Randy had an 850 credit score. According to FICO, the most popular scoring model, that’s as good as it gets. Still, a line on his credit report said he could lower his utilization rate, so he promptly paid off the remainder of his car loan with one $6,000 payment, andContinue Reading
Generally speaking, the higher your credit score, the better off you are when it comes to getting a loan. FICO scores, the most popular scoring model, range from 300 to 850. A “good” score generally is above 670, a “very good” score is over 740 and anything above 800 is considered “exceptional.”Continue Reading
And, he advised, include savings on your “spending” list, and set aside some cash. That way, you’ll have some reserves when those holiday bills come due. Here are some questions and answers about managing holiday spending and debt: What’s happening with credit card interest rates? Keeping the lid on cardContinue Reading
Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images Citigroup said fourth-quarter net income decreased by more than 21% from a year ago as the bank set aside more money for potential creditContinue Reading
Costco (COST) does not follow the same rules as other retailers. The membership-based warehouse club has a relentless focus on offering members the lowest prices possible. That allows it to do things that customers at its rivals would see as negatives. The warehouse club, for example, spends very little moneyContinue Reading
(Bloomberg) — Dixit Joshi won’t forget his first day as Credit Suisse Group AG’s chief financial officer in a hurry. And yet the experience won’t have been entirely unfamiliar for the former Deutsche Bank AG high flier. Most Read from Bloomberg Shares in the Swiss banking giant plummeted 12% toContinue Reading
(Bloomberg) — Most Read from Bloomberg Credit Suisse Group AG hit a fresh record low after attempts to reassure markets on its financial stability only added to the sense of turmoil surrounding the troubled Swiss bank. The shares dropped as much as 12% in Zurich trading on Monday to 3.52Continue Reading
As today’s prospective home buyers confront high home prices and rising interest rates, there’s one thing they can do to save money — raise their credit scores. “This is one actionable thing buyers can do to save a little bit of money in this market,” said Amanda Pendleton, consumer financeContinue Reading
Credit Suisse on Wednesday announced that CEO Thomas Gottstein would step down as the bank reported a massive second-quarter loss, as poor investment bank performance and mounting litigation provisions hammered earnings. The embattled Swiss bank posted a net loss of 1.593 billion Swiss francs ($1.66 billion), far below consensus expectationsContinue Reading
Text size Charles W. Scharf, CEO of Wells Fargo, must steer the bank through a tricky period when profits are under pressure. Patrick T. Fallon/AFP/Getty Images Bank earnings season continued Friday with yet another of the major U.S. banks posting results that fell short of analysts’ expectations. This time itContinue Reading