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Millions Of Americans Just Took A 100-Point Hit To Their Credit Score — And It Could Get Worse As Student Loan Collections Resume
Tuesday, June 17, 2025 - 9:20am | 498Millions of Americans are witnessing a decline in their credit scores as the U.S. government recommences the collection of missed student loan payments. What Happened: The U.S. Department of Education has restarted the process of collecting overdue student loans, a move that has led to a drop...
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Boeing Isn't Junk Status — Yet: Moody's Outlook On Aircraft Maker Goes Negative
Wednesday, April 24, 2024 - 5:27pm | 611Boeing Co.'s (NYSE:BA) problems continue as Moody's Ratings downgraded the plane-maker’s credit score. What Happened: Moody’s lowered the score on Boeing's unsecured debt to Baa3 from Baa2, according to a report published Wednesday. Ba2 is the lowest possible investment-grade rating....
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Improving Credit Score Is A Long Process That Requires Patience And Discipline — But These 6 Proven Strategies Can Speed Things Up
Wednesday, April 24, 2024 - 10:29am | 1069Looking to give your credit score a much-needed boost? Whether you’re dreaming of a new home, a nicer car, or just seeking the peace of mind that comes with financial flexibility, improving your credit score is pivotal. Luckily, boosting your credit score can be quicker than you think. Here...
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The Credit Question: How Big Of A Role Does A Credit Score Play In Small Business Lending?
Monday, April 1, 2019 - 10:38am | 918For many small and medium-sized businesses, concerns over credit and the terms of a loan often stop the search for financing before it even begins. That reticence could also stifle plans to expand operations, invest in capital expenditure, or improve employee salaries. But what if your business...
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How A Low Credit Score Can Raise Your Insurance Premiums
Monday, September 24, 2018 - 3:20pm | 824Your credit score affects many aspects of your financial life. It affects your ability to qualify for loans and credit cards, and the interest rates that you'll pay if you do qualify. It may affect your credit card limits, rental fees or deposits, utility services, and cell phone/cable bills....
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Americans' Credit Scores Got A One-Time Boost: Here's Why
Wednesday, August 22, 2018 - 11:52am | 607In April, we reported on the upcoming rise in credit scores thanks to the National Consumer Assistance Plan (NCAP). The NCAP was created by the three major credit bureaus (Experian, Equifax, and TransUnion) as part of a settlement with state attorneys general. The NCAP objectives and other actions...
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Your Low Credit Score Could Cost You $45,000
Thursday, August 16, 2018 - 1:27pm | 735Your credit score is one of the primary items that lenders check when they consider loaning you money. A lower score means greater risk, and lenders will charge you a higher interest rate because of that difference — but how much could it cost you over the lifetime of a loan? According...
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How Car Shopping Can Lower Your Credit Score
Thursday, June 28, 2018 - 4:56pm | 773Congratulations! Your shopping has paid off and you've finally found an excellent car at a reasonable price. Now, how do you plan to pay for it? Dealers will be happy to arrange financing for you. Simply fill out and sign a loan application, and the Finance and Insurance manager will...
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Add Boosting Your Credit Score To Your New Year's Resolutions
Wednesday, January 10, 2018 - 1:19pm | 1052Self-improvement is on the minds of many for 2018, whether it be spending more time with family and friends, getting fit and healthy, learning a new hobby or boosting credit scores. That last one isn't on your list of resolutions, eh? Keep reading to decide whether you should make it a priority...
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Apple Users Have Higher Credit Scores, Get Better Rates Than Android Fans
Friday, February 10, 2017 - 1:04pm | 375The Android versus Apple Inc. (NASDAQ: AAPL) debate can carry on indefinitely, as both sides have their share of loyal customers. However, "team Apple" can claim a victory, albeit a smaller and essentially meaningless one, as they are in some ways better off financially. Lendingtree Inc (NASDAQ:...
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How Retirees Should Handle Credit
Monday, November 2, 2015 - 11:45am | 879Credit is like muscle – the more efficiently you use it, the better it is; the more you abuse it, the more you lose it. And unfortunately, there is a misconception that if your credit is bad once you retire, you are financially sunk. However, that is not the case. While it may seem...
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How FICO's New Credit Score Changes Will Impact Individuals
Wednesday, October 1, 2014 - 8:37am | 865There’s one number that you should keep actively keep track of – arguably even more so than your weight. It’s your FICO score. Why? Because the higher your score, the more attractive you look to lenders. Even if borrowing is not on your mind today – eventually it will...
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New Year, New (Financial) You
Tuesday, January 10, 2012 - 11:44am | 7527 things you should do for your financial health in 2012. 1. Invest in yourself. Stop slapping yourself on the wrist for those small indulgences like latte and nail polish. Treat yourself to the smaller things and you’ll be a happier, more productive person in the long run. Remember...