News that Fannie Mae and Freddie Mac are analyzing the costs of enabling use of up-to-date credit-scoring models based on post-recession data, including the VantageScore 3.0 model, has been getting a lot of attention.
A TransUnion survey reveals half of consumers don’t realize rental payments can be reported to CRCs and added to their credit files.
If you think the only time your credit scores are important is when you’re in the market for car financing, a mortgage, credit card or other new loan, you’re not alone. You also are wrong.
Most credit scores are calculated without the consumer’s overt permission or knowledge, as part of a routine process called “account maintenance.” Learn all about it.
The head of the American Financial Services Association, a trade association for consumer and commercial finance companies and lenders, offers broad insights into industry trends.