All Posts Tagged Tag: ‘credit scores’

Student Loans Spike to Top $1 Trillion

The sharp rise in the nation’s student loan debt, now upwards of $1 trillion, is most concentrated among Americans with poor credit, according to a report released by the Federal Reserve Bank of New York on Tuesday. According to the report, student rose debt rose 12 percent in 2013 to reach $1.08 trillion. Student debt remains the second largest source …

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Woman Sues Equifax and Wins

Credit scores are useful personal markers in contemporary society. Purchasing houses, getting better auto rates, and even receiving interviews can all be benefits to having higher credit scores. On the flip side, lower rates lead to turmoil. Equifax was ordered on Friday to pay Julie Miller of Marion County, Oregon, $18.6 million for a case that was originally filed in …

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Should Your Mobile Phone Activity Affect Your Credit Score?

The Boston Globe ran a story a few days ago about a company called Cignifi who has developed a way to calculate a person’s credit report in the absence of any previous credit history. The claim is counter-intuitive to how we understand the assessment of credit risk in the developed world because Cignifi’s plan has very little to do with …

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