Credit score focus of new celeb-backed debit card

News from The Associated Press:

Credit score focus of new celeb-backed debit card
By EILEEN AJ CONNELLY, AP Personal Finance Writer – 8 minutes ago 
NEW YORK (AP) — Personal finance media personality Suze Orman is thinking big. She’s the   first out of the gate in the fast-growing prepaid debit card market with a card that [...]

5 steps to a better credit score

News from Middletown Journal:

By Jessica Garringer, Contributing Writer 6:51 PM Sunday, January 8, 2012
How is your overall financial health? Do you know what your FICO score is? Do you even know what FICO stands for? If improving your credit score is one of your resolutions for 2012, there is hope.
Your FICO score, which stands for [...]

Lower credit scores dramatically hurt home buyers

News from Boston Herald:

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As consumer credit scores plunged in 2008-2009, lenders raised their standards

News from Washington Post:

How big a whack did your credit score take during the grim years of economic distress following the housing bust? Was it 20 points, 50 points, 100 points — or maybe no drop at all?
These are key questions affecting millions of potential home buyers who hope to qualify for mortgages as well [...]

30-year mortgage rate falls to 3.9 percent

News from Christian Science Monitor:
30-year mortgage rate matches record set two weeks ago, says mortgage giant Freddie Mac. But low 30-year mortgage rate has not provided much boost to home sales or refinancings so far. 

2012 looks to be another year of opportunity for the few who can afford to buy or refinance a home.
Skip to [...]

Remember Your 3 Important Credit Scores? Now It’s 4

News from San Francisco Chronicle:

Just when we think we understand the rules, all of the rules change. The financial education that we receive includes the warning that if we don’t responsibly pay the loans we’ve received, the “big three” are going to find out about it and our credit scores will suffer. It only takes [...]

New Year’s a good time to rebuild your credit score

News from Houma Courier:

Published: Thursday, January 5, 2012 at 12:25 p.m.
Last Modified: Thursday, January 5, 2012 at 12:25 p.m.

Too many credit scores took fairly big hits during the recession, as people paid bills late or not at all.
“It’s been rough,” said Todd Albery, CEO of Detroit-based Quizzle, a credit information website www.quizzle.com that’s part of [...]

Susan Tompor: It’s time to rebuild your credit score

News from Detroit Free Press:

Dennis Balogh/McClatchy-Tribune

By Susan Tompor
Detroit Free Press Personal Finance Columnist

Commentary and criticism
Susan Tompor

Dan Gilbert

Dealing with debt in 2012
• Read your credit report to see whether someone else’s credit cards or loans are showing up on your report. Correct the mistakes.
• Stay away from a scam that tells you to clean up your [...]

Mortgage demand fell at year-end, purchases sag

News from Reuters:

Wed Jan 4, 2012 7:01am EST

(Reuters) – Demand for loans to buy homes and refinance mortgages slid in the final week of 2011, even as mortgage rates dipped, an industry group said on Wednesday.

Applications for U.S. home mortgages fell 4.1 percent in the week ended December 30, weighed down by a 9.6 percent [...]

Mortgage demand fell at year-end, purchases sag

News from Reuters:

Wed Jan 4, 2012 7:01am EST

(Reuters) – Demand for loans to buy homes and refinance mortgages slid in the final week of 2011, even as mortgage rates dipped, an industry group said on Wednesday.

Applications for U.S. home mortgages fell 4.1 percent in the week ended December 30, weighed down by a 9.6 percent [...]