“In my opinion one of the biggest problems with our credit crunch and high foreclosure rate is bank reliance on FICO scores. FICO scores do a good job of reporting an individuals past history of repayment of debt. The biggest problem is the scores do…

Maybank’ s move to reduce rates is prompting speculation among mortgage consultants that banks could follow suit with foreign banks leading the way. ‘ I’ m not surprised that this round of interest rate reductions is led by foreign banks again,…

If you have had a repossession, bankruptcy, foreclosure or multiple late payments on your auto loans, be ready to show proof of income, residence, tax returns and more. Second chance financing is popular in many states, but you need to understand the p…