Category: Credit

October 18, 2018

After successfully pushing in 2016 for the departure of the CEO of beleaguered U.S. bank Wells Fargo & Co. (WFC – Get Report), Democratic Senator Elizabeth Warren of Massachusetts is now gunning for another. In a press release Thursday, Warren […]

October 9, 2018

You may not think the number of words in an email subject line says anything about you, but at least one company is betting that the metric can help determine your likelihood of paying back a loan. LenddoEFL, based in […]

October 9, 2018

American Tire Distributor reached an agreement with a majority of its term loan holders to support its restructuring support agreement, which would reduce the company’s debt by approximately $1.1 billion and increase its financial flexibility as it continues its ongoing […]

September 28, 2018

The lock/unlock feature will allow customers to quickly lock or unlock their credit card right from their phones through the Chase Mobile app or by computer via chase.com to instantly block new purchases, cash advances and balance transfers. Once the […]

September 25, 2018

U.S. Bank created a new, fully digital option for small businesses to apply for and receive a loan or line of credit. The digital process is part of a broader evolution of how the bank interacts with customers. Single-owner businesses […]

September 24, 2018

Americans’ credit scores are higher than ever. The average FICO score, a widely used credit rating named for the Fair Isaac Corporation, is now 704. It hit that number in April 2018, according to a report from FICO released Monday, […]

September 21, 2018

Stein Mart extended and amended its existing revolving credit agreement with Wells Fargo and its term loan agreement with Gordon Brothers Finance Company. These agreements are coordinated through an intercreditor agreement and provide for combined borrowing availability of $275 million. […]

September 17, 2018

HighPoint Resources entered into a new amended and restated credit agreement for its revolving credit facility, extending the maturity date by more than three years to 2023 and increasing the borrowing base and commitments by 67% to $500 million. The […]

September 14, 2018

Your credit score isn’t an arbitrary three-digit number. It’s based on a summary of your history with credit — and it sends a strong signal about how you’re likely to handle new credit. Your credit history can directly impact what […]

August 14, 2018

Here’s one reason to put your avocado toast and poke bowls on credit — if you can pay them off in full, of course. There’s a revamped Capital One COF, +1.59% card on the market aimed at foodies that will […]