CNONGD

Finance, Credit and Loan Information

June, 2017

Money in Your Pocket: Good news for credit scores

SYRACUSE, NY (WSYR-TV) – Good news for consumers and the economy is that credit scores are improving, and the scores are at an all-time high right now. The number of people with poor scores is dropping quite a bit. Back during the recession in 2005, the number of people with poor credit scores was about […]

PSNC 2017: A Shift in Educating Participants—What Is Financial Wellness?

In the past, teaching participants about their retirement plan centered on investment topics such as the difference between small-cap and large-cap funds. Today, participant education has shifted, focusing on saving and managing debt–the true determiners of retirement readiness. As financial wellness has increasingly become a topic of interest to plan sponsors, the challenge for the […]

The Lowdown on Those Free Credit Scores

The Fair and Accurate Credit Transaction Act of 2003 provided individuals with valuable rights to the credit information that companies keep on them, but did you know the credit score provided to you may be different from the one provided to lenders? The first thing you should know is that you have a right to […]

Auto Dealer Stocks React Favorably As NADA’s May Used Vehicle Index Shows Growth

Stocks exposed to used car sales and auto lending spiked Tuesday following a data correction from the National Automobile Dealers Association regarding its used vehicle price index. The index was reported on Monday at 107.8, a negative 10.3 percent change year over year and negative 2.2 percent month over month. The corrected values showed better […]

How to Figure Out Which Credit Score Your Bank Will Use to Approve You

If you are looking to get a loan for your business, you might think to yourself, “well, self, I have a great credit score. I can get this loan, no problem!” While you might be riding high with a credit score over 740, that doesn’t mean your business credit score falls into the excellent category. […]

Years after the meltdown, Latinos still wary of big banks

Canadian auto lenders switch to tailored deals

Canadian auto lenders are focusing on highly tailored solutions to maintain business growth in an increasingly tough market, according to research from J. D. Power.

Bank of Montreal, Toronto-Dominion Lead $300MM Credit Facility for Chartwell

Chartwell Retirement Residences announced that it has entered into agreements with a syndicate of Canadian financial institutions, led by Bank of Montreal and The Toronto-Dominion Bank, for two new credit facilities totalling $300 million with accordion options for an additional $150 million. The new Credit Facilities replace the existing $200 million and $50 million credit […]

On Your Side | Consumer Help for Military

AUGUSTA, Ga. (WRDW/WAGT) — They protect our country but who is protecting their wallets? More than 100,000 men and women in uniform become victims of financial fraud or scams every year. In 2016, 116,000 service members, veterans or spouses filed complaints with the Federal Trade Commission. 47% of those came from current or former members […]

Canadian non-mortgage debt hits $21696 as Alberta consumers struggle

A new report from credit-monitoring agency TransUnion has found that Canadians are taking on consumer debt in a healthy way – except in Alberta and other oil-dependent regions. Nationally, the first quarter of 2017 saw a 1.9-per-cent rise in consumer non-mortgage debt levels over the same quarter in 2016, to an average of $21,696. Non-mortgage […]

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