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Credit Scores

College students could build better credit under pending changes

Changes are coming in how credit scores are calculated, which a financial expert says should help college students and other young adults establish and build credit. Jonathan Fox, director of Iowa State University’s Financial Counseling Clinic, says it’s traditionally been a vicious cycle as you can’t get credit without already having a credit history, so […]

 

How smart are you about your credit score?

By Andrew Housser This month, students are putting away their textbooks and getting their grades for the term. But the classroom of life has more important tests. For example, how much do you know about credit scores? A credit score is a snapshot of a person’s credit profile. Credit bureaus, including TransUnion, Experian and Equifax, […]

 

Credit Scores: What They Are, & Why They Matter for Your Small …

Credit scores are the beginning and end for entrepreneurial ventures. If your score is good, it’s a launching pad from which you can spring to success. If your score is bad, it can mean that your ideas are stillborn before they ever get a chance. Things are rough out there.

 

Auto Loan Borrowers May Be Gaming Their Credit Scores, UBS Says

Consumer credit scores may end up being a lousy predictor of US borrowers’ ability to repay their car loans, according to UBS strategists, citing flawsin the scores similar to those that emerged during last decade’s housing bubble. As many as one in five auto-loan borrowers admitted in a survey that their applications for debt contained […]

 

Borrower FICO Scores Hit 8-year Low

The average FICO score of a mortgage borrower is at its lowest since 2008, according to the latest Insights report from STRATMOR. As of 2016, the average US borrower has a FICO score of 729. According to the report, it’s the looser credit standards of non-bank lenders that’s bringing down the average. Borrowers of bank-originated […]

 

Here’s How Your Credit Score Really Gets Set

How’s your credit rating? Balances on mortgage, auto,and student loans in the US all rose in thefirst quarter,according to a report fromtheFederal Reserve Bank of New York this week.Credit card balanceswere an exception, but card delinquencies aretrending up, the Fed noted.Thats worrisome. Credit scores have a big impact on consumersdaily lives, often in ways theydont […]

 

Iowa businesses rank third in nation for credit scores

Iowa business owners have the third-highest average business credit scores in the country, according to an analysis by Nav, a California-based company that has developed an app for credit score tracking services for small businesses.According to Navs State Business Credit Snapshot, Iowa business owners have an average business credit score of 49 on a scale […]

 

Dropout Detective Offers Academic ‘Credit Scores’—But Is That a Good Thing?

The way you view your credit score is most likely a result of how good your credit is. If it’s decent, you probably don’t pay your score much attention. If it’s bad–and you’re scrambling to find an apartment in a competitive housing market (ahem, Bay Area)–it can feel like a burden, and worse, one you […]

 

Survey: Low credit scores might scare away potential mates

NEW YORK — In the world of online dating, new research proves that money and financial success might play a bigger role in finding love than many would like to admit. According to a survey by Bankrate.com, almost 2 in 5 US adults said knowing someone’s credit score would affect their interest in partnering with […]

 

CreditHero wants to help fix credit scores for those afraid to even look

With apps like Robinhood and services like Wealthfront for investing, and Credit Karma to check your credit score regularly, it might seem like financial services are finally getting more palatable and mainstream. But to Nicole Sanchez, people still need to have decent credit to get to the point where they’ll use those services — and […]

 

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