Feb 8th 2012 7:00PM
Rumors of Arthur Livingston's demise have been greatly exaggerated -- and they're taking a toll on the South Carolina man's credit rating. Bank of America, Livingston's bank of choice for the past 14 years, mistakenly declared him dead to the three major credit bureaus in May 2009, TV station WIS in Columbia, S.C.,... Continue Reading »
Jul 12th 2010 3:58PM
Bills have been paid on time without ever paying a late fee. Check. No outstanding credit card debt. Check. A two-income family with investment income. Check. It sounds like this couple will pass the smell test for a mortgage without any problem. And that's a problem, says Todd Huettner, a mortgage broker based in Denver.... Continue Reading »
Jun 15th 2010 3:30PM
If all the stories in recent months about walking away from your mortgage are to be believed, the practice of not paying this once-sacred obligation has become, if not quite acceptable, then at least understandable. Whether a person is underwater on his or her mortgage, is unemployed, or both, when you listen to the... Continue Reading »
Jun 11th 2010 4:11PM
The Federal Reserve recently announced that consumer debt dropped by 2.4 percent in the first quarter of this year, the seventh straight quarterly decline. With the amount of consumer debt shrinking, many home buyers are revisiting their credit scores, and trying to find ways to boost them. A score of 740 or above is... Continue Reading »
Jun 4th 2010 4:00PM
Despite still-low interest rates and home prices as a result of a market glut, there are many Americans who believe they will never be homeowners. A survey of visitors to the National Foundation for Credit Counseling's website reveals just how difficult people believe owning a home has become. Of the more than 2,000... Continue Reading »
