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Tag: credit score


Capital and Risk, Insurance

Washington Court Grants Extended Stay of Insurance Commissioner’s Credit Scoring Ban

April 1, 2022

Via: Insurance Journal

A 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 […]


Capital and Risk, Credit

How Long Does Bankruptcy Stay on Your Credit Report?

January 20, 2022

Via: TechBullion

Declaring 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 […]


Capital and Risk, Credit

Are Small Differences Between Credit Scores Normal?

September 21, 2021

Via: PR Newswire

If 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 […]


Capital and Risk, Credit

More Americans feel confident about taking on debt — why they should exercise caution

February 11, 2020

Via: Market Watch

Americans 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

Amazon’s newest credit card could be a double-edged sword for people with bad credit

June 10, 2019

Via: Market Watch

Amazon’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 […]


Capital and Risk, Credit

Here’s one credit-card rewards program that consumers may want to avoid

June 3, 2019

Via: Market Watch

The 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 […]


Capital and Risk, Credit

6 reasons why credit matters

September 14, 2018

Via: Market Watch

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 […]


Capital and Risk, Credit

Lenders bet on AI for credit scoring

August 1, 2018

Via: Finextra

Banks 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 […]


Capital and Risk, Credit

Wait! Don’t destroy those old credit cards yet

June 8, 2018

Via: Market Watch

You 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

Alexa can now help you pick a credit card — why you should proceed with caution

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. […]


Retail Banking

Checking Credit Scores Improves Credit Behavior, So Why Do Millennials Ignore Them?

June 22, 2017

Via: Bank Innovation

Consumers’ 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 […]


Capital and Risk, Credit

6 Reasons Why Employers Care About Your Credit

May 15, 2017

Via: GOBankingRates

When 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 […]


Capital and Risk, Credit

Bad Credit Can Make Home Insurance Even More Costly

May 12, 2017

Via: TheStreet

Your 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 […]


Retail Banking

10 Best Credit Cards for Building Credit

May 1, 2017

Via: GOBankingRates

Credit 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 […]


Retail Banking

How to Get a Loan After You’ve Filed for Bankruptcy

March 22, 2017

Via: GOBankingRates

People 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 […]


Capital and Risk, Credit

How to Protect Your Credit Score During the Holidays

November 30, 2016

Via: GOBankingRates

Your 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 […]


Capital and Risk, Credit

How to Rebuild Credit

October 26, 2016

Via: GOBankingRates

If 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, […]


Capital and Risk, Credit

How to Check Your Credit Score

October 24, 2016

Via: GOBankingRates

It’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 […]


Retail Banking

7 Preapproved Credit Card Facts You Need to Know Before Applying

September 12, 2016

Via: GOBankingRates

Each 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 […]


Capital and Risk, Credit

How It’s Possible to Have a Perfect Payment History and Bad Credit

August 18, 2016

Via: GOBankingRates

If you want a good credit score, you must make payments on time. This often-repeated rule is more like an undeniable fact: A solid payment history is necessary for a good credit score. Unfortunately, a perfect payment history alone doesn’t guarantee a perfect score. A […]