Business & Economy

How do credit scores work? Two finance professors explain how lenders choose who gets loans and at what interest rate.

News

Roekeicha Brisby is accused of illegally erasing more than $3.3 million in credit debt.

NewsOne Now

American Banker Magazine has named John Hope Bryant as their 2016 Innovator of the Year for his work educating poor and middle-class Americans on financial matters.

Cross Post Now, Nation

There are several things you can do to obtain credit despite a low score, says New Jersey-based financial expert Tiffany Aliche.

Cross Post Now, Live Well

Interested in making a big purchase like a house or car, but your credit report is marred by a history of late credit card payments? Believe it or not, there is something you can do to wipe it out. It’s called credit card re-aging, which requires you to make an agreement with your credit card […]

Cross Post Now

Credit scoring is an imperfect science. In essence, it’s about estimating how likely someone is to pay back money borrowed based on their history of doing so in the past. Given a number of situational factors, it’s important though the the industry reexamine its standards every now and then. Well, there’s some good news: apparently the […]

Biz/Media, NewsOne Now

Credit problems disproportionately affect African Americans for a variety of reasons — historically lower incomes, higher unemployment, being hit especially hard hit by the subprime mortgage lending crisis — but according to a new report, you can add another reason to the mix. “African American disproportionately have more errors on their credit reports, which usually […]