By: Jim Henry
photo credit: angela stack
Most still get approved, but even prime-risk customers are having a harder time getting auto loans approved in the current credit crisis.
That’s according to CNW Marketing Research, which said that the share of auto loan applications that got final approval dropped for all three of the main credit-risk categories [...]
High credit scores may be more important than income when it comes to mortgage lending. This article exerpt from the Honolulu Star demonstrates the trend.
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Rates haven’t dropped enough for some. Tightening credit score standards and falling home values have eliminated others. And there’s the group that’s still waiting for rates to fall more. Some analysts [...]
Here is an example of terrible credit repair advice from the Independent, a major UK newspaper. In an article titled “If there’s a stain on your name, erase it yourself…” the paper said “Put simply, these firms do nothing more than you can do yourself with very little effort and at a fraction of the [...]
Femi Kassim
Even though many students are convinced they will never need a car, house, or any other large ticket item that may fuel the corporate machine, very unscientific polling suggests the time between graduation and panicking about credit is about five minutes. If you’ve read a newspaper in, say, the past year and a half, [...]
Earning better credit scores is as important to your wealth-building efforts as picking the right stock, bond or mutual fund.
John Ulzheimer is a nationally recognized credit expert and contributor to On the Money. Learn more at Credit.com or JohnUlzheimer.com.
We’ve seen some extraordinary events take place over the past two weeks. From banks merging to stalwarts [...]
