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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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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