Tag Archives: Consumer spending

US consumer confidence falls in July as COVID-19 expands

WASHINGTON (AP) – US consumer confidence fell to a reading of 92.6 in July as coronavirus infections spread in many parts of the country. The Conference Board, a New York research organization, reported Tuesday that its consumer confidence index fell from a June reading of 98.3. The weakness stemmed from …

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The next relief bill could include stimulus checks, job bonds.

Pedestrians in Washington pass a “We Are Open” restaurant sign during the Covid-19 outbreak on May 12. Jonathan Ernst | Reuters When it comes to the next coronavirus stimulus package and providing more direct financial aid, the question on the lips of most Americans is, “Will they or won’t they?” …

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Borrower risk profiles based on credit score

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 …

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How does the new FICO Resilience Index affect me?

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 …

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