February 21, 2024
Via: Banking DiveOn Valentine’s Day, fintech Neon Money Club launched an app to help financially like-minded people find love. Potential suitors will find one unusual hurdle prior to swiping right, though: They must have at least a 675 credit score. The app, […]
April 1, 2022
Via: Insurance JournalA judge in Washington has signed an order formally staying the Washington Insurance Commissioner Mike Kreidler’s ban on using credit ratings to help set insurance premiums on vehicle, rental and homeowners insurance. The order consolidated two cases into Judge Indu […]
January 20, 2022
Via: TechBullionDeclaring bankruptcy is a never-to-be-forgotten lesson. The hustle involved when filling the bankruptcy petition and the long period it takes to clear the negative information from your credit history could make you think twice. The hard choice could result from […]
September 21, 2021
Via: PR NewswireIf you regularly check your credit scores you might check them from different sources at the same time and see you have different scores. You also might notice that scores fluctuate from one month to the next—or even from one […]
February 11, 2020
Via: Market WatchAmericans are more confident about their ability to take out credit than they were a year ago, according to the latest Survey of Consumer Expectations from the New York Federal Reserve. A year ago, more consumers believed they would have […]
Capital and Risk, Credit, Retail Banking
June 10, 2019
Via: Market WatchAmazon’s newest credit card is designed to appeal to consumers who are looking to improve their credit score. It comes with an unusual structure — and some major caveats. The Amazon Credit Builder card AMZN, +3.38% will function as a […]
June 3, 2019
Via: Market WatchThe Petal Visa Card V, -0.21% is geared toward people who have poor or non-existent credit. But a new rewards program launched by the card could end up becoming a roadblock for people looking to improve their credit score, experts […]
September 14, 2018
Via: Market WatchYour 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 1, 2018
Via: FinextraBanks have to struggle with a lot of risks – from issuing credit to operational challenges, technological troubles to good old fashion fraud. In addition to the risks of yesteryear, modern banks face falling long-term rates, growing fintech competition and […]
June 8, 2018
Via: Market WatchYou know that “starter” credit card collecting dust in your wallet? The one with a high interest rate, lackluster benefits, and zero rewards? Now that you’ve upgraded to a better card, you might be tempted to close your old cards […]
Capital and Risk, Operational, Retail Banking
May 3, 2018
Via: Market Watch“Alexa, can you pick a new credit card for me?” As of this week, the answer is yes. The personal-finance company NerdWallet announced Wednesday a new skill for Amazon Alexa AMZN, -0.92% which is now live in Alexa’s skill store. […]
June 22, 2017
Via: Bank InnovationConsumers’ awareness of their credit standing has improved over the past years, in part thanks to all the free credit score tracking services that fintechs, as well as financial institutions, have incorporated into their apps. But while many users are […]
May 15, 2017
Via: GOBankingRatesWhen you apply for jobs, you probably have a pretty good idea what employers are looking at when deciding whether to hire you: your education, employment history and qualifications. But there’s something you might not expect employers to care about […]
May 12, 2017
Via: TheStreetYour credit score can dictate whether or not you buy a home, but it can also determine the cost of insuring it. InsuranceQuotes and Quadrant Information Services have been sussing out the effect of credit scores on insurance for three […]
May 1, 2017
Via: GOBankingRatesCredit cards for bad credit can be a good option if you’ve made mistakes with your credit in the past. These kinds of credit cards are widely available, and if used wisely, they can help you rebuild your credit. Making […]
March 22, 2017
Via: GOBankingRatesPeople who file for bankruptcy are not alone: Consumers and businesses combined filed 794,960 bankruptcies in 2016, according to U.S. Courts Statistics and Reports. One of the major downsides of declaring bankruptcy is that it will stay on your credit […]
November 30, 2016
Via: GOBankingRatesYour credit score probably isn’t at the top of your list of things to worry about during the hustle and bustle of the holiday season. After all, you have Christmas gifts to buy, parties to plan, greeting cards to send […]
October 26, 2016
Via: GOBankingRatesIf you want to rebuild credit, the first step is to breathe. Next, know that there is no such thing as fast credit repair because how long it will take to fix your credit depends on your specific situation. For instance, […]
October 24, 2016
Via: GOBankingRatesIt’s important to have a good credit score — but you might not know exactly what your credit score is, how it’s calculated or how it affects you. Your credit score, in a nutshell, is a snapshot of your credit […]
September 12, 2016
Via: GOBankingRatesEach day, preapproved credit card offers fill the mailboxes and inboxes of millions of Americans. Before accepting one of these offers, you should know a few basic facts about what you might be getting into. So before you go any […]