Archive: February, 2012


Rising Credit Scores, Falling Debt: Here’s How To Jump On The Bandwagon

News from www.CreditCards.org:

Congrats average Joes and Janes! Your New Year’s resolutions are paying off. Credit scores are on the up and up, according to CreditKarma.com’s U.S. Credit Score Climate Report.
The trend data for January 2012 shows that the average credit card debt in the U.S. fell eight percent since December, landing at $ [...]

Foreclosure in credit history means waiting years for a new loan

News from Asbury Park Press:

LOS ANGELES — Next to filing for bankruptcy protection, nothing wrecks your chances of qualifying for a home loan like a foreclosure.
And if you got out from under an oppressive mortgage through a short sale — when the bank agrees to accept less than what the homeowner owes — lenders can [...]

Foreclosure in credit history means waiting years for a new loan

News from Asbury Park Press:

LOS ANGELES — Next to filing for bankruptcy protection, nothing wrecks your chances of qualifying for a home loan like a foreclosure.
And if you got out from under an oppressive mortgage through a short sale — when the bank agrees to accept less than what the homeowner owes — lenders can [...]

Consumer debt falls in Q4 on mortgage balances

News from Reuters:

NEW YORK | Mon Feb 27, 2012 12:33pm EST

NEW YORK (Reuters) – U.S. consumer debt fell a modest 1.1 percent in the fourth quarter as mortgage debt continued to decline, the New York Federal Reserve said on Monday.

Mortgage balances fell for another quarter, down 1.6 percent from the third quarter, according to the [...]

Here’s How To Completely Trash Your Credit Score

News from Business Insider:

tgraham / Flickr

Jim Wang

Jim Wang writes about personal finance at Bargaineering.com
Recent Posts

Why Those ‘Free Credit Score’ Sites Keep Popping Up
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Credit Repair Mastery – [...]

CREDIT SCORES BETTER IN BLUE STATES THAN IN RED

News from U-T San Diego:

Best and worst
Here are the top five and bottom five states, with their affiliation based on the last four presidential elections.
Highest credit scores
New Jersey, blue, 681
Massachusetts, blue, 680
California, blue, 679
Minnesota, blue, 676
Washington, blue, 675
Worst credit scores
Mississippi, red, 622
Arkansas, red, 634
Louisiana, red, 635
West Virginia, red, 635
South Carolina, red, 636

Borrowers in blue states [...]

How Free Credit Score Services Work

News from Business Insider:

Credit Karma

Jim Wang

Jim Wang writes about personal finance at Bargaineering.com
Recent Posts

How To Create A CD Ladder
Here’s How To Control What People Can Find About You Online
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Your Credit Score Probably Rocks If You Were The First-Born

News from Business Insider:

Flickr / courosa

Gina Roberts-Grey

Gina Roberts-Grey
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The big retirement disconnect

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Improve Your Credit Score In 2012

News from San Francisco Chronicle:
With cumulative U.S. consumer debt having fallen to $ 11.1 trillion at the end of 2011, it is clear that households across the nation are benefiting from reducing their average debt liability. For instance, 60-days plus past due delinquencies fell by 29% in the bank credit card lending sector, and [...]

Auto lending thaws in 4th quarter

News from Chicago Tribune:
U.S. lenders made more auto loans in the most recent quarter, but took more risks and charged less interest to get the business, according to a report released on Thursday by credit reporting and market information firm Experian Automotive.
Outstanding car loans increased nearly 4 percent, to $ 658 billion, at the [...]

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