credit scores

Millions of Americans are poised to take hits to their credit ratings as the Biden administration’s one-year moratorium on reporting late student loan payments to credit agencies will come to an end in just a few weeks. About 9.7 million, or 29%, of student loan borrowers in the U.S. were...

The recent massive security breach at Equifax Inc. (NYSE: EFX) exposed sensitive financial information of roughly half of the entire population of the United States. Equifax is one the three major for-profit companies that compile financial information to provide reports on consumer credit...

According to ValuePenguin, credit scores in the United States are standing at an all-time high, with the average FICO score at 695 (scores range from 300 to 850). Scores fall into sub-ranges, or buckets, within which borrowers categorize borrowers to assess the level of risk associated with...

The financial crisis of 2007–2008 isn't necessarily a distant memory in many people's minds. It is, however, a long enough period for credit reports to purge negative entries for more than half a million potential home buyers. Bloomberg, citing data from the Federal Reserve Bank of New York,...

It’s a natural instinct to want to help those we love, particularly if we are in a position where that financial assistance is feasible. However, it’s often inadvisable to loan money to friends or family, and even more imprudent to co-sign on a debt. Keep in mind, that is exactly what...