Term: bad credit
9 found

Most Americans Have Bad Credit, Study Finds

By Steven Shaw on 2/2/2015

Most Consumers Have Subprime Credit, Report Says

For all the headlines about the improving economy and record-low mortgage rates, most consumers aren’t in a position to benefit from them, according to a report from the Corporation for Enterprise Development (CFED). 

The study found that 56% of consumers have subprime credit scores. That means they are unable to take advantage of the best — or even average — interest rates if they need or want to borrow money. The very best rates and terms go only to people who have excellent credit.

bad credit
Home Loan
mortgages
subprime credit scores

How to Make the Most of Your Bad Credit

By Steven Shaw on 11/19/2014

It’s getting so a bank can’t make a decent buck these days.

How to Make the Most of the Credit You Can Get

The New York district attorney’s office recently subpoenaed Capital One Financial Corp. for its subprime auto lending practices. The bank joins Santander Consumer USA Holdings and Ally Financial (formerly General Motors Acceptance Corp.), institutions that are likewise under investigation by other law enforcement and regulatory agencies

bad credit
personal loan

Does Bad Credit Last Forever?

By Steven Shaw on 11/6/2014

bad credit

 There’s no sugarcoating it: Going through foreclosure, bankruptcy or debt collection is unpleasant. When going through financial problems, it may seem like things are far from getting better, including your credit score, but having a few bad marks on your credit history doesn’t mean you’ll never bounce back. Eventually, negative items will age off your credit report, and you don’t have to wait for a clean slate to rebuild your credit standing.

bad credit
credit reports
credit score
rebuild credit

The True Cost of Bad Credit

By Steven Shaw on 5/6/2014

The True Cost of Bad Credit 

Life’s easier if you have good credit, financially speaking. It can be challenging to get to that point, but aiming for great credit is a worthwhile goal, considering how costly it can be to have bad credit.

bad credit
credit cards
Credit History
credit scores

How to Rent With Bad Credit

By Steven Shaw on 1/18/2014

rent with bad credit 

We’ve all heard about the importance of your credit scores when it comes to buying a home. But credit is important for renting as well. Some landlords won’t rent to people with low credit scores. This doesn’t mean you can’t rent a home or apartment, though. There are some ways to get around this and prove to a potential landlord that you can afford the home and will make payments on time.

bad credit
Co-Signer
Rent
Rent With Bad Credit
Renting

Haunted By Bad Credit? 5 Ways to Fight Back

By Steven Shaw on 10/31/2013

bad credit

Zombie debts that just won’t die. Judgments that haunt you for years, or decades even. Tax liens that block you from buying a home or financing a car. Medical debts that seem to come at you from all sides. Student loans that follow you to the grave.

free credit reports
bad credit
Bankruptcy
cease contact letter
credit report
credit score
free credit score
rebuild credit
rebuilding credit

5 Credit Myths to Ditch in 2013

By Steven Shaw on 1/8/2013

5 Credit Myths to Ditch in 2013

When one year ends and another begins, it’s hard not to look ahead and strive to do better. And when it comes to credit, we’re definitely creatures of habit. We resolve to spend less, but open store credit cards anyway. We vow to pay off debt, but only put down the minimum due. We aim to turn our credit around and boost our scores — and while we might think we have a handle on how the system works, we might actually have some misconceptions about credit that can keep our goals out of reach.

So what should you do? We asked Credit.com expert Barry Paperno to highlight five popular credit myths to ditch in order to help everyone get a better handle on their finances.

"credit score"
bad credit
credit
Credit Card Debt
credit cards
credit scores

Auto Lenders lower Credit Score requirements

By Steve Ely on 12/11/2012

Auto Lenders continue to lower the credit score requirements for people looking for a new or used vehicle.  If you don't have a credit score, you can use eCredable and get a loan from RoadLoans after you earn an A or B AMP Credit Rating.

"credit score"
alternative credit
auto loan
bad credit

Credit Unions Stay The Course During Auto Loan Surge

By Susan Cataldo on 8/6/2012

The Washington Post recently discussed a new phenomenon occurring throughout the auto loan world—a boost in auto loans for all borrowers, even those with sub-prime credit ratings.  Credit unions across the country are feeling the auto buying love.  Many report seeing a spike in overall auto loan demand and are loosening their underwriting requirements on borrowers, regardless of creditworthiness.

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