From the category archives:

Credit

Late Payments On Consumer Loans Reach 16 Year High

April 6, 2008

A recently released survey from the American Bankers Association shows consumer loan delinquencies have reached a 16 year high.
Loans at least 30 days past due in in the most recent quarter totaled 2.65%. This is the highest level of delinquency since 1992, when delinquencies totaled 2.75%.
Source: USA Today – Late payments on consumer loans [...]

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Beware of Companies Offering to Raise Your Credit Score

January 31, 2008

I just read a fascinating article in the New York Times titled: "What’s Behind Those Offers to Raise Credit Scores".
It details some of the tactics that companies are using to artificially inflate individuals credit scores, including piggy-backing on stranger’s loans.  This practice, using "seasoned primary accounts", attaches an individual with poor credit to a loan [...]

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Seven Ways To Improve Your Credit Score

January 8, 2008

Your credit score determines a lot more than just your ability to get a loan at a decent rate.
Your credit score is a three digit number ranging between 300 (terrible) and 850 (very, very, good), that is computed based on a number of factors.
Who pulls your credit? Well, obviously lenders, but you [...]

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