All Entries Tagged With: "bad credit"
Must Have 500 Credit Score to Obtain FHA Home Loan
In the second quarter this year the Federal Housing Administration (FHA) recommended some new proposal guidelines to be able to be qualify for HUD government assistance. A very controversial topic over the last several years has been the minimum credit score to get qualify for the FHA loan. In the FHA proposal, the housing department [...]
General Motor Acquire AmeriCredit: Subprime or Bad Credit Loan will be a Problem for the GM?
Everyone within the entire subprime loan industry is fully aware about the plans of the General Motors in purchasing AmeriCredit. AmeriCredit is insurance company that was recognized for offering car and vehicle loans to those who have bad credit or subprime. This is the same GM that filed bankruptcy recently and spun off Ally Bank [...]
Credit Card Debt Continuously Escalating
Credit card seems to be the most efficient way to buy goods and other products instantly, no worries nor hassles about carrying cash. And this is the primary reason why most people use their plastic cards even in their daily purchases. Unfortunately, this is a bad habit and a poor way of using credit cards, [...]
Capital One Setting Aside Less Money to Cover Bad Loans
Capital One Financial Corporation, American bank holding company which specialized in credit cards, home loans, auto loans, banking, and savings products, recently announced that they were setting aside less money for bad credit loans, which includes ad credit unsecured personal loans, as customers are trying their best to clean up their personal finances. However, the [...]
FICO Report Indicates Americans’ Credit Scores Drops Below 600
The Fair Isaac Corporation or most known as FICO credit scores, which are sold directly to consumers using Equifax and Transunion, are dropping each and every month. The figures provided by FICO Inc. indicates that 25.5% of consumers, or nearly 43.4 million people, now have a credit score of 599 or below, marking them as [...]
American Express Net Nearly Triples Profit By Denying Bad Credit
Last Thursday American Express Co. reported second-quarter earnings that tripled from its previous profit gained. The New York-based credit card company and payment network reported net income of $1.02 billion, or 84 cents per share which was ahead of analysts expectations of 78 cents a share. This is a huge profit development compared to the [...]
Car Loans For Those Who Suffer From Bad Credit
Of course, if you have a bad credit score it is likely more difficult to grab a cheaper car loan, but with the help of today’s bad credit car financing online can help you find the best deal for buying your new car. Car financing websites will probably help you to shop for a new [...]
Today’s Mortgage Rate Still at Record Low
Those people interested in the current mortgage rates and financial situation of the nation are fully aware on the current status of these issues. With mortgage refinance rate moving slowly towards all time lows it’s no surprise to see a lot of American homeowners comparing mortgage interest rates on daily basis. With home loan rates [...]
Peer-to-peer Lending Provides Help with Debt Consolidation
Due to global recession and continues jobless rate increase, a lot of banks are being much more careful about lending money to their patrons. As a result of these huge banking and finance changes, some individuals may find it difficult to acquire loans for things like debt consolidation from these traditional sources. However, the latest [...]
Debt Consolidation Loans for Customers with Bad Credit History
As some banks shutdown some of its branches the debt consolidation loans may be quite difficult to acquire. Because of bank mergers, Wells Fargo and other banks closed some of their branches and consolidated their departments. However, there are various available alternatives to both homeowners and people who do not own a home. The government [...]
