Fed Researchers: Credit Vertigo Bigger Problem Than Funds to Lend

Corporate borrowers are so unsure about the lending landscape, and bankers are so concerned about risk that a “credit vertigo” has been created, ... that the credit crunch is the result of banks being short of cash to lend is not accurate, the researchers found. Instead, there is a complex mix of lower demand, higher standards and poor credit quality [more...]

Date: 2008-12-17 11:55:00

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What to do if you’ve been turned down for a loan

Turned Down For a Loan?  Improve Your Loan-Ability! This article was written by Becky House, Education Manager for American Financial Solutions. For more information about credit scores, budgeting or managing your debt, visit MyFinancialGoals.org or contact Becky at 1.800.894.3946. Two years ago, someone with a 600 (poor) credit score could qualify for a mortgage or car loan. Now, reputable lenders will not even consider lending to someone with a score below 700. [more...]

Date: 2009-09-26 14:37:00

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