Word: bankses
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Why? Because the formula for determining credit scores, which banks use to decide whether to give you a mortgage or any other loan, looks at something called your "utilization ratio," the total amount of credit you use vs. the amount you have available. If you have $25,000 worth of...
So why would lenders target the good customers? Mainly because banks can't afford to take a lot of risk anymore. If you have, say, $30,000 in unused credit sitting around, there's always the chance you'll start tapping into it in the event of a job loss...
4 | Washington Good News From Banks, For a Change In a potential sign of hope for the ailing U.S. economy, the Treasury Department agreed to let 10 large banks begin repaying $68 billion in federal aid they received under the Troubled Asset Relief Program (TARP). Having passed "stress tests," some...
As part of her new job, this well-mannered career academic has to bully some of the world's most powerful men. Shortly after Congress passed the Emergency Economic Stabilization Act last October, Warren was appointed by Senate Democrats to do one of the most difficult, or perhaps impossible, jobs...
From a public relations perspective, though, Warren has been a success. She has taken to the spotlight like a seal to water and has smoothly made the cable-TV rounds to chide the close-knit club that determined financial policy in the past. She argues that now, finally, taxpayers "have...