Fannie-Freddie short-sale program may hurt sellers’ credit scores

By | Sep 9, 2012

Fannie-Freddie short-sale program may hurt sellers’ credit scoresNews from Los Angeles Times: WASHINGTON — With generous new guidelines from Fannie Mae and Freddie Mac likely to stimulate large numbers of short sales by underwater homeowners, what effect will the sales have on the sellers’ credit scores? It’s a crucial question, because short sales typically cause […]

A Bad Credit Report Can Hurt Employment Prospects

By | Sep 8, 2012

A Bad Credit Report Can Hurt Employment ProspectsNews from TheStreet.com: Some job hunters have been surprised that employers sometimes check credit reports in the screening process. But employers can legally check your credit report to evaluate how responsible you are financially as long as they comply with the Fair Credit Reporting Act (FCRA). Employers can […]

Will a mom’s near-800 credit score get hurt if she adds her son to her credit …

By | Sep 1, 2012

Will a mom’s near-800 credit score get hurt if she adds her son to her credit …News from Plain Dealer: Q: After reading your Aug. 11 column about the 41-year-old on his mother’s American Express account, I have a question: Will it harm my credit rating (currently at 795) to add my son to my […]

Bank downgrades could hurt loans, credit cards

By | Jun 23, 2012

Bank downgrades could hurt loans, credit cardsNews from U.S. News & World Report: By PALLAVI GOGOI, Associated Press NEW YORK (AP) — When a major bank’s credit rating is cut, it deals a psychological blow — to customers, the public and financial markets. So Thursday’s downgrading of 15 of the world’s largest banks is almost […]

Do multiple credit inquiries hurt FICO scores?

By | Jun 10, 2012

Do multiple credit inquiries hurt FICO scores?News from Los Angeles Times: WASHINGTON — In a marketplace where lenders are demanding record-high FICO credit scores — Fannie Mae and Freddie Mac are averaging around 760 on approved mortgages this year — are you a little fuzzy about what can push your scores up or down? Take […]

Top Five Credit Reporting Mistakes that Can Hurt Your Score

By | May 25, 2012

Top Five Credit Reporting Mistakes that Can Hurt Your ScoreNews from Go Banking Rates: This post was contributed by our Financial Literacy Movement partner Lexington Law. A quick Google search on “credit report errors” will net several reputable studies confirming that anywhere from 20 to 70 percent of all credit reports contain some sort of […]

What you don’t know about credit scores could hurt you

By | May 16, 2012

What you don’t know about credit scores could hurt youNews from msnbc.com: Paul Sakuma / AP A bad score could cost you a job or a loan. That’s why it’s so important for you to understand how credit scoring works. By Herb Weisbaum, The ConsumerMan Your credit score, which is based on your credit history, […]

Lower credit scores dramatically hurt home buyers

By | Jan 8, 2012

Lower credit scores dramatically hurt home buyersNews from Boston Herald: How big a whack did your credit score take during the grim years of economic distress following the housing bust? Was it 20 points, 50 points, 100 points — or maybe no drop at all? These are key questions affecting millions of potential home buyers […]

Does Heavy Rewards Card Use Hurt Credit Scores?

By | Dec 23, 2011

Does Heavy Rewards Card Use Hurt Credit Scores?News from Credit Card Guide News: Dear Eva,Please help me settle a bet with my wife. I use my credit cards for everything so that I can build up rewards points, so the balances are usually pretty high and close to the credit limit. I pay the cards […]

Seven things that could hurt your credit score

By | Dec 22, 2011

Seven things that could hurt your credit scoreNews from Livemint: Defaulting or making late payments on your loan and credit cards decreases your credit score is common knowledge. But did you know there are other little-known things that may hurt your score? Shyamal Banerjee/Mint Your credit score is based on your credit report. Banks use […]

Next Page »

© 2017. Credit Report Tips & Latest News