Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
Tag: Credit Scores
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What Happens if You Miss Your Student Loan Payments
Missed payments will be reported as a forbearance rather than as delinquencies. But your credit score could still be affected.
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The High Cost of Bad Credit
Desperate to improve their ratings, Americans now spend billions on “credit repair” — but the industry often can’t deliver on its promises.
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What New Mortgage Fees Will Mean for Buyers With Good and Bad Credit
Changes to fees applied to federal mortgages have led to a misconception that borrowers with low credit scores will pay less at the expense of borrowers with good credit.
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Why Older People Can’t Get New Mortgages
Despite solid financial track records, many older Americans have a hard time refinancing because of their mortality risks and lower retirement incomes.