Articles Tagged ‘borrowing’

Your Life Stage and Your Borrowing
Sunday, March 1st, 2009

Managing your credit can be a dicey proposition even when your life is calm. Add a couple of drastic changes — like relocating to another state, getting married, even watching your child become a teenager — and your credit is one of the first places the damage will show. Here are some ideas on what you should do when you’re faced with a major change in your life Getting Married If you're engaged, you may find it easier to talk about sex than finances with your future spouse, especially if one of you has a spotty credit record. Before you...

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Borrowing in 2009
Saturday, February 7th, 2009

If you’re planning to buy a home or a car in 2009, the process is going to be a lot tougher without an excellent credit score and a significant down payment. So that means you’re going to have to work harder—and possibly wait a little longer—to make those key purchases.

What’s a good credit score? According to credit scoring giant Fair Isaac Corp., the best FICO score range as of late 2008 stood at 760-850, according to reports; that minimum is roughly 20 points higher than it would have been a year ago.

Barring any major federal action to loosen...

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