Credit Ratings Are Often Underestimated

People know that getting into debt can be a bad thing ... underestimate their credit. They figure that if they aren’t financing a vehicle or looking at buying a new home, then they don’t have anything to worry about. Credit governs interest rates and loan [more...]

Date: 2008-12-08 17:01:07

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More hoops to jump through for enticing mortgages

Consumers rushing to refinance a home loan or get a new one to take advantage of the lowest U.S ... stellar credit. “This market has weeded out people with bad credit. That’s the difference,” said Ellen ... . mortgage rates in nearly four decades are in for a surprise: the new rates aren’t for everyone [more...]

Date: 2009-01-14 14:37:34

Young people vulnerable to subprime car loans

A new car costs almost as much as what a home cost 30 years ago ... dealers love to advertise low rates or zero per cent financing, but that assumes you have good credit ... and the other with a bad credit rating– only qualified for a subprime loan at 18.5%. If all went well [more...]

Date: 2008-06-26 19:03:07

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