Tightening Consumer Credit Standards

According to a Federal Reserve survey of senior loan officers at major banks, ... % of banks report that they’ve been actively lowering credit limits, with just under 40% saying that credit ... 52% of banks reported that they’ve increased the credit score required to secure a line of credit [more...]

Date: 2008-12-29 15:00:51

Blog posts (13) | Videos (73)
 

Benefits of Acquiring Bad Credit Auto Loans through Sub-prime Car Lenders

Amazon.de Widgets The world economic recession has created a different set of dynamics before the lenders and primers. With pink slips and instability in the job market borrowers are finding it hard to maintain regularity in repayment. Unavailability of unsecured loans has also added to their worries. This is no less a turbulent time for lenders too. With increased number of bad credit borrowers they are forced to relax their good credit score while approving new loan plans. [more...]

Date: 2009-09-29 07:45:12

Three Legislative Proposals That Could Have Major Consequences for Your Finances

J.D. is on vacation. This guest post comes from DR of The Dough Roller, a money management blog ... in a consumer report or any change in a consumer’s credit score, as the basis for increasing any annual ... on Wall Street and in the credit markets lately, one could easily forget about money-related legislation [more...]

Date: 2008-12-18 13:00:42

Increase Your Credit Score - Use It or Lose It!

In case you did not know, I am a huge Dave Ramsey fan. This guy simply understands what it takes to truly become debt free ... learned a lot. During one of his lecture, he mentioned the fact that since he does not use credit ... not qualify for financing. I understand how the credit reporting bureaus calculate your credit [more...]

Date: 2009-01-02 21:44:16

Will Credit Repair Enhance Your Plunging Credit Score?

As lending rules get stricter by the day, an increasing number of consumers are desperately looking for ways to improve their credit ratings ... but nevertheless accurate entry on the client’s credit report. This technic exploits a provision ... or out-of-date information from their credit report. This technic works under the premise [more...]

Date: 2008-12-08 07:00:23

Fast Credit Repair Tips

Many companies and programs are offering fast credit report tips, however they often come with a hefty price tag ... , you can increase your credit score rather quickly. In some cases the results can be a couple days, but within 30 days significant improvements can be made. Original text: Fast Credit Repair Tips [more...]

Date: 2009-01-15 18:01:59

Where's The Happy Medium?

The other day, I noticed that the finance charge on one of my credit cards had gotten a lot higher, ... been more than $1,500), and in the last six months, my salary has increased about $10,000. My credit score hovers somewhere around 700, give or take. I have to wonder: Where's the 'increased risk'?The banks [more...]

Date: 2009-01-15 20:39:00

General Motors Fights Uphill Battle with Double Edged Sword

Shortly after the U.S. government lent the Big Three $17 ... GMAC increased its minimum required credit score to 700. This compared to the median credit score [more...]

Date: 2008-12-31 09:33:29

Tribute - Revision

The Tribute MasterCard uses help to rebuild a score of the low credit often. It is a non protected card ... for the years. He/it can help to increase your score. It is because with on time monthly payments you will create a history of the positive payment on your report. There is not a price [more...]

Date: 2009-01-05 11:16:30

Debt Reduction is more Important than Your Credit Score

If you are a baby boomer with a pile of consumer debt, you are not alone ... those with significant credit card debt to worry about. According to a report from the New York Times, credit card companies are showing increased flexibility with consumers who have significant [more...]

Date: 2009-01-04 00:34:49

Christmas Gift Ideas Edition

The holidays are almost here have you finished your Christmas shopping yet? My wife and I are only half way done ... increased interest Sun’s Financial Diary has some tips for boosting your credit score. Check [more...]

Date: 2008-12-18 13:14:12

Ask SCORE How to Survive Tough Economic Times

Washington, DC (PRESS RELEASE - November 4, 2008) - Entrepreneurs face challenges on many fronts during the next 12 months, including lower consumer spending, rising unemployment, tightening credit, and inflation pressures ... stock of their current situation, make changes to reduce costs and increase their profitability. SCORE [more...]

Date: 2008-11-10 23:00:08

Advance Warning: Fannie Mae’s New Mortgage Fees to Go into Effect Monday

... could increase your closing costs: Your credit score Your downpayment / equity percentage Your home’ [more...]

Date: 2009-01-08 22:13:14

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