“Even I wouldn’t make a loan to me.” That kind of admission from a borrower ought to be a tip-off that banks shouldn’t be showering him or her with car financing and credit card offers, but lenders hungry to raise revenue are turning again to the business practices many contend turned “too big to fail” and “bailout” into household terms.
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. The company says [...]
Were you sitting and drumming your fingers while waiting for this page to load? Do you think instant coffee takes too long? If you’re impatient, more than just your blood pressure will suffer: You’re also liable to have poor credit, according to a new study.
Lending has tightened, and a score that used to be considered “elite” is now the bottom of the “very good” rung. So where’s your score?
The authors of a new book make the case that life can be good—great, even—while your credit score is in the dumps. In spite of bad credit, you can still buy a home, take a vacation, start a business, and most importantly, not be depressed all the time. And the writers should know what they’re [...]
