Tag: lower


Search for lower credit card interest rate ends in cut limit

News from The Star-Ledger – NJ.com:

Q. I called my credit card to see if I could get a lower interest rate based on my very good credit history. I was asked for information such as like employment and salary. Being upfront, I told the rep that I am currently in transition/unemployed. They asked me how [...]

Common Things That Improve And Lower Credit Scores

News from San Francisco Chronicle:

A credit score is a numeric expression that helps lenders evaluate a person’s credit report and estimate the risk of extending credit or loaning money to people. A person’s credit score is provided to lenders by the three major credit reporting agencies, including Equifax, Experian and TransUnion. The most common credit [...]

Banks cherry picking customers to avoid lower interest rates

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 [...]

Debt repayment, higher standards improve credit scores in Lower Hudson Valley …

News from The Journal News | LoHud.com:

Restrained spending, debt repayment and higher lending standards have led to improved credit scores nationally and in the Lower Hudson Valley.
“People hunkered down and took control of their payments and the debt they had,” said Frank Celentano, senior vice president and region manager of business and professional banking at [...]

Lower credit scores dramatically hurt home buyers

News from Boston Herald:

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Lower credit scores slow housing recovery by thwarting sales

News from Los Angeles Times:

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

Nice guys have lower credit scores, study says

News from KCBD-TV:
LUBBOCK, TX (KCBD) -
A credit counseling company quotes Texas Tech and other universities as saying a bad attitude can lead to a better credit score.  The company GetCreditRepair.org says the research was done at Tech, Louisiana State University, and Northern Illinois University. 
The company’s statement says, “There was a negative relationship between agreeableness and [...]

Fed drive to lower mortgage rates may fall short

News from Washington Post:
Fed drive to lower mortgage rates may fall short
By Brady Dennis,
The Federal Reserve’s latest push to revive the economy this week had a key aim: Drive low mortgage rates even lower to strengthen the ailing housing market and help cash-strapped borrowers get out from under higher-interest loans.
But that attempt to throw a [...]

Mortgage Rates Decrease: 30 Year Mortgage Rates at 4.47% on Lower Bond Yields

News from MonitorBankRates.com:
Mortgage rates are lower today on lower 10 year bond yields. Today’s fixed conforming 30 year mortgage rates are averaging 4.47%, down from yesterday’s average 30 year mortgage rate of 4.48%. Curernt 15 year conforming mortgage rates are averaging 3.68%, down from yesterday’s average 15 year mortgage rate of 3.72%. 
Search and compare today’s mortgage rates by searching our mortgage rate tables here: Today’s [...]

Banks quicker to lower customers’ credit ceilings despite excellent track record

News from New York Daily News:

Betts/Bloomberg

Gary Goldstein is the kind of customer that credit card companies dream about.
He was always obsessive about paying his bills on time and had grown used to seeing his credit score rise.
That was until about six months ago, when – after just one late payment – his longtime credit card company [...]