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Should You Refinance Your Mortgage: Quick Study Sheet (Updated) Conforming Loans (up to $417,000 loan amount): If your rate is over 3.75 percent, you should consider refinancing. High Balance Loans (up to $625,500 loan amount): If your mortgage
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Telecom is set to start sharing the payment histories of its customers with banks, finance companies and credit bureaus...The telco has notified customers that as of April 2 it may collect and share information measuring how timely people are at
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About a dozen major lenders will be participating in the pilot programme, which is being prepared to realise the dream of a centralised financial institution that can track the history of borrowers, determine the quality of cash and monitor the
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Hurricane Sandy whose credit score took a hit following the storm may soon get relief if Gov. Andrew Cuomo has his way. The Cuomo administration announced on Wednesday it will be leaning on the credit scoring and reporting bureaus who have docked New
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Mortgages cardboard house in hand against the blue sky Getty Images/iStockphoto Money Monitor Rick Arnd, senior manager, emerging markets at Meridian in St. Catharines, Ont., says the lender needs to understand the borrower's ability to service the
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The Atlanta Journal-Constitution Expect to see more cases of income tax fraud like those involving Erkes Antwon Green, a man charged with bank fraud and being investigated for filing possibly more than 100 returns using others' names. Atlanta police
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Have you ever wondered how they come up with a three-digit number that can predict whether you're a good or bad credit risk?...The hope was that such a system would enable lenders to approve more credit cards and loans to more people without
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Beginning in 2011, I worked for a solid year to pay down the lingering debt leftover from my first few years struggling in New York and shore up my credit score...With the combination of a low utilization score and on-time payments, my credit score
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I knew the answers to the questions about how many credit cards I have and how many late payments I've made, because "one" and "zero" are easy to remember. But I didn't have a clue how many companies have looked at my credit report recently...To get
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In fact, selling data is a primary revenue source for the credit bureau industry, which had U.S. revenue of about $4 billion in 2011, according to the Consumer Financial Protection Bureau. Yet one in five consumers has an error in at least one of the
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