All Entries Tagged With: "bad credit"
Zillow Mortgage Marketplace: Low Credit Score Meaning No Mortgage
According to a recent report from Zillow Mortgage Marketplace, approximately one-third of Americans could not get a mortgage due to their credit scores. Zillow Mortgage Marketplace Analysis utilized the of more than 25,000 loan quotes and purchase requests from the first half the September. The new report suggested that people with a credit score of [...]
TransUnion: Credit Card Debt Drop, Consumers Swiping Credit Card Wisely
TransUnion, one of the three biggest credit bureaus, reported that the average debt on all bank-issued credit cards continued to plunge for the fifth straight quarter. In the second quarter of this year, the debt tumbled more than 13% in comparison to the second quarter of 2009, from $5,719 to an average $4,951. This marked [...]
Banks Manage to Offer Cheap Unsecured Loans for People with Bad Credit Despite Obama’s Wall Street Reform New Restriction
The new financial reform implemented new and stringent restriction within the financial industry, but despite this facts there are still a lot of banks and insurers manage to distribute cheap unsecured loans. The U.S. bank PNC Financial Service Inc. with $269.9 billion in assets publicized that the bank still provide cheap unsecured loans as well [...]
American Consumers Opening Fewer Credit Cards: New Yorkers have the most Open Plastics
A recent study that was printed by Experian credit bureau shows that in the last three years consumers throughout the country opened 26% fewer new credit card accounts. The study found that most Americans consumers have become more budget and credit-conscious. The credit monitoring bureau reported that the published information is taken from consumer credit [...]
Government Said Get Your Free “Free Annual Credit Report “ at AnnualCreditReport.com
There are countless of business who right now who offers ‘FREE’ annual credit report in the web despite the fact that the government already passed a law that allows consumers to receive a free annual credit report to federal office. FTC strictly implemented the resolution that there is only one place that citizens can go [...]
Some Americans Choose Cheap Car Insurance to Save Money
Due to economic recession that resulted in bad credit, deep debt, and poor market, most Americans are in quest to find any possible way to save their hard earned money. American consumers found that through cheap car insurance consumers will get a cheap but quality auto insurance to protect themselves against losses as a result [...]
NY Fed May Tell Banks to Buy Back Bad Mortgages
The Federal Reserve Bank of New York may tell some banks to repurchase past-due home loans that back some of the securities it holds. This aid action would boost the value of the institution’s combined Maiden Lane portfolio which an average $67.4 billion in assets in the week ending July 28, according to Reuters reported. [...]
Car Loan for People with Bad Credit
Based on the recent research study conducted by independent research firm shows that more than 90% of people who buy a new or even used car is paying through loan. It is pretty uncommon to happen, and since car loan lender have a stringent policy in lending loans, only people with good credit history meet [...]
Low Income Consumers Prefer to Use MasterCard Debit Cards
A lot of information show up that suggests credit unions that lower income members may take a deeper hit from the upcoming restrictions on debit card interchange than credit union’s with fewer lower income members. MasterCard Worldwide released a publication that indicates that low income cardholders and people with low credit score use their debit [...]
FTC Warned Website who Offers ‘FREE’ Credit Reports
The Federal Trade Commission (FTC) send out warning letters to 18 websites that offers free credit reports that they must clearly disclose that a free report is available under federal law. The FTC’s recently revised and strengthened Free Credit Reports Rule, effective since April 2, 2010, requires certain disclosures to help consumers to easily distinguish [...]