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Most Recent News in Credit Score News

  • 80% of Fannie and Freddie now owned by US taxpayers

    by Brian Anderson
    80% of Fannie and Freddie now owned by US taxpayers

    US taxpayers better demand for approval of their home loan applications. After all, both the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association are 80% owned by the taxpayers now. Yet, because they are government-owned loaning institutions, the stricter guideline in securing a home loans are generally gone. And though this might sound like a good thing for the people who do not have that good a credit score, it creates a threat to the financial security … (more) July 15, 2010

  • Investors sought after for economic development

    by Brian Anderson
    Investors sought after for economic development

    During the time wherein people are fearing worldwide recession from happening again, different countries try hard to restore the confidence of investors in their respective regions. Since most of the national development is being brought about by major investments in countries, countries are becoming all the more competitive in securing major investors from settling int heir country instead. Most multinational companies pick China among other Asian countries when thinking about where to create their Asian business base or factory. This … (more) July 13, 2010

  • Asian banks protect local economy against foreign market volatility

    by Brian Anderson
    Asian banks protect local economy against foreign market volatility

    Local banks in Asia are now trying to minimize the number of offshore borrowing and usage of foreign currency for transactions where local currency can instead be used. South Korea, is particular, is going the extra mile to prevent any of the past financial turmoils from happening again in their country. Their government of South Korea found out that the reason for the past economic problems lies in the surging capital inflow and outflow. Learning from experience, the government now … (more) July 11, 2010

  • Government explains to consumers the dynamics of spending and economic recovery

    by Brian Anderson
    Government explains to consumers the dynamics of spending and economic recovery

    A panic-ridden populace deals with the everyday horrors of economic volatility. Their best defense mechanism is to save as much money as they can so as to survive until the economic turmoil ends. Unfortunately, this kind of thinking is the worst that any person can adopt. To survive the bad economy, financial analysts’ advice spending the same way people did before difficulties in the economy were sensed. When reports about unemployment were released, these caused people to spend less because … (more) July 9, 2010

  • Weak labor market affects US retail industries and home ownership

    by Brian Anderson
    Weak labor market affects US retail industries and home ownership

    Following the report on the thousands of Census workers who will soon become unemployed after their contract expires, the effects of the weak labor market manifests in recent closing of the stock market. As unemployment rate goes up, the economic activity also surges. It may either go up or down depending on how industries are dealing with the money-saving tactics of the people. If the workers are not sure whether they will be able to hold on to their jobs … (more) July 7, 2010

  • Consumers puzzled with the real state of the US economy

    by Brian Anderson
    Consumers puzzled with the real state of the US economy

    With the economy in such turbulent waters nowadays, economists are having a hard time giving the right signal to US consumers. Giving out a thumbs-up will definitely increase the number of sales and transaction throughout the country. But, all the while, the consumers are more aware of how the economy has been faring lately. Despite not knowing the technicalities of the stock market, these people simply rely on their instincts to tell them whether it is a good time to … (more) July 5, 2010

  • Increasing one’s Credit Scores

    by Brian Anderson
    Increasing one’s Credit Scores

    To a person lost on ideas of increasing his or her credit score must not lose heart. Credit score advisers say there are quite several doable ways of increasing one’s credit score. However, credit advisers and experts warn consumers that there is no fool proof way of increasing credit scores. Accordingly, the best advice most worth following in increasing scores is to maintain a good credit history. Many people are misled to think that having a good credit history means … (more) July 3, 2010

  • Watch Out For Typical Credit Score Myths

    by Brian Anderson
    Watch Out For Typical Credit Score Myths

    According to credit and credit score experts, consumers must constantly update themselves of the trends and issues regarding credit scores. More importantly, consumers should be fully aware of the truths and mistruths about credit scores, especially those availing of credit cards for the first time. Consumers must take the responsibility of knowing the basic facts about credit and credit score. The lack of knowledge of such information apparently can lead to many inconveniences. One common myth, for instance, that consumers … (more) July 1, 2010

  • Paying Auto Loans On Time Will Save Your Credit Score

    by Sally Maison
    Paying Auto Loans On Time Will Save Your Credit Score

    Experian conducted a survey amongst auto loan consumers and their payment habits. The study found out that approximately 12% of the population has at least one delayed payment for an auto loan. With over 28% of the population availing of auto loans, we can deduce that more than half of those with vehicles on loan fail to pay their dues on time. And while it will not readily lead to bankruptcy or anything as serious, late payments will still take … (more) June 28, 2010

  • 411,000 Workers Face Loan Problems After Census Job Is Over

    by Sally Maison
    411,000 Workers Face Loan Problems After Census Job Is Over

    Of the 431,000 jobs that were offered by the government last month, 411,000 were for contractual census workers who will survey the whole population of US in a period of time. And consequently, after the job is done, this number will most likely be on the jobless list again. The sad news is that the number of job offerings is few compared to the demand for vacancies. Thus it creates an imbalance between supply and demand. The temporary workers are … (more) June 26, 2010