People are resorting to credit cards and unsecured personal loans to cope with the bite of high inflation, new data shows — all while borrowing costs rise and the U.S. Read more
Tag: Personal Credit Score
8 signs you need a new credit card
There’s no such thing as a universal best credit card. The right card for you depends on your lifestyle, your goals and your credit history. For instance, if you’re looking Read more
How last year’s housing market affected mortgage denials and what Fannie Mae, Freddie Mac using alternative credit scores means for potential homebuyers
Hi, MarketWatchers. Don’t miss these top stories. Fannie Mae, Freddie Mac to use alternative credit scores — what that means for potential homebuyers The federal government has approved two credit Read more
Fannie Mae, Freddie Mac to use alternative credit scores: What it means for homebuyers
NASHVILLE — The federal government is expanding how it collects credit scores, which may allow more Americans to potentially buy homes. The Federal Housing Finance Agency on Monday announced at the Read more
If you believe these common myths, it could be hurting your credit score
This article is reprinted by permission from NerdWallet. Financial misinformation is rampant, and it could be hurting your credit score. A new NerdWallet survey finds that Americans hold many misconceptions about their Read more
Treasury Secretary Janet Yellen says U.S. economy ‘has failed to live up to the nation’s promise of equal opportunity for all’
The Biden administration announced a slew of new efforts to further racial economic equity during the annual Freedman’s Bank Forum in Washington, D.C. Tuesday. The forum, acknowledging the history of Read more
Biden’s $10,000 student-debt cancelation is a game-changer for borrowers’ wallets — but will it help their credit scores?
At a time of record-high borrowing costs and rising prices, people need all the help they can get from their credit scores. TransUnion — one of the country’s three major Read more
How to save $50,000 over your lifetime — and win the battle against inflation
Here’s a potential inflation hedge to save money in a time of rising costs and interest rates: a rising credit score. People with “very good” credit scores could avoid nearly Read more
Fannie Mae launches pilot program to include on-time rent payments in credit reports. Here’s why this could be a game changer for renters.
When tenants pay their rent on time, it largely fails to improve their credit scores, while homeowners reap the benefits of better credit by making their mortgage payments. That lopsided Read more
The number of millionaires will nearly double around the world by 2026 and the U.S. economy loses billions of dollars a year due to the sharp decline in refugee admissions
Hi, MarketWatchers. Don’t miss these top stories. Mark Cuban says Gen Z is the ‘greatest generation,’ and calls baby boomers ‘disappointing’ ‘Boomers are gonna go down in history as the Read more
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