Fallout From a Poor Credit Score – Mortgages Missed mortgage payments, serious loan delinquencies, loan modifications, short sales, foreclosures and bankruptcies all drag down scores. Read more on New York Times
Tag Archives: credit
Interest Rates on Credit Cards to Fall
Interest Rates on Credit Cards to Fall Interest rates on many major credit cards are due for a trim, according to the Associated Press. As a result of the new credit card reform law, banks are required to review any rate increases that have been imposed since the beginning of 2009. Millions of consumers saw [...]
On a vehicle repossession on the credit report when does the 7 years start?
Does it start when the acct was opened or the date of the repossession? The 7 years that it stays on your credit report.
How will a voluntary repossession of my car affect my credit?
I’m in a leased car that I can no longer afford. I have a co-signer who has excellent credit that I don’t want to ruin. If I have the car repoed will her credit be affected just as badly as mine?
how long does car repossession stay on your credit report?
I recently had my car repossesed while in between jobs, and now owe about $4,000 remaining on my loan. How long typically do these type of repossesions stay on someones credit report and how it will effect me in the future. Also what steps can I take to fix and or aleviate the negative status [...]
Demand for mortgages falls despite credit rise
Demand for mortgages falls despite credit rise Demand for mortgages fell for the third quarter in a row even as the supply from lenders increased, according to Bank of England data. Read more on Daily Telegraph
Bond Concessions Vanishing in Investor Squeeze: Credit Markets
Bond Concessions Vanishing in Investor Squeeze: Credit Markets Corporate borrowers in the U.S. are squeezing investors as record-low interest rates and a lack of high-yielding alternatives force bondholders to accept the smallest concessions on new debt sales since March. Read more on Bloomberg
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Lehman sues to recover credit swap payments
Lehman sues to recover credit swap payments Lehman Brothers Holdings Inc. is trying to recover more than $3 billion from banks, insurers and other financial services companies that it claims it lost when its bankruptcy filing in 2008 caused its priority payment status to be modified. Read more on AP via Yahoo! News
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How bad is a repossession on your credit report?
I might have my car repossessed unfortunately because the economy. If so, how bad would my credit be? Will I still be ok if I pay my credit cards? Should I just file bankruptcy?