Why am I terrified? Because the prospect and potential that this represents means a world without discussion and without ideas. It means a world in which we have to be careful of what we say for fear of not getting that loan, job, or education.
A short while ago, I pronounced P2P lending dead. Annihilated. Massacred by Wall Street bankers. Choked by a Black Rock. Then, I heard from Dara Albright, co-founder of LendIt, the largest peer-to-peer lending conference in the world.
Many consumers who can afford loans are denied the services they need and left in the hands of predatory lenders. Credit unions, as nonprofits with a commitment to their communities, are the right ones to bridge the divide.
Statutory language may be narrowly interpreted by courts. Federal legislation may preempt state legislation. The "third wave" of mortgage modification litigation will likely continue for some time with lenders frequently prevailing.
Knowing the difference between a credit score and credit report can help you make the right financial decision when it comes to applying for lines of credit, and can also help you get better interest rates on loans.
Many people believe that the decision-making process for creditors boils down to just one thing: the credit score. Here's the thing, though: Credit scores are really nothing more than a naturally occurring byproduct of the financial lives we live.
Welcome, disillusioned buyers. You really shouldn't be here, should you? You saved your money and had 20 percent to put down. Yet you were trampled by the buyers with wallets full of cash snatching up investment properties.