Dec 15th 2010 3:04PM
Your credit cards may be hindering your chances of getting a mortgage. Over the past two years, banks have cut back people's credit limits on their credit cards. Now, people are finding that their credit scores have dropped because of these bank actions. Even though they pay their card on time every month, their credit... Continue Reading »
Dec 9th 2010 1:43PM
"In general, a refinance or loan modification will have a favorable impact on someone's credit score because the amount of their monthly debt obligation is often lower," Benaroya says. "The overall debt can be lower, too, if the lender has forgiven some of the principal on the mortgage. In addition, paying the new mortgage... Continue Reading »
Dec 9th 2010 1:43PM
The new credit card law that takes effect in 2010 will bring about changes for issuers and cardholders. Issuers will be bound by restrictions on rate hikes and fees and increased disclosure requirements. Borrowers will need to know the key provisions in the law and the loopholes. While the new rules will clamp down on... Continue Reading »
