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credit score: A 50 point increase in your credit score can save you this much in loan interest payment

A 50 point increase in your credit score can save you this much in loan interest payment Synopsis While many are aware that a high credit score helps in borrowing money, they are not sure how this works. Many would like to know how much discount in terms of lower interest rate on a loan they can get if they improve their credit score. While borrowing, who would not like to get the lowest interest rate from the lender? However, the reality is that the lowest rate is offered only to a few select borrowers. These rates are mostly offered to borrowers with a high credit score. We tell you how a good credit score can help you save big on interest payout and what you can do to get one.

Banks planning to issue credit cards to people without credit scores: report

© Getty Images Multiple major U.S. banks are planning to begin sharing data on customer s accounts as part of a government initiative to provide credit to those who don t have credit scores. The Wall Street Journal reports that JPMorgan, Wells Fargo and U.S. Bancorp will begin considering an individual s checking or savings accounts at other financial institutions to increase their chances of qualifying for a credit card. They would take into account an applicant s account balance over time as well as their overdraft histories, people familiar with the matter told the Journal. Sources told the outlet that around 10 banks have agreed to exchange information with each other. This initiative is part of the Roundtable for Economic Access and Change, or Project REACH, which was launched by the Office of the Comptroller of the Currency (OCC) last year.

Some Big Banks May Consider Offering Credit Cards To Those Lacking Credit Scores, Says Report

Some Big Banks May Consider Offering Credit Cards To Those Lacking Credit Scores, Says Report
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Paxton Carnegie Library News

PAXTON, IL - BLIND DATE WITH A BOOK!! Be sure to finish your date, (reading your book) by Feb. 28, fill out the “Rate Your Date” bookmark, place it back

Car Loan Negotiation Tips to Help You Save on Monthly Payments

Planning to buy a car this year? Unless you have lots of cash, you will have to rely on a car loan to finance your big purchase. That means you should know how to negotiate a car loan and make it a lot easier for you to pay what you owe. After all, it will take years to do so. You’ll need all the help you can get. But fortunately, you can easily juggle car loan payments as long as you properly manage your finances. So how can you make owning a car less of a financial burden? Here are some few tips on negotiating lower car loan payments. Tips on How to Negotiate a Car Loan Rely on a Good Credit Score If you’re planning to negotiate your car loan payments, you better have a good bargaining chip in the form of a good credit score. Before you apply for a car loan, make sure to build a stellar credit history to increase your chances of getting a lower interest rate or higher loan amount. To find out what your credit score is, you can request a credit report from the Credit Inf

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