Credit News Roundoup, Jan. 27, 2008
In today’s credit news roundup: Owing more on your car than it is worth; Teaching teenagers financial responsibility; How to pick the right credit card; How to safeguard your credit in a divorce
Archive for January, 2008
Credit Cards Sock Late Payers With Default Rates Of 30% Or More
Faced with mounting account delinquencies, major U.S. banks are penalizing credit-card customers late on payments by hiking their accounts to maximum default interest rates of 30% and more — even those with good credit records.
Find $730 in your own home!
Yesterday, on January 1, 2008, I found $730…! Seven-hundred-and-thirty dollars!
10 Easy Steps To Financial Health
10 simple steps to repair or upgrade your financial health.
Home Buyers Face Growing Scrutiny as Lenders Tighten Standards, Look Beyond Credit Scores
The mortgage mess that has grabbed the attention of politicians, economists and investors has also altered the loan options available to borrowers. Mortgages that require no down payment or no verification of income or assets have fallen out of favor.
How FICO Credit Score changes will affect your credit standing
Fair Isaac Corp., creator of the popular FICO credit score used by most lenders, says its new scoring model will do a better job predicting the likelihood of a borrower defaulting on a loan.