May 2010

Disputes with Lenders Can Damage Credit Score

Disputes with credit card companies over charges are occasionally unavoidable, but not paying a bill is hardly the best way to deal with it.

Inactive cards can still affect consumer credit scores

Disputes with credit card companies over charges are occasionally unavoidable, but not paying a bill is hardly the best way to deal with it.

Bankruptcy filings drop slightly in April

According to the latest report from the National Bankruptcy Research Center, bankruptcy filings for April 2010 dropped around 1 percent from those in March.

Banks adding credit card fees to counteract restrictions

While the new Senate bill designed to protect consumers from credit card companies' costly practices has taken away billions in revenue, lenders are looking to make that money back.

Loan modifications may damage a homeowner's credit score

With millions of Americans struggling to pay their mortgages, many turn to loan modifications as a way to make their payments more affordable. What many may not know is that the program can damage their credit standing.

Capital One credit card defaults, delinquencies drop in April

A recent report by U.S. credit card company Capital One said that defaults on its cards dropped significantly in April.

Study: Growing number of parents asking children to co-sign on auto leases

Over the last two years, the number of parents asking their children to co-sign on a car lease has increased significantly, according to a new study.

Strong credit scores can get borrowers top mortgage rates

Conventional wisdom says that those with better credit scores get better rates on the loans they take out, and that is certainly true as mortgage rates plummet to year-to-date lows.

Paying off particular cards may benefit a credit score

Consumers' debt utilization ratios are among the main factors considered when calculating their credit scores.

Credit tips for college students

The length of one's credit history is one of the various factors credit bureaus look at when formulating a credit score.

Building credit after graduation

The period following college graduation can be a large financial transition for recent graduates. Some may be searching for employment while others are contemplating purchasing their first car or renting an apartment. The reality remains that most of

Lenders are seeing some homeowners strategically default on mortgages

The national foreclosure rate rose 7 percent in the first quarter of 2010 and 16 percent from one year ago, according to a report by RealtyTrac. That figure equates to one in every 138 households facing default notices, auctions or bank repossessions

Student loan defaults are on the rise

Most will not dispute the value of a good education, but it's no secret that paying for college can be costly. Many students are unable to pay for their entire education out of pocket and grants or scholarships may only cover a portion of tuition, bo