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Finance, Credit and Loan Information

September, 2014

Why Financial Advisers Still Hate Reverse Mortgages

A reverse mortgage is a little like a car airbag. Its nice to know its there. But if it ever has to be used, the driver’s already in trouble. New regulations are supposed to improve the unsavory reputation of reverse mortgages, which are loans against a home that dont need to be repaid until the […]

Budget Tips for Foreign Students in the US

Spending a semester or more as a foreign exchange or international student is the trip of a lifetime. It’s a chance for a teen or young adult to experience life away from parents and home — possibly for the first time — while being completely immersed in a new culture.   Perhaps that’s why the […]

Student credit cards: a must or a bust?

Student credit cards: a must or a bust? September 10th, 2014 When Carl Taylor decided to get his first credit card he was not fully prepared. The 22-year-old Concordia University student applied for his card last year when he planned a summer-long trip to Europe with some friends. He thought that if his cash would […]

Compass Point Cites Industry Iceberg As Feds Probe Subprime Auto Lenders

Federal prosecutors recent request that General Motors (NYSE: GM) finance unit hand over documents concerning its subprime lending practices could be the tip of a regulatory iceberg for the industry. Players at risk may include Credit Acceptance Corp. (NASDAQ: CACC), Consumer Portfolio Services (NASDAQ: CPSS) and Santander Consumer USA Holdings (NYSE: SC). Suggesting shades of […]

Cost of Pacific View financing may shoot up

Encinitas could end up spending nearly $2.5 million more than it planned financing its purchase of the old Pacific View Elementary School and the construction of a new lifeguard tower at Moonlight Beach. When the city put together its budget for the coming fiscal year, officials estimated the annual cost of borrowing the $13 million […]

Proposed Bill Would Make Drastic Changes to Credit Reports and Credit Scores

by John Ulzheimer, Credit Expert for CreditSesame.com Today Rep. Maxine Waters (D-CA) will introduce the Fair Credit Reporting Improvement Act of 2014. If passed, the Act would result in the most aggressive overhaul of the Fair Credit Reporting Act since 2003 and change the landscape of over 650,000,000 consumer credit reports and credit scores almost […]

Can You Get a Mortgage With a Low Credit Score?

Fear of a loan denial has led some consumers with low credit scores to simply not bother applying for a mortgage. But, while youll still have to provide proof of your income and assets and an explanation of your low credit score, it is possible to get a mortgage with a low credit score from […]

for consumers: Hope for Homebuyers With Low Credit Scores

Fear of a loan denial has led some consumers with low credit scores to simply not bother applying for a mortgage. But, while youll still have to provide proof of your income and assets and an explanation of your low credit score, it is possible to get a mortgage with a low credit score from […]

12 OYS: $10000 credit limit with bad credit? Don’t believe the hype

Jerome Collins joined News 12 in July 2013 as the On Your Side Reporter. He began his journalism career with WDAM-TV in Hattiesburg, Miss., as an Investigative Reporter. While in Mississippi, Jerome covered the devastation from Hurricane Katrina. His report on an unscrupulous contractor earned him Best Investigative Reporting by the Mississippi Associated Press Broadcasters […]

BBB: Consumers aren’t helpless with credit scores

For too many American consumers, their credit rating remains a mysterious entity over which they do not believe they have any control. The truth is that there are steps you can take to assure that you are not unpleasantly surprised by the news that your credit score is too low. Your Better Business Bureau has […]

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