“It didn’t take me six months to get into the financial destruction path. I knew it wouldn’t be a quick fix. To get an excellent credit score that stays, you need a shift in mindset.”
There are even sites that set up dates based on credit score!
The fed defends workers wondering what finances have to do with job performance.
(New York Times) — Credit card offers are surging again after a three-year slowdown, asbanks seek to revive a business that brought them huge profits before the financial crisis wrecked the credit scores of so many Americans. The rise is striking because it includes offers to riskier borrowers who were shunned as recently as six months […]
(New York Times) — If you needed a reason to keep balances low on credit cards without set spending limits, here’s one. The way certain issuers report the cards with no preset spending limit (like Visa Signature and World MasterCard cards) to the credit bureaus could have a negative effect on your credit score if you carry […]
(Danbury News Times) — A national consumer coalition plans to file a series of landmark federal fair housing complaints beginning Monday challenging a widespread practice by banks and mortgage lenders: Requiring borrowers who apply for FHA loans to have FICO credit scores well above the 580 minimum score set by the FHA itself for qualified […]
(LA Times) — Here’s a homeowner credit torture scenario that might have happened to you, and now has a major real estate lobby on Capitol Hill demanding immediate reforms. Say you’ve had a solid payment record on just about all your accounts — three credit cards, your first mortgage, home equity line and other important […]
(Wall Street Journal) — The U.S. Federal Reserve unveiled an online consumers’ guide to credit scores and credit reports. The straight-forward guide includes the basics: What a credit score is, how it is used and why it is important to protect your credit history. But what is perhaps more significant is what that guide is meant […]
(LA Times) — With foreclosures soaring — and homeowners with unblemished payment histories abruptly walking away from their houses with no warning to lenders — the two major producers of credit scores have begun changing how they evaluate consumers’ risks of default. The revisions could affect you the next time you apply for a loan. […]
(Inc) — Today, the New York Times ran a thoroughly depressing article on the availability of credit, which, despite the government’s efforts, has yet to improve. Lending to small companies fell from $710 billion in the second quarter of 2008, to $670 billion in the first quarter of 2010, the Times says. Read More…