Study: CARD Act cut fees $ 20 billion — A study of 150 million credit card accounts found that the CARD Act of 2009 cut fees sharply for cardholders, and
subprime borrowers saw the most savings... (See CARD Act study)
Not exact matches
Jeff Ball, the CEO of Econohomes,
sees his company filling a void: providing homes and financing for «deep
subprime»
borrowers.
We're
seeing credit scores that are increasing against control groups, we're saving customers millions of dollars, hundreds of thousands of customers have taken over one million of our financial literacy courses, and, with our growing credit card platform, we're continuing to meet the needs of
borrowers with
subprime and deep
subprime credit scores.
As discussed above, lenders» increased appetite for risk can be
seen through the influx of
subprime borrowers granted mortgages.
Subprime borrowers will
see less advantage when it comes to interest rates, but online lending networks can help you find the best offer.
Number of new cards soars, but credit limits tight — An American Bankers Association survey finds
subprime borrowers regaining access to credit, but not to a lot of it... (
See New accounts soar)
Subprime borrowers have easier time getting car loans — Unlike with credit cards, auto loans are becoming more available for
borrowers with blemished credit... (
See Auto loans)
CFPB proposes regulations on payday loans, other «debt traps» — Consumer bureau's rules aim to make small - dollar loans safer without cutting off emergency credit for
subprime borrowers... (
See Payday)
Yun: We certainly won't
see the number of
subprime borrowers that we
saw during the boom.
«Assuming a continuation of credit tightening,
subprime borrowers will
see much larger cost differences,» Chesbrough says.
Possibly millions of
borrowers, many of them minority and low income, who took out
subprime loans during the housing boom and are
seeing the interest rate on their loans reset upward, face higher payments than they can afford.