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Most Recent News in Credit Score News

  • Financial Trouble To Affect Thousands Of Temporary Employees

    by Sally Maison
    Financial Trouble To Affect Thousands Of Temporary Employees

    All the while investors are already celebrating for the upbeat economy for the past few days until recently. The world market is experiencing financial trouble due to the low unemployment rates lately. And the unemployed will further cause disturbances in the economic cycle if they persist on saving their cash rather than finding other work and spending more wisely. Private employers were reportedly hiring only 40,000 + employees according to the statistics for the month of May. This is a … (more) June 24, 2010

  • Recession Calls For Usual Spending On Goods And Services

    by Sally Maison
    Recession Calls For Usual Spending On Goods And Services

    With employment figures reduced to one-fourth of what it used to be last April, US stocks close lower starting last Friday. Another country, Hungary, reports that it is in the brink of a financial crisis and the world market is beginning to become volatile once again. One of the hardest hit stocks were those of retailers. Investors suppose that weaker job markets and high unemployment rates will most likely discourage people from spending on unnecessary items. This will compel consumers … (more) June 22, 2010

  • Government Intervenes To Lessen Home Loan Delinquencies

    by Sally Maison
    Government Intervenes To Lessen Home Loan Delinquencies

    More credits are now available from Freddie Mac for delinquent homeowners. With the effort to save people from facing foreclosure, the Federal Home Loan Mortgage Corporation is now repurchasing home loans which are at least 120 days late. Since the government will be spending on welfare and housing assistance for people who were displaced from their homes and who qualify for welfare, the government now wants to help these people in another way. Instead of just “curing” homelessness issues, Government … (more) June 20, 2010

  • Fannie Mae Rescues Homeowners From Foreclosure

    by Sally Maison
    Fannie Mae Rescues Homeowners From Foreclosure

    The government-controlled Federal National Mortgage Association announced last Thursday that mortgage portfolio for April has grown. FNMA, or more commonly known as Fannie Mae, made measures to reduce its number of serious delinquencies last March on single-family loans that were guaranteed under their company. The company tried to diminish the delinquency rate by repurchasing loans that were 4 months or 120 days delayed at least. In private lending companies, homeowners who were unable to pay for their mortgage within 90 … (more) June 18, 2010

  • Irregularities In Credit Management Hurt High Credit Score Holders More

    by Sally Maison
    Irregularities In Credit Management Hurt High Credit Score Holders More

    Every consumer knows that if a person is irresponsible with their credit usage and debt limit it will have severe consequences on that persons credit score. Consumers would like to know by how many points their credit scores are affected by changes in their credit report. FICO scores managed and marketed by Fair Isaac gave consumers a fair approximation of the changes expected in the credit points with regard to bad credit usage. Consumers who do not regularly repay loans … (more) June 16, 2010

  • Credit Scores may improve with new laws

    by Sally Maison
    Credit Scores may improve with new laws

    The passing of the Credit CARD Act of 2009 has put certain restriction on the management, marketing and use of credit cards. The younger section of society finds it harder to build credit with the new regulations. In order to maintain a more accurate credit report and to ensure steady development of credit scores, consumers are required to maintain credit to an acceptable level so as to receive loans from banks, money lenders, for employment and other purchases. Consumers in … (more) May 14, 2010

  • Companies Dread Performance Reviews

    by Sally Maison
    Companies Dread Performance Reviews

    Experts now say the best way to sabotage a company and its employees is by giving them a copy of the annual performance review. The review has been accused of destroying employee and employer relationship and cause disharmony at work places in the past. Performance reviews are merely a method to control employees. Most companies opt for this review as a mode of evaluation employees but fail to see the flaws in the review system. “It is the most pretentious, … (more) May 12, 2010

  • The impact of credit scores on your chances of getting a loan

    by Sally Maison
    The impact of credit scores on your chances of getting a loan

    Earlier money lenders depended upon their own considerations before lending money to the customers, but now, lenders have an easier way because of the available credit records of customers with the help of CIBIL. Be it your auto loans, home loans, credit cards or personal loans, the rates given to you would be based on your credit history. CIBIL has already expanded its wings in this space having a large number of people holding their credit reports. It is now … (more) May 10, 2010

  • Losing your credit score or losing your mind?

    by Sally Maison
    Losing your credit score or losing your mind?

    When people ask me what my credit score is, it usually makes me wonder why they do? And if your credit score needs to be improved, it usually means you have a very low credit score. Firstly, it is important to know the cause that made your credit score low. Some people cant handle credits so they prefer not accessing it in the first place. This id not about the people who couldn’t pay up their medical bills, or those … (more) May 8, 2010

  • Credit scores falling? Recent news on increasing it

    by Sally Maison
    Credit scores falling? Recent news on increasing it

    The days when banks blankly considered the applications of people to provide them with a loan even if the information was false, are gone.  The required rate to receive a good rate on mortgage was over six hundred, a few months before 2009.  Now, the score hiked up to 720 or more making it the ideal score. Anybody looking forward to get a credit card or a home loan must have this desired number at any cost to get the … (more) May 6, 2010