Author Archives: admin
How to Pump Up Your Credit Score
A report from New York Times: ONE prescription for avoiding another real estate bubble is that banks tighten up mortgage requirements. Now, a new Federal Reserve report indicates that lenders have indeed been doing just that. A majority of banks are less likely to offer loans to people with a FICO credit score of 620 &hellip Continue reading
Spanish Bad-Loans Ratio Hits 17-Year High
A report from Wall Street Journal: By CHRISTOPHER BJORK And DAVID ROMAN MADRID—Bad debts held by Spanish banks rose to a 17-year high in March and the cost of insuring the debt of two major Spanish banks against default hit a record Friday a day after the sector was hit by a downgrade, underscoring the &hellip Continue reading
S&P Warns Hong Kong, Singapore Banks
A report from Wall Street Journal: By NATASHA BRERETON-FUKUI SINGAPORE—Hong Kong and Singapore banks would be resilient to a mild slowdown in the euro zone, but a severe recession could spur a jump in non-performing loans and a credit crunch, with European lenders likely to withdraw en masse, Standard & Poor’s Ratings Services said Thursday. &hellip Continue reading
US corporate credit risk expected to improve in 2012
A report from Reuters: By Shankar Ramakrishnan Wed May 16, 2012 10:01am EDT NEW YORK, May 16 (IFR) – Credit risk for US companies is expected to improve from the second half, based on a baseline stress test scenario that assumes US economic fundamentals will remain solid despite weak job numbers and continued higher oil &hellip Continue reading
What you don’t know about credit scores could hurt you
Paul Sakuma / AP A bad score could cost you a job or a loan. That’s why it’s so important for you to understand how credit scoring works. By Herb Weisbaum, The ConsumerMan Your credit score, which is based on your credit history, can have an enormous effect – positive or negative – on your &hellip Continue reading
How much can a bad credit score cost you?
A report from Examiner.com: We all know the key to financial success is having a good credit score. But if you have a bad one how much can that cost you? The Second Annual Survey of Consumer Credit Scores just released today by the Consumer Federation of America (CFA) and VantageScore Solutions found that over the &hellip Continue reading
Chesapeake credit downgraded, company boosts loan
A report from The Associated Press: Chesapeake credit downgraded, company boosts loan (AP) – 2 hours ago NEW YORK (AP) — Standard & Poor’s lowered Chesapeake Energy’s credit rating Tuesday, questioning how quickly the company could remedy its financial woes. Chesapeake shares dropped more than 6 percent to the lowest level since March 2009. The &hellip Continue reading
Lenddo uses social networks to give loans and improve credit
A report from VentureBeat: Lenddo, which helps people build credit with small loans and a social-based Klout-like scoring system, raised an $ 8 million first round of funding Tuesday. The brains behind Lenddo, co-founders Jeff Stewart and Richard Eldridge and chief scientist Dr. Naveen Agnihotri, think a person’s social graph can be a better indicator &hellip Continue reading
Credit scores confusing consumers
May 15, 2012 12:07 am Share with others: By Patricia Sabatini / Pittsburgh Post-Gazette Although consumers have improved their overall knowledge about credit scores over the past year, they continue to harbor potentially costly misunderstandings, according to a just-released survey from the Consumer Federation of America. Among the most troubling findings: A majority of consumers mistakenly believe &hellip Continue reading
Recession added debt, drained families’ savings
A report from USA TODAY: By Christine Dugas, USA TODAY Updated The economy may be improving but many American families are still weighed down by debt and without a safety net. Thinkstock One out of five families owes more on credit cards, medical bills, student loans and other unsecured debt than they have in savings, &hellip Continue reading