FICO is updating the way it determines credit scores: The firm says about 40 million Americans' scores will drop by 20 points or more, and a similar number should go up by as much.
than any other consumer debt category; Americans owe more than $300 billion on them. There are all kinds of personal loan offers in the mail, online and on TV. Many promise to lower your interest rate by consolidating credit card debt into a single loan.
That's not good news for people who are struggling financially, says Marisabel Torres with the Center for Responsible Lending."It sounds like we're penalizing people for getting into a bad situation." With some loans, especially home mortgages, lenders tend to use older versions of the FICO score, so the new version won't have an impact on all types of lending.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why Your Credit Score Could Drop - The Journal. - WSJ PodcastsThe FICO score, one of the most widely used credit scores in America, is about to go through some major revisions. WSJ's AnnaMaria Andriotis explains what the changes are and why the current scores may be out of whack.
Consulte Mais informação »
Inside Chicago's Wild Music Scene, From Trailblazing Hip-Hop to Indie JazzChicago is one of the most adventurous, experimental scenes in the country — here’s why RSBestMusicScenes
Consulte Mais informação »
The Potent Allure Of A Green DressThere's something glamorous and unapologetic about a specific kind of green dress.
Consulte Mais informação »
Mark Cuban, Ryan Seacrest Think Harry & Meghan Could Get Super RichHere's why Meghan and Harry could get filthy rich in their second act.
Consulte Mais informação »
This TikTok-er Used Floss to Extract Blackheads From Her NoseHere's why you shouldn't try this trick.
Consulte Mais informação »
It's OK To Ask Your Partner For Their 'Sex Number' And Here's WhyAsking your partner about their sex 'number' should be fun pillow talk, not a chance for you to judge them.
Consulte Mais informação »