(The Network Journal) — If you’ve been through a foreclosure, you may wonder if there is hope for you to become a homeowner again. Yes, but it will take awhile. “It doesn’t mean you’ll never be a homeowner again,” said Linda Davis-Demas, director of housing at Consumer Credit Counseling Service of Greater Dallas. But you’ll […]
(LA Times) — With foreclosures soaring — and homeowners with unblemished payment histories abruptly walking away from their houses with no warning to lenders — the two major producers of credit scores have begun changing how they evaluate consumers’ risks of default. The revisions could affect you the next time you apply for a loan. […]
(Chicago Sun Times) — People with bad credit will have one less thing to worry about when they’re looking for a new job in Illinois. Gov. Quinn signed a new law Tuesday that prohibits employers from using a person’s credit history when applying for most jobs. Credit checks can be required of applicants to jobs […]
(Smart Money) — Congratulations! You’ve been approved for a mortgage. Now you can submit an offer for that four-bedroom colonial dream house with confidence. Better start picking out new drapes. Not so fast. Your lender might be checking up on you up until the day you close – and that letter of approval may not be the last […]