Showing 1 to 12 of 34 results
Record-High U.S. Credit Card Debt Fuels Demand for Safe Debt Consolidation Strategies
The total U.S. credit card debt has hit a record \$1.21 trillion, with an average of \$8,000 per cardholder, leading many to seek debt consolidation strategies; however, some methods can harm credit scores while others, like debt management programs or personal loans, offer safer routes to financial...
Record-High U.S. Credit Card Debt Fuels Demand for Safe Debt Consolidation Strategies
The total U.S. credit card debt has hit a record \$1.21 trillion, with an average of \$8,000 per cardholder, leading many to seek debt consolidation strategies; however, some methods can harm credit scores while others, like debt management programs or personal loans, offer safer routes to financial...
Progress
44% Bias Score
Mixed Signals for Home Equity Lines of Credit in August 2024
August 2024 presents a mixed opportunity for HELOCs, with low interest rates (8.13%) contrasting with a fluctuating housing market; homeowners' credit scores and local housing values directly impact borrowing limits.
Mixed Signals for Home Equity Lines of Credit in August 2024
August 2024 presents a mixed opportunity for HELOCs, with low interest rates (8.13%) contrasting with a fluctuating housing market; homeowners' credit scores and local housing values directly impact borrowing limits.
Progress
40% Bias Score
High Inflation Fuels Debt Crisis, Leading to Rise in Debt Settlement
High inflation has driven many Americans into deeper debt, leading to a rise in credit card balances and personal loans, prompting exploration of debt settlement as a potential solution despite associated risks.
High Inflation Fuels Debt Crisis, Leading to Rise in Debt Settlement
High inflation has driven many Americans into deeper debt, leading to a rise in credit card balances and personal loans, prompting exploration of debt settlement as a potential solution despite associated risks.
Progress
44% Bias Score
Home Equity Loan Rates Stalled: Prepare Now for Future Opportunities
The recent pause in declining home equity loan and HELOC interest rates, currently at 8.26% and 8.27% respectively, presents a strategic opportunity for borrowers to prepare by improving credit scores, comparing lenders, and deciding between loan types.
Home Equity Loan Rates Stalled: Prepare Now for Future Opportunities
The recent pause in declining home equity loan and HELOC interest rates, currently at 8.26% and 8.27% respectively, presents a strategic opportunity for borrowers to prepare by improving credit scores, comparing lenders, and deciding between loan types.
Progress
32% Bias Score
FHFA Allows VantageScore for Government-Backed Mortgages, Impacting FICO
The FHFA announced that lenders can now use VantageScore for government-backed mortgages, potentially increasing competition and lowering closing costs, causing a significant drop in FICO's stock price.
FHFA Allows VantageScore for Government-Backed Mortgages, Impacting FICO
The FHFA announced that lenders can now use VantageScore for government-backed mortgages, potentially increasing competition and lowering closing costs, causing a significant drop in FICO's stock price.
Progress
52% Bias Score
FICO to Include BNPL Loans in Credit Scores
FICO will include buy now, pay later loans in US credit scores starting fall 2025, impacting millions of borrowers; responsible use may improve credit, while late payments will negatively affect scores.
FICO to Include BNPL Loans in Credit Scores
FICO will include buy now, pay later loans in US credit scores starting fall 2025, impacting millions of borrowers; responsible use may improve credit, while late payments will negatively affect scores.
Progress
48% Bias Score
Mixed Housing Market Impacts HELOC Availability
Homeowners are considering HELOCs due to recent rate drops to 8.13%, but a mixed housing market and other factors could affect borrowing capacity; three key factors are home value, credit score, and interest rates.
Mixed Housing Market Impacts HELOC Availability
Homeowners are considering HELOCs due to recent rate drops to 8.13%, but a mixed housing market and other factors could affect borrowing capacity; three key factors are home value, credit score, and interest rates.
Progress
40% Bias Score
Rising HELOC Demand Meets Stricter Lender Requirements
Homeowners are increasingly seeking HELOCs due to rising home equity, but higher interest rates and stricter lender requirements are leading to more denials; alternatives include home equity loans, cash-out refinances, and personal loans.
Rising HELOC Demand Meets Stricter Lender Requirements
Homeowners are increasingly seeking HELOCs due to rising home equity, but higher interest rates and stricter lender requirements are leading to more denials; alternatives include home equity loans, cash-out refinances, and personal loans.
Progress
40% Bias Score
Court Blocks Rule to Remove Medical Debt from Credit Reports
A federal court struck down a CFPB rule designed to remove all medical debt from credit reports, leaving millions of Americans to contend with the negative credit impacts of unpaid medical bills and necessitating individual debt management strategies.
Court Blocks Rule to Remove Medical Debt from Credit Reports
A federal court struck down a CFPB rule designed to remove all medical debt from credit reports, leaving millions of Americans to contend with the negative credit impacts of unpaid medical bills and necessitating individual debt management strategies.
Progress
36% Bias Score
Proactive Steps for HELOC Borrowers Before Anticipated Fed Rate Cut
While a September Federal Reserve rate cut is anticipated, prospective HELOC borrowers should improve credit scores, shop around for lenders, and calculate repayment costs to secure the best terms before the rate cut takes effect.
Proactive Steps for HELOC Borrowers Before Anticipated Fed Rate Cut
While a September Federal Reserve rate cut is anticipated, prospective HELOC borrowers should improve credit scores, shop around for lenders, and calculate repayment costs to secure the best terms before the rate cut takes effect.
Progress
36% Bias Score
Preparing for Lower HELOC Rates: 3 Strategic Moves for Homeowners
A September Federal Reserve rate cut is increasingly likely, prompting homeowners to improve their credit scores, shop around for HELOC lenders, and calculate repayment costs to optimize borrowing terms before applying.
Preparing for Lower HELOC Rates: 3 Strategic Moves for Homeowners
A September Federal Reserve rate cut is increasingly likely, prompting homeowners to improve their credit scores, shop around for HELOC lenders, and calculate repayment costs to optimize borrowing terms before applying.
Progress
36% Bias Score
High Inflation Fuels Rise in Consumer Debt, Leading Many to Explore Debt Settlement
High inflation and elevated interest rates have caused increased consumer debt in America, leading many to explore debt settlement as a last resort; this process involves negotiating with creditors to pay less than the total owed, but carries risks like credit damage and fees.
High Inflation Fuels Rise in Consumer Debt, Leading Many to Explore Debt Settlement
High inflation and elevated interest rates have caused increased consumer debt in America, leading many to explore debt settlement as a last resort; this process involves negotiating with creditors to pay less than the total owed, but carries risks like credit damage and fees.
Progress
36% Bias Score
Showing 1 to 12 of 34 results