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Articles tagged with: credit score

Week in Review »

[2 Jun 2013 | No Comment | 1,697 views]
Week in Review (May 26-June 1)

It’s the start of a new week, so that means it’s time to take a look at what went on last week here at First Arkansas News through our Week in Review series. It would be an outright tragedy if our tens of fans missed a post or two, so we rehash revisit our most resent stories as a matter of convenience. And, oh yes, we covered a lot of ground last week — we did a little something to honor veterans on Memorial Day, paid a visit to the …

Business, News, Real Estate »

[29 May 2013 | 5 Comments | 10,416 views]
Your credit history and tightening lending standards

Just a few short years ago, getting a loan for everything from homes to cars was a comparatively easy process. That’s changed a bit and especially when it comes to mortgages, hasn’t it?
So, what happened? The subprime lending market died a sudden death in 2007 due to high default rates leading to foreclosures and financial chaos. Banks responded by tightening lending standards on most consumer loans.
The impact of those new measures — some taken by the industry and some put in place by government regulations — is that a high …

Business, Columns and other comments, Features and such, News, Real Estate »

[22 Jan 2012 | One Comment | 2,441 views]
What’s impacting your credit score?

A good credit score has always been important for anyone wanting to take out a mortgage, but it is a critical requirement for borrowers these days.
Remember a few years ago when taking out a mortgage was easy? If a lender decided a borrower was too risky, the potential homebuyer could likely find a subprime lender or a banker offering some loan options designed to get people with less-than-stellar credit into a home.
After a few years of somewhat freewheeling lending practices, we saw a lot of defaults starting around 2007. Some …

Business, News »

[2 Nov 2010 | One Comment | 1,601 views]
The cure for those credit score blues?

Stan Morris, founder of Credit Care in Piggott, has spent the past few years developing a system through which people can improve their credit scores.
He’s only been touting his method for a couple of months and his work in that area may well be timely. Why? Arkansas Attorney General Dustin McDaniel reported that Arkansans have the lowest credit scores in the nation.
McDaniel, citing a survey, stated in a news release that the average credit score of American consumers is 666 (keep those “number of the beast” jokes to yourselves) while …