Finance Tips

Tag: Financial Institutions

How to Obtain a Non ChexSystems Bank Account Without Being Scammed

Predatory lending exists in the mortgage industry. It’s typically when a mortgage broker add’s on unnecessary fee’s to a bad credit application, because he or she knows that the applicant is in a desperate situation. Predatory banking can also exist for those who have ended up in the ChexSystems. ChexSystems is a network of financial [...]

Guide to the Credit Score Chart

These days, economic times are tight. People all over the country are grappling with devastating foreclosures, and credit is often highly damaged for most people who never thought they would have a below average score in their lifetimes.It can be increasingly difficult to get a loan now, because financial institutions and lenders are facing the [...]

Mortgage Reconstruction 2009 – The Time For New Mortgage Laws

As of Monday July 14th, 2008, the government has passed new laws which cause a decent amount of change within the mortgage industry and how these companies give out loans to homeowners. Even though they were passed on Monday, these rules wont take effect until October 2009 to give time for companies to transition to [...]

Boffins Devise New Credit Scoring System

University of Edinburgh scientists have devised a new credit rating system which they claim would be more helpful than the current system in preventing people falling into debt.Their new approach doesn’t just concentrate on the individual applicant’s credit history, but also incorporates the general state of the economy into the modelling. By including consumer confidence, [...]