Those crucial credit scores — the three-digit numbers that enable consumers to get a credit card, auto loan or mortgage — are increasingly being offered for free by lenders and…
There is a difference between the run-up in household debt leading up to the financial crisis of 2007-2009 and this current buildup over the past three years, which is being fueled by student debt and auto loans.
The average American’s credit card balances total $5,551, representing 30 percent of their total credit limits, according to Experian’s annual report, State of Credit 2016. Experian’s report found that baby…
“Nonprime Americans” — those with credit scores below 700 — are likely to be hit harder financially, and more frequently, by unexpected expenses such as a major car repair or health emergency like a broken arm.
When it comes to pending home sales, a loan that can’t be secured or an inspection that returns red flags could kill the whole deal. The “home sale fail” rate…
Make sure checking your credit report is the first thing on your list of financial resolutions, especially if you’re planning to buy or refinance your home, buy or lease a car or truck, or take out a major loan for personal or business reasons.
Credit-reporting agencies Equifax and TransUnion will pay a total of more than $17.6 million in restitution to consumers, and fines totaling $5.5 million, for deceiving customers about the cost and usefulness of credit scores and other products they sold.
There are other much more subtle practices that could lower your credit score, and you may not even know it.
The average credit score for home buyers increased 5 points year-over-year between the third quarter of 2015 and third quarter of 2016, rising from 734 to 739, according to latest CoreLogic Housing Credit Index.
A new analysis from CoreLogic found that renters with student loan debt have higher average credit scores than those without.