Good Money Blog

With the latest credit crunch, it now takes a higher credit score to be considered a good credit risk. For instance, if you want to go buy a car today, you need at least a credit score of 700 to get a loan. Mortgages are also hard to come by.
I hadn’t checked my FICO score for [...]

Due to the recent subprime mortgage crisis, it becomes harder and harder to apply for credit or borrow money, whether for a car loan, home-equity loan, mortgage, or any other reason. To decide whether or not to grant a loan, lenders base their decisions largely on the borrow’s credit history and one very important number [...]