A new credit scoring system is coming soon which promises to be more forgiving to people who may miss an occasional payment.
Fair Isaac Corporation, creators of the FICO score will launch the new credit system which will be known as FICO 08. FICO 08 is supposed to be a better predictor of consumer defaults, a [...]

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Are you one of thousands with no credit and no collateral to help secure approval, or you just have extremely bad credit and no one wants to help you, and all you hear is stories and more stories?
Bad credit is a term used to describe a poor credit rating. Common practices that can damage a [...]

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By: Richard Townsend
Most Americans have too much credit card debt. Duh, we’ve all heard that
before, right? Only now its gotten a bit personal… right again? You
personally have too much credit card debt and its about to drive you crazy.
Well there IS hope so don’t file those bankruptcy papers just yet. One
major thing you have to [...]

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MAJOR PLAYERS BEGIN ENTERING MARKET, OR SO-CALLED ‘P2P’ SCENE
By Jim Wyss
McClatchy Newspapers
MIAMI - When Walter Kond needed $25,000 to buy a shipment of home-theater seats for his company to resell, he didn’t go to the bank. He went online. Kond posted a loan request on Prosper.com and a few days later, more than 300 absolute [...]

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This tax season, as you contemplate how to make the most of your tax refund, consider the opportunity to reduce your debt.
Using tax refunds to purchase a new surround sound system or to take an exotic vacation may be tempting, but the benefits of widening the gap between your credit balance and [...]

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