Lenders who extend your credit, whether in the form of a car loan or a new credit card, review your credit score to decide how likely you are to pay off what you borrow. Your credit score falls between 300 (bad) and 850 (excellent). But to facilitate loan decisions, financial …
Read More »
Consumers are being rejected for all kinds of financial products, from personal and auto loans to credit cards. The Wall Street Journal, using data from Equifax, reports that credit card approvals totaled 483,000 in the week ending May 10, compared to 856,000 in the week ending March 22. Compared to …
Read More »
If you have less than stellar credit, you may be classified as someone who is “subprime,” meaning that your credit score is lower than what is required to get the best interest rates, or “prime.” More than a third (34.8%) of Americans fall into the subprime credit category, according to …
Read More »