The number of people entering into strategic defaults, or walking away from a mortgage when advantageous to do so, is starting to decline.
Tuesday, May 31st, 2011 by
By Peter Stone
Credit rating bureaus have a V.I.P. list for preferential treatment when it comes to error corrections.
Tuesday, May 17th, 2011 by
By Ron Ford
Strategic default has been discussed more during the housing recession, and the people who do it are generally more financially savvy.
Monday, April 25th, 2011 by
By Peter Stone
Millions of people every year fall short on various bills and lose credit points. Payday loans are a no credit check option that can ease the pain.
TransUnion reports that during the final three months of 2010, delinquencies and the national average debt for credit cards declined.
Thursday, February 24th, 2011 by
By Peter Stone
Experian, the credit bureau, is adding rent payment history to its formula for calculating credit scores, which is good news for many people.
Tuesday, February 15th, 2011 by
By Peter Stone
The average interest rate for credit cards is at its highest point in more than a decade. Base rates are being raised thanks to the CARD Act.
Thursday, February 3rd, 2011 by
By Peter Stone
Are installment loans online safe and secure? Is applying a big hassle with tons of hoops to jump through? We have the facts you want to know.
Fannie Mae and Freddie Mac are raising risk fees for mortgage loan lenders, making it that much harder for Americans to purchase homes.
Wednesday, February 2nd, 2011 by
By Peter Stone
A provision of the Dodd Frank financial reform act takes place regarding credit scores and reporting this year. It's a good change to know about.
Tuesday, January 11th, 2011 by
By Peter Stone
Getting an affordable mortgage doesn't have to involve good credit scores, high down payments and 30-year terms ...
Tuesday, December 21st, 2010 by
By Thomas Hart
Credit checks can hurt your credit score and providing collateral for a loan is an unneccessary risk which can be avoided.
An increase in subprime auto lending and decrease in default signals a thaw in credit standards and increased sales for the auto industry...
Tuesday, December 7th, 2010 by
By Thomas Hart
The real estate market is at its most anemic in years. The only credit left for many are small loans like payday loans and cash advances.
Friday, November 12th, 2010 by
By Payday Loan Advocate
Many wonder why banks or credit unions don't offer a loan until payday, like a payday loan lender. The reason why is simple. They can't.
Sunday, October 31st, 2010 by
By Peter Stone
Traditional loans require a credit check which puts a hard inquiry on your credit report which in many cases lowers your overall credit rating.
Subprime loan credit, like payday loans, will always exist, and it is best to keep credit legal and available so demand can be met safely.
Tuesday, October 19th, 2010 by
By Payday Loan Advocate
People go to payday lenders because they can get loans not available at any bank. Especially because there is no credit check involved...
Sunday, October 3rd, 2010 by
By Peter Stone
Financial Football is an online game that blends personal finance and the gridiron; Saints quarterback Super Bowl MVP Drew Brees endorses it.
Wednesday, September 15th, 2010 by
By Thomas Hart
Everyone finds themsevles in a budget crisis from time to time and short term loans are only the answer in some circumstances when used wisely.
A person could think that the middle class suffer more in recessions. Some very wealthy people are actually losing homes to foreclosure.
Saturday, September 4th, 2010 by
By Peter Stone
As banks minimize risk, credit card limits are being cut without warning customers -- a practice that will damage even good credit scores...
Friday, August 13th, 2010 by
By Thomas Hart
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