Protesters donned masks during a demonstration to show solidarity with the Black Lives Matter movement. China News Service There is no doubt that Americans feel stressed and anxious these days. Money worries hit hard when the coronavirus pandemic disrupted the economy. There are also fears about the virus itself, as …
Read More »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 …
Read More »Don’t count on a second round of stimulus checks: what to do instead
With the economy officially in recession, millions of Americans continue to receive unemployment benefits and some states pause their reopening plans amid spikes in the number of coronavirus cases, not surprising that some lawmakers are calling for a second round of controls on stimulus. While Democrats have primarily been pushing …
Read More »Pending home sales had a historic rebound in May, meaning the worst may have already come for the property market
The counts: After two consecutive months of decline, the pending home sales index soared 44.3% in May compared to April, the National Association of Realtors said on Monday. The monthly increase was the largest since the National Association of Real Estate Agents began the index in January 2001. “This has …
Read More »FICO launches a new score that calculates financial resilience
Even before the coronavirus pandemic caused state closings and led to one of the fastest recessions in modern history, as many as 60 million Americans struggled to qualify for credit cards and loans. Early data shows that the restriction will only worsen as the pandemic continues to disrupt daily life, …
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