Credit score

auto financing and consumer lending through the use point of sale (POS) while U.S. commercial banks focuses more on credit cards and mortgages. In Europe mortgages tend to have a fixed rate which is one of the reasons SCF does not focus much on this sector due to the low revenue potential. Many of the European markets that SCF operates in don’t rely or believe on the use of credit cards this is unlike the U.S. were consumption patterns are higher and most Americans have double the amount of…

having good credit is one of the most crucial essentials next to rent, food, and utility bills; and since I have a poor credit score, I must restore my credit while in college to achieve a 700 by the time I graduate. Credit scores range from 300 to 850, and a good score is usually higher than 670 which came to know working with my previous employer, MyFICO, who provides consumers with their true credit score and report in addition to educating consumers on repairing and rebuilding their credit.…

You probably heard the terms secured loan and unsecured loans and wondered what exactly is the difference between these two types of loans? You probably ask yourself, which is the best one to choose when shopping for a loan. If this sounds like you, here are some tips to help you understand the difference between these two loans. Secured loans have an asset or some sort of collateral attach to the loan such as a car or home that you own. The financial institution that you use to acquire the…

First of all, the flow of information is far from perfect in financial market compared to other markets. Asymmetric information can occur between credit suppliers and credit demanders.…

long-term impact of having a bankruptcy on their credit history. While bankruptcies do stay on your credit report for up to 10 years, they don't necessarily represent the end of credit for you. The Gil Law Firm, a Dothan bankruptcy attorney serving clients in Alabama, Georgia, and Florida, explains the long-term consequences of filing for bankruptcy. In the immediate aftermath of filing for a bankruptcy, you'll see a sudden drop in your credit score, which may fall by up to 220 points. It may…

individuals who are either unemployed, have low income, or are in the process of recovering from bad credit, are pondering about ways they can leave their current checkered state and attempt to re-enter the world of home ownership. In addition to getting hit by the foreclosure crisis, according to Les Christie from CNNMoney, some ex-homeowners who were in the process of rebuilding their credit score got hit again by their lenders who have decided to seek and collect foreclosure debt, disallowing…

Debt validation is a powerful credit repair tool, but like many credit repair techniques it must be approached properly to get the optimal outcome. When done right debt validation can provide wonderful results including proof that the collector has the legal right to collect and an accounting of the amount due. And there are many cases when the collector, unable to provide the documentation required, will quietly vanish from your life. Respond to Collection Letters Quickly Collection letters…

The lending option that we are going to discuss is the credit union mortgage. In an article in Forbes magazine written by contributors by Trulia, they discuss the pros and cons of taking the credit union mortgage option. The first point made in this article is that credit unions have historically offered lower mortgage rates. This means that your interest rate is going to be lower and you will be saving thousands…

Personal Financial loans With Bad Credit: How to Win Acceptance Fast It can be challenging securing approval on an individual bank financial loan with a bad credit ranking score, especially when it comes to the more traditional creditors. Preventing a situation where the financial loan shows to be a strain on financial situation is recommended, so it is essential stay up with the choices out there. The fact is that not all creditors charge high attention levels. There are cost-effective choices…

rates continue to be low, there are many buyers not able to qualify for home loans. Past credit histories, student loans, and other issues pose roadblocks that are difficult to overcome. However, one option buyers can use to finance a home is an FHA loan. If you've been told you don't qualify for a conventional loan, it may be time to carefully explore the many advantages of an FHA 203(b) loan. Credit Scores, Down Payments, and Qualifying for a Mortgage in Today's Market Conventional mortgages…