credit scores

Millions of Americans are poised to take hits to their credit ratings as the Biden administration’s one-year moratorium on reporting late student loan payments to credit agencies will come to an end in just a few weeks. About 9.7 million, or 29%, of student loan borrowers in the U.S. were...

Credit scores might help add density to the somewhat depleted financial landscape of the cannabis industry, which has long struggled with access to traditional financial services as banks remain hesitant to offer loans, lines of credit or other support. With the launch of CTrust's Cannabis Trust...

The recent decision by the DEA to reschedule cannabis to Schedule III has triggered notable volatility in the market valuations of multi-state operators (MSOs). According to Viridian Capital Advisors' latest weekly credit report, the MSO index surged by 25% immediately after the announcement,...

Credit card issuers want accurate ways to assess risk while opening credit lines to potential new customers. The credit scoring system they choose plays a huge role. In recent years, both the VantageScore and Fair Isaac Corporation (FICO) systems have released newer versions expected to help...

Identity thieves aren't going to open any accounts in your name because you already applied either a credit freeze or a credit lock to your account with all three of the major credit reporting agencies (Experian, Equifax and TransUnion). Smart move. But lenders also can't access your...

The recent massive security breach at Equifax Inc. (NYSE: EFX) exposed sensitive financial information of roughly half of the entire population of the United States. Equifax is one the three major for-profit companies that compile financial information to provide reports on consumer credit...

According to ValuePenguin, credit scores in the United States are standing at an all-time high, with the average FICO score at 695 (scores range from 300 to 850). Scores fall into sub-ranges, or buckets, within which borrowers categorize borrowers to assess the level of risk associated with...

The financial crisis of 2007–2008 isn't necessarily a distant memory in many people's minds. It is, however, a long enough period for credit reports to purge negative entries for more than half a million potential home buyers. Bloomberg, citing data from the Federal Reserve Bank of New York,...

It’s a natural instinct to want to help those we love, particularly if we are in a position where that financial assistance is feasible. However, it’s often inadvisable to loan money to friends or family, and even more imprudent to co-sign on a debt. Keep in mind, that is exactly what...