News from Hindustan Times:
Ajit Jain (name changed), a mid-level executive at a law firm, was in for a surprise when he approached a private sector bank for a Rs. 95 lakh-home loan.
The bank rejected his application on the grounds that Jain was blacklisted by lenders since he had defaulted in the repayment
of his credit card [...]
News from Fox News:
Having a good credit score can make your life easier. You could qualify for loans with better interest rates, rent a house or apartment, and get service from telephone and utility companies. On the other hand, having a bad credit score can make getting all of this much harder.
So what should you [...]
News from WOWT:
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Want some help improving your credit score? You’re not alone.
According to the March Financial Literacy Opinion Index hosted on the homepage of the National Foundation for Credit Counseling website, www.NFCC.org, a strong majority of consumers, 56 percent, selected “improving my credit score” as the personal finance area in which [...]
News from Credit Newsline:
CoreScore credit score may harm consumers more than help
Posted on January 19, 2012 by Rita Uplend
CoreScore, a new credit scoring system to be released in March, will provide a deep look inside credit history, possibly to the detriment of American credit scores.
Unpaid child support, late taxes, bankruptcies, apartment evictions and unpaid payday [...]
News from WJXT Jacksonville:
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iStock/hjalmeida
Many people are confused when they receive vastly different auto insurance quotes from different companies.
Why should there be such a large discrepancy? How do auto insurance providers determine a rate quote?
There are several factors that can be used, and they vary from provider to provider.
Credit rating
Your credit rating does [...]
News from Hindustan Times:
Bindisha Sarang
letters@hindustantimes.com
A few days ago, Equifax Credit Information Services Ltd became the second credit bureau of India to offer a credit score or the “risk score”. Earlier, Credit Information Bureau
(India) Ltd (Cibil) was the only bureau which provided credit scores, which it started in April.
A credit report is the record of an [...]
News from TIME:
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What if your credit score included things like rent payments, utility bills and tax obligations? What if it also told lenders if you’d ever borrowed using risky or subprime products? A new type of credit evaluation being rolled out by a company called CoreLogic could include all of these details and more. [...]
News from Business Insider:
Trying to improve your credit can seem impossible when lenders are fearful and you’re strapped for excess cash.
But don’t give up hope.
“Focus on where you are right now and do what you can with what you have,” said Justine Rivero, a credit advisor with Creditkarma.com.
You can make progress—even on old, negative debt—and [...]
News from Reuters:
Workers build new homes on a hilltop in Carlsbad, California May 27, 2011. market.
Credit: Reuters/Mike Blake)
By Jonathan Spicer
NEW YORK |
Mon Oct 24, 2011 12:47pm EDT
(Reuters) – The [...]
News from MSN Money:
This post comes from Brian O’Connell at partner site MainStreet.
Back in January, one of the major credit-reporting agencies, Experian, announced it would begin including rental payments in its credit score formula.
In response to Experian’s decision, a cottage industry of websites has arisen to help consumers make the most of their rental payment [...]