The Way Credit Scores Are Calculated Is Changing, And Millions Of People’s...
A change in the way credit scores are calculated means almost 12 million people are likely to see their scores rise this year. Many kinds of long-overdue debts and unpaid taxes will no longer show up...
View ArticleDetroit ranks near bottom of country for lowest credit scores
(WXYZ) – A new study from credit-monitoring site WalletHub finds Detroit ranks near the bottom of the list of cities for the worst average credit score. According to the site, the average credit score...
View Article2 Purchases to Never Put on Credit Cards
Hamilton:Instead of saying, OK, do I actually have the cash to pay for that new TV? So what I should say is [a] big-ticket purchase — ensure youve got the money to pay for it, and then think about...
View ArticleLake Zurich residents’ credit scores
Village of Lake Zurich officials are touting a survey showing residents rank highly nationwide when it comes to credit ratings. In a news release, the village noted a just-released WalletHub report...
View ArticleMortgage Preflight to dish legitimate buyer lead credit scores in minutes
Prospects are often lost to real estate agents when wanna-be buyers walk into the office door or visit open houses without being pre-qualified by a lender.Agents don’t like to show houses to people who...
View ArticleCredit scores about to get less reliable, leaving lenders on hook
Credit scores are about to acquire a big blind spot, and mortgage lenders worry theyll be on the hook for bad loans they made while relying on inflated scores. On July 1, data on tax liens and civil...
View ArticleThe Nation’s Housing: Online credit scores may be better than what …
By Kenneth R. Harney / Washington Post Writers Group When is your “credit score” irrelevant in buying a house or refinancing a mortgage? A new federal legal settlement with a major credit bureau has...
View ArticleFreddie Mac streamlines assessments for homebuyers without credit scores
Dive Brief: Freddie Mac has introduced an automated process that replaces mortgage lenders’ current manual underwriting procedures for borrowers without credit scores. Automated assessments will make...
View Article5 Ways Veterans Can Strengthen Their Credit Scores
These circumstances can lead to financial mismanagement, which can negatively impact veterans’ credit scores. A survey by the National Foundation for Credit Counseling found that 58 percent of veterans...
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