Consumers with high credit scores are more likely to default on mortgages than credit-card loans, said FICO, maker of the scoring formula most widely used by U.S. lenders.
Read more:
High-Scoring Borrowers Pay Cards Ahead of Mortgages
-
Strict new mortgage rules will make it harder for thousands to free up cash from their homes
Strict tests will ensure that only homeowners who can really afford such schemes can take out equity, which have been a popular way for many to raise extra funds.
-
Home loans for repairs
8th december 2011 The White Rose Credit union is providing interest-free home loans for vulnerable people around the district. The loans pay for essential repairs and disabled adaptations.
-
Confident landlords gearing up
Professional landlords are showing signs of confidence by taking equity out of unmortgaged properties they own to expand and gear up investment potfolios.
High-Scoring Borrowers Pay Cards Ahead of Mortgages
Credit
How Your Credit Score Affects Credit Card Applications
When you want to apply for a loan, you should know something about your credit..."Economics
AfI launches key account exclusive and cuts rates
Abbey for Intermediaries has launched a new key account exclusive and has also..."Investing
Northern Rock improves broker exclusives
Northern Rock has reduced rates by up to 0.18% on its Intermediary Exclusive..."Insurance