managing credit risk. This week, Lenddo, a New York-based startup that helps the middle class in [...]
Credit scores confusing consumers
Posted on 15 May, 2012
News from Pittsburgh Post Gazette:
May 15, 2012 12:07 am
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By Patricia Sabatini / Pittsburgh Post-Gazette
Although consumers have improved their overall knowledge about credit scores over the past year, they continue to harbor potentially costly misunderstandings, according to a just-released survey from the Consumer Federation of America.
Among the most troubling findings: A majority of consumers mistakenly believe [...]
Weak credit history? help at hand now
Posted on 14 May, 2012
News from Hindustan Times:
Ajit Jain (name changed), a mid-level executive at a law firm, was in for a surprise when he approached a private sector bank for a Rs. 95 lakh-home loan.
The bank rejected his application on the grounds that Jain was blacklisted by lenders since he had defaulted in the repayment
of his credit card [...]
Key steps to getting the best home loan
Posted on 12 May, 2012
News from Salt Lake Tribune:
(Gene J. Puskar | The Associated Press) If you have a credit score of at least 760 and qualify for a home mortgage of 3.5 percent, you’ll pay about $ 1,340 per month on a $ 300,000 loan. The same borrower with a credit score of 620 to 639 [...]
Top 12 “Ask the Expert” questions
Posted on 11 May, 2012
News from Fox Business:
Every day at CardRatings.com, readers just like you submit questions about credit cards to our “Ask the Expert” columnists. We try to pull the most compelling questions from your submissions, so readers in similar situations can also enjoy what we’ve all learned.
However, we can’t answer every question, so here’s a list of [...]
4 Habits That Damage Your Credit Score
Posted on 10 May, 2012
News from San Francisco Chronicle:
If you are like most consumers, you don’t spend a lot of time thinking about your credit history. You may think that, as long as you’re paying your bills on time, your credit history and related credit score should be shiny and clean. However, many common money habits can have a [...]
Military Loan Money For People With Bad Credit History
Posted on 09 May, 2012
News from Virtual-Strategy Magazine:
Flexible new military loan reviews for armed forces members with a bad credit score have been announced by online lending authority Reallybadcreditoffers.com. The new loan offers provide service men and women with bank loan offers with added repayment flexibility designed to accommodate the demands of military service.
San Diego, CA (PRWEB) May 09, [...]
Credit score killers that cost you money
Posted on 08 May, 2012
News from NewsNet5.com:
It’s one of the most mysterious numbers in our lives: Our credit score.
We all know that a good score is essential to getting a home or car loan. But how do you improve it? And more importantly, what are the credit score killers that can hurt you?
Credit score confusion
John Puthoff thought he’d check [...]
Susan Tompor: Consumers’ credit scores improving
Posted on 06 May, 2012
News from Detroit Free Press:
Credit scores turned into one ugly number for many consumers throughout the recession — putting a halt to how much buying and borrowing consumers could do.
So it’s pretty upbeat news to hear that more consumers are edging near perfect FICO scores.
The number of consumers in the top FICO score range — [...]
620, 680 or 720? What credit score do you need for a mortgage?
Posted on 04 May, 2012
News from KLJB:
By Kirk HaverkampProvided by
What kind of credit score do you need to qualify for a mortgage? A new survey of bank executives by the Federal Reserve provides some answers.
It’s well-known that it’s harder to get a mortgage these days than it was back in the boom days of the housing bubble, when it [...]
