News from MainStreet:
NEW YORK (MainStreet) — Premium rewards cards and low annual percentage rates are typically reserved for the credit elite, but growing competition has led many issuers to widen their target market.
That means that credit card holders with so-so credit – scores between 650 and 699 – don’t need to resort to using a [...]
News from TheStreet.com:
Texas (Rate Wire) — The benchmark 30-year fixed mortgage rate in TX has moved down over the last year. In our year-ago review on Feb. 4 the rates averaged 5.01%; this week the average stands at 4.08%, a drop of 93 basis points. The state average is lower than the national average of [...]
News from LoanSafe:
(Source: By Eileen Ambrose The Baltimore Sun) — Marlene Partridge and her husband have a six-figure retirement income, no debt and pay off their credit cards each month.
Yet when the 62-year-old former teacher from Idaho saw her credit score a couple of years ago, she was disappointed that it wasn’t near perfect.
“Are the [...]
News from Economic Times:
MUMBAI: Banks are increasingly cherry picking customers even when it comes to secured credit like home loans, with the number of highly-rated borrowers nearly trebling in the last four years. But the enhanced credit rating and higher scores have not translated into lower or competitive interest rates for them.
A study by Credit [...]
News from Digitaltrends.com:
Facebook and Google are big names in the online privacy debate, but maybe the real threat is from unseen data brokers behind the scenes. In observance of Data Privacy Day, here are some things to know and consider in conducting your online life.
Did you know January 28 is Data Privacy Day in the [...]
News from NASDAQ:
The Federal Reserve announced this week that it does not plan to raise interest rates until 2014 at the earliest. Does this mean you can expect another two years of 4 percent mortgage rates?
Not necessarily. While the Federal Reserve plays a major role in determining the cost of borrowing, including mortgage rates, other [...]
News from WDIV Detroit:
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DETROIT -
It’s time once again for me to put on my certified financial planner hat and talk a little bit about your money.
Let’s start with understanding your credit score and managing it so it works better for you.
The first thing many people wonder is why credit reporting even [...]
News from MainStreet:
Q: Can moving my checking or savings account to a new bank inadvertently hurt my credit score?
A: Rest assured, changing banks shouldn’t have any effect on your credit score as long as you don’t apply for a new credit card at the same time you’re opening up a new savings or checking account.
A [...]
News from BusinessWeek:
Graphic by Bloomberg Businessweek; Data: FICO
By Alexis Leondis
Jeff Rose, a 34-year-old financial planner in Carbondale, Ill., is the kind of guy who has a top-drawer credit score of 780, which is 69 points above the median—and still he wants more. Bent on nudging his score past 800, Rose applied for a second credit [...]
News from MainStreet:
NEW YORK (MainStreet) — Prepaid debit cards may be all the rage these days, but those looking to build credit are probably better off opting for a different kind of plastic.
Unlike prepaid alternatives, secured cards, which require customers to put down a sum of money upfront to cover the line of credit and [...]