Many people who should consider filing for bankruptcy avoid doing so out of shame or fear it could ruin their credit. But it can provide much-needed relief.
Category: Credit Scores
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Should You Trust Experian’s Smart Money Debit Card?
There’s not a lot of love for the credit bureaus, so why would you want one of them in your wallet? Experian’s pitch: A slightly better credit score. Maybe.
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How Your Student Loan Payments Will Impact Your Credit
President Biden’s yearlong on-ramp to help federal student loan borrowers ease back into repayment ended on Sept. 30.
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How to Rein In Rising Auto Insurance Rates
Taking a safe driver course can save you 10 percent on the premium, one expert said. Improving your credit score can also help as can getting married.
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Biden Proposes Dropping Medical Debt From Credit Reports
The move would offer relief to millions of Americans who need a better credit score to get an apartment or a car, but it would not wipe out their financial obligations.
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‘Buy Now, Pay Later’ Borrowers Get More Safeguards With New Rule
Shoppers who use the popular installment loans will be guaranteed some of the same consumer protections that traditional credit cards provide.
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Medical Debt Shows Up Less Often on Credit Reports
But the Consumer Financial Protection Bureau said 15 million people still had medical bills in their files, which can make it hard to qualify for loans.
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‘Pay Later’ Lenders Have an Issue With Credit Bureaus
Firms like Experian and TransUnion say it is time for “buy now, pay later” loans to appear on consumer credit reports. The lenders aren’t ready to sign on.
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Car Deals Are Easier to Find but Lenders Are Tightening Their Terms
It has become harder for some borrowers to get affordable car loans as banks and dealerships face a rising number of delinquencies.
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Looking for a Lower Credit Card Interest Rate? Good Luck.
Comparison sites often emphasize the big banks’ offerings even though smaller banks and credit unions typically charge significantly less.
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More Tenants Can Now Add Rent Payments to Their Credit Score
Policymakers view the reporting of an on-time pattern as a way to reduce disparities in homeownership.
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Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.