Credit Score Archive for July, 2010

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

  by Brian Anderson
  

  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

• Truths and misconceptions about credit score

  by George Hauser

  Credit score is not just a set of numbers. It is a factor that could affect some of your plans in the future. If you are planning of buying a car or maybe a house, then it is important that you start giving focus on your score.  Aside from buying a house or a car, your credit score is also a requirement when you are eyeing for a job that requires handling of money. Credit cards are not the only … (more) July 14, 2010

• Investors sought after for economic development

  by Brian Anderson
  

  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

• Good Borrowers Think like Lenders

  by Sally Maison

  Lenders look on different factors before they approve on a person’s loan or mortgage application. One basic and large factor that they check on is your credit history. One way to maintain a good credit history and let only positive reports be reflected on your credit report is understanding how money works. Reading books that talk about money will help you keep your finances on track. You’d be bale to get a lot of information about what to do and … (more) July 12, 2010

• Asian banks protect local economy against foreign market volatility

  by Brian Anderson
  

  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
  

  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

• Things that Could Affect Your Credit Score

  by George Hauser

  Having a good credit history could be our ace when we are considering of buying a house, a car or any other properties. It could make it very easy for us acquiring a loan to finance what we are planning to purchase. Not all of us though have a good one and are knowledgeable on how to maintain an impressive score. Now, if you’re trying to work out on it, you may want to consider following the tips and … (more) July 8, 2010

• Weak labor market affects US retail industries and home ownership

  by Brian Anderson
  

  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

• Mistakes that Could Hurt Your Credit Score

  by Sally Maison

  We all commit mistakes sometimes but when it comes to our credits, we can’t. We may not realize but simple mistakes could lead to great damages. If you think that several inquires on your credit report from different companies would not hurt you, then you’re wrong. Several hits on your report obviously mean that you are searching for several loans at once or may have been rejected by others. This is will not do good on your credit score. Be … (more) July 6, 2010

• Consumers puzzled with the real state of the US economy

  by Brian Anderson
  

  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