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: Rating Agencies
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
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
Equifax’s credit score errors added $154 to Florida woman’s monthly car loan payment, lawsuit alleges
A Florida woman says she’s paying roughly $150 extra each month on a car loan because Equifax’s recently revealed coding error allegedly sunk her credit score — and now she’s Read more
Equifax CEO’s reward amid report of inaccurate credit scores: a ‘special’ $25 million stock award
Equifax Inc. disclosed that it was giving its chief executive $25 million in a “special” stock award Tuesday, just hours after a report detailed inaccurate credit reports the company sent Read more
Nearly 25% of first-time homebuyers open a new credit card when they close on a home. Why that could be a really bad idea.
Nearly a quarter of first-time homebuyers are opening new cards within six months of buying a home, according to a new study. The study by Realtor.com and Experian, which was Read more
‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports on July 1. Will this help your credit score?
Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will improve people’s financial wellbeing. In a time of rising interest rates and Read more