Tag: More


Getting credit utilization under control will make you more appealing to lenders

News from Chicago Tribune:
Q: I’ve racked up $ 9,000 in debt on a $ 10,000 line of credit, but I can pay it off at any time.
I’m planning on moving this year and will need to finance my house purchase. I’m thinking that if I pay off the debt, the credit card company [...]

Women Pay More for Credit Cards: Study

News from ABC News:

Women pay more for their credit cards than men do. (And that’s a double whammy, because we also shop more than men do!) A FINRA Foundation Study found that, on average, we gals pay a half a point higher interest rate on our cards than the guys do. And that’s after factoring [...]

Credit Scores Mean Even More in Dallas-Area Homeowners’ Insurance Premiums

News from LoanSafe:

AUSTIN (Source: Terrence Stutz The Dallas Morning News (MCT) — North Texas homeowners with poor credit ratings — including a high percentage of minorities and lower-income residents — are seeing their premiums climb as insurers sharply increase their reliance on credit history in pricing home insurance policies.
A Dallas Morning News analysis of sample [...]

A High Credit Score Means More Savings

News from Business Insider:

Scott Gamm is the founder of HelpSaveMyDollars.com
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Your Credit Score, Your Money & What’s at Stake (Updated Edition): How to Improve the 3-Digit Number that Shapes Your Financial Future “A great credit [...]

Two More Years of 4% Mortgage Rates?

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 [...]

CoreScore credit score may harm consumers more than help

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 [...]

Credit score: You’re more than just a number

News from Fox Business:

Rejected for a credit card? Your credit score may not be the culprit. Unfortunately, your credit card issuer may just not be that into you.
When you apply for a credit card deal, or ask your credit card issuer for better terms, and get rejected, the knee-jerk action is to blame the credit [...]

Credit Scores: You’re More than a Three-Digit Number

News from Go Banking Rates:

You are not your credit score. It’s true that banks and other businesses place a lot of emphasis on your three-digit score when they’re deciding whether or not to take you on as a customer, but that’s not all they consider.
Your credit score doesn’t tell the whole story–it only predicts the [...]

A Credit Score That Tracks You More Closely

News from New York Times:

Anyone who has recently applied for a mortgage knows that lenders are already looking much more closely at your financial affairs. But soon, they’ll be able to easily delve into the deepest recesses of your financial life, accessing information that never before appeared on your credit report.
This week, a company called [...]

Credit scores are poised to get more personal

News from The Detroit News:

Last Updated: October 24. 2011 1:00AM

Mary Ellen Podmolik/ Chicago Tribune
Chicago — Many consumers applying for a mortgage are going to start sharing more personal information with lenders next year, like it or not.
FICO scores, the industry standard for determining credit risk in mortgages backed by Fannie Mae, Freddie Mac and [...]

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