Auto Repossessions Hit Lowest Level in 7 Years

Auto Loans

Auto Repossessions Hit Lowest Level in 7 Years

Auto Repossessions Hit Lowest Level in 7 Years

Vehicle repossessions are at their lowest rate since Experian Automotive started keeping track seven years ago. In a news release, the credit bureau reported a 14.8% decline in auto repossessions from the first quarter of 2013. In the second quarter of 2013, 0.36% of all vehicle loans ended in repossession, according to Experian’s State of... Read More

The $7,000 Master’s Degree That’s Scaring Colleges

Students

The $7,000 Master’s Degree That’s Scaring Colleges

The $7,000 Master’s Degree That’s Scaring Colleges

The Georgia Institute of Technology rocked the higher education world when it announced plans to offer a fully online master’s degree in computer science for roughly one-seventh the price of its on-campus equivalent – less than $7,000. The project is powered by a joint venture with Udacity, an online higher-education course provider that stands to... Read More

5 Ways You Can Lose Your Credit Card Rewards

Credit Cards

5 Ways You Can Lose Your Credit Card Rewards

5 Ways You Can Lose Your Credit Card Rewards

Credit card users often save their points, miles and cash back for years with the hope of redeeming them for their well-deserved rewards. Yet in the back of their minds is the fear that their rewards simply won’t be there when the time comes. Sadly, there are several ways that credit card rewards can fail... Read More

How Credit Scoring Has Changed Since the Recession

Credit Score

How Credit Scoring Has Changed Since the Recession

How Credit Scoring Has Changed Since the Recession

A consumer’s payment history, credit utilization ratio and depth of credit have always a significant impact on credit scores, but for some types of credit scores, the scale of that impact has changed considerably in the years following the Great Recession. In 2009, immediately after the recession, recent credit contribution carried the most weight in the... Read More

How to Make Peace With Your Bank

Personal Finance

How to Make Peace With Your Bank

How to Make Peace With Your Bank

If you’ve ever messed up your finances and wanted to make things right, you’ll understand where our reader James was coming from when he wrote on the Credit.com blog: I’m looking for a little advice. When I was 18 I had either a credit card or a checking account with a major bank that I... Read More

Bad Credit? Getting an FHA Loan Just Got Easier

Mortgages

Bad Credit? Getting an FHA Loan Just Got Easier

Bad Credit? Getting an FHA Loan Just Got Easier

Homebuyers who lost their homes because of recession-induced employment cuts may be able to return to the housing market sooner than they previously thought. In an Aug. 15 letter, the Federal Housing Administration (FHA) added economic events to its list of extenuating circumstances and reduced the waiting period between foreclosure and loan qualification from 36... Read More

Celebrities Can Have Their Identities Stolen Too

Identity Theft

Celebrities Can Have Their Identities Stolen Too

Celebrities Can Have Their Identities Stolen Too

Celebrities do lots of things we do. They take their kids to the beach. They nosh on pizza. And, they fall victim to identity theft. A Florida woman and her son were recently arrested for accessing the personal information of celebrities such as Kim Kardashian, Ashton Kutcher and Paris Hilton, according to federal officials. They used... Read More

Can Your Netflix Account Help You Get a Mortgage?

Mortgages

Can Your Netflix Account Help You Get a Mortgage?

Can Your Netflix Account Help You Get a Mortgage?

Paying your Netflix bill on time doesn’t just guarantee you instant access to “Breaking Bad” reruns. It could also help you get a mortgage. Ideally, prospective homebuyers have a miles-long credit report that leaves little doubt about their ability and willingness to repay debt. That’s clearly not always the reality on the ground, a fact... Read More

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