With so much negative news about the financial sector as a whole, a surprising new trend is emerging. That trend tells us that fewer Americans have poor credit scores. And the reasons run the gamut.
Personal Finance News - Credit Report
Many people think of credit retroactively and that actually hurts them when it comes time to apply for credit. Being proactive, on the other hand, will help you avoid these 4 mistakes many people miss.
There’s at least one group, a subsidiary of the National Association of Federal Credit Unions, that’s pushing for lenders to abandon FICO as its industry standard in lieu of an alternative it says is more accurate.
During a tough economy, strange questions such as this one come to the forefront but the answer is not so cut-and-dry. Unemployment can affect your credit, but probably not in the ways you might expect.
Because of the way that credit scores and creditworthiness are determined, people who choose to close their accounts once paying off the balances may quickly discover it was a bad idea.
Understanding your credit history is very important but many consumers probably do not realize that it is actually more important to focus on your credit report over your credit score.
Despite the easy availability of credit reports these days, it seems that large number of consumers do not know their own credit scores.
Whether you are trying to repair your credit or are looking for better opportunities in the future, there are 3 easy and quick ways you can do to increase your credit score.
Experian revealed a new credit score to represent the “underbanked” population in order to make it easier for them to qualify for credit and access cost-effective loans.
Most people are aware of how important a good credit history is but in a tough job market a bad credit score could cost you more than a new loan; it could cost you a new job.
According to a May 2012 survey by VantageScore Solutions and the Consumer Federation of America (CFA) most Americans struggle with understanding the way credit scores work.
There has been significant improvement in the overall economy across the whole country of late and according to experts this has resulted in fewer consumers having to seek out protection from aggressive creditors by filing for bankruptcy.
A proposal by the Consumer Financial Protection Bureau has said that credit reporting agencies and debt collectors will be more closely monitored in the future.