Borrowing Advice | BorrowingAdvice.com » loans http://borrowingadvice.com Your Source for Borrowing Advice Thu, 17 May 2012 14:50:45 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 Borrowing in 2009 http://borrowingadvice.com/borrowing-in-2009/ http://borrowingadvice.com/borrowing-in-2009/#comments Sat, 07 Feb 2009 21:30:51 +0000 admin http://borrowingadvice.com/?p=121

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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