Sentences with phrase «lead in lowering credit score»

Other banks are following its lead in lowering credit score requirements for FHA loans due to the decline in mortgage refinances.

Not exact matches

Most consumers who open a secured card account engage in behavior that improves their credit scores, although about 18 percent of them experience more detrimental credit events than beneficial ones, leading to a substantially lower credit score.

The idea is that this will lead to relaxed lending standards, possibly including lower credit - score requirements for mortgage loans in 2015.

This may be true depending on the various factors that have led to a low score (i.e., bankruptcy, foreclosure, etc.), however, it's important to keep in mind that credit scoring is fluid.

The importance of recent credit activity in scoring comes from research showing that not only is low utilization an indicator of lower risk, but maintaining low utilization while continuing to use credit responsibly — as opposed to paying off debt and putting the cards away — can be an indicator of even lower future risk and lead to a slightly higher score.

This can lead to other negative consequences, such as low credit scores and the inability to obtain home and car loans in the future.

The FTC reports that approximately one in four people identify likely mistakes on their credit reports that lead to lower scores.

When I was in my twenties, I wasn't good with money and had a low - paying job, which led to past - due payments, a defaulted student loan and a poor credit score.

Consistently monitoring and building up your credit score could lead to awesome benefits like lower interest rates on loans, bigger lines of credit, and more flexibility in your... [Read more...] about How to Repair Your Credit with myFICO Prcredit score could lead to awesome benefits like lower interest rates on loans, bigger lines of credit, and more flexibility in your... [Read more...] about How to Repair Your Credit with myFICO Prcredit, and more flexibility in your... [Read more...] about How to Repair Your Credit with myFICO PrCredit with myFICO Programs

In other words, lower credit scores indirectly led to relationship distress, especially given the financial implications.

And, mistakes can lead to lower consumer credit scores and difficulties in getting approved for credit.

Minorities are set to overtake whites in household formation in the years ahead, led primarily by Asian and Hispanic populations — but minorities overall have lower credit scores and incomes.