How much do credit scores cost in 2014, and will consumers ever have access to totally free scores with no strings attached? Here’s an updated look at recent prices and developments from the consumer reporting and scoring industries.
The Home Buying Institute offers hundreds of mortgage and home-buying articles, with new lessons coming online every day. But one topic reigns supreme when it comes to traffic and readership. It has to do with home buyer credit scores. Specifically, it attempts to answer the question: What score is needed to buy a house? Clearly, […]
Credit card news for April 18, 2013: According to an industry report, the average APR across all types of cards in the U.S. was 14.95%. The average rate has been hovering at this level for nine consecutive weeks with no change. This stability is partly the result of actions taken by the Federal Reserve.
Credit repair companies do a tremendous amount of advertising. In these ads, they often make bold promises to remove all blemishes from your credit report. In truth, there’s nothing they can do that you can’t do for yourself — for free. Here are five more things these companies don’t want you to know.
In a recent interview, Mark Zandi from Moody’s Analytics said that most mortgage were lenders requiring FICO credit scores of 750 or higher on home loans. That number sounded a little high to us, so we did some digging. As is turns out, many lenders actually use 640 as a minimum FICO requirement. As the expression goes, don’t believe everything you hear on the radio.
Visa wanted to know how much consumers know about their credit scores. So they conducted a phone-based survey of more 1,000 people. As it turns out, there is widespread confusion about which factors determine a person’s credit score, and which factors do not. This article is our attempt to clear up some of the confusion.
Bad credit auto loans seem to be making a comeback. They all but dried up during the economic crisis that started in 2008. But now, more lenders are willing to offer financing to borrowers with shaky credit. This is based on a recent market analysis conducted by Experian Automotive. Of course, these borrowers will pay for the ‘privilege’ of getting a loan, in the form of higher interest charges.