Business & Economy

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


There are several downsides to buy now, pay later schemes.

Good News

Brooklyn-bred mogul Jay-Z has invested in a Black-led finance app.


Sheena Allen, 29, has launched CapWay to help underserved communities learn more about the importance of financial literacy.

Ready to take your venture to the next level? These action steps will ensure your biz’s credit rating reaches platinum status.

Live Well

If you’re one of the lucky ones who have paid off all of their credit card bills, congratulations! However, that doesn’t mean that you’re done with managing your credit — not by a long shot. There’s plenty you can still do to raise your credit score, thereby getting better interest rates when it comes time to […]

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 […]

Roland Martin talks with Kelvin Boston about how credit laws, scores and various mechanisms disenfranchise African-Americans economically from home ownership, forcing up to 70 percent into the sub-prime mortgage market.

Roland Martin talks with Kelvin Boston, host of “Moneywise” on PBS about how your credit report can determine if you get a job or a promotion.

Roland Martin discusses the importance of breaking the shackles of debt, establishing good credit and personal finance.

A newly released study carries significant weight, defying the popular belief that homeowners who defaulted on their mortgages during the economic downturn are irresponsible deadbeats who can’t manage money. The study, conducted by TransUnion, one of the three national credit bureaus, concludes that many of the homeowners who defaulted on their mortgage only did so […]