From the category archives:


Consumers Are Having an Easier Time Paying Debt

April 5, 2012

Further signs that the economy is improving. Timely repayments improved on all 11 of the consumer loan categories tracked by the American Bankers Association in the final quarter of last year, the first time that has happened since 2004, according to the organization’s chief economist.

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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 […]

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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 […]

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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 may […]

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