With technology as advanced as it is today, we should touch on the fact that banks keep detailed profiles on each client. The quality of the profile information depends on the type of internal computer infrastructure that exists for that bank. Almost all banks in the United States have a global presence, and a strong [...]

Meet Mr. Roberts
Mr. Roberts, a fictional character for this personal financing case study, is applying for a loan when the loan officer (lender) asks him, “What loans and credit cards do you currently have?”
Mr. Roberts replies, “Here is a recent copy of my Credit Bureau report I received last week. Can you tell from this [...]

Aside from insurance, commodity and global market focuses, banks are in the business of lending money to retail and commercial markets to earn a profit. Profit (revenue) is earned through the collection of fees and interest.
The Way Banking Was
At one time local banks had the upper hand when it came time for the customers to [...]

These four tips will help you maintain a strong credit rating. These are the very basic, and most important tips for keeping your credit rating in good shape going forward.
1) Know your financial worth. It’s impossible to plan and stay on a budget if you don’t know how much money you have to work with. [...]

You may be surprised to learn that most banks don’t report your mortgage balance or repayment history to a credit bureau agency. When you review your report your mortgage will not appear on it. There is no mistake here. This also means, similar to overdrafts and private loans, a lender reviewing your application for credit [...]

At one time people were able to walk into a bank with $1000 in cash to secure their first $1000 credit card. Their new card was 100% cash secured which removes most risk from the bank to help someone establish themselves within the financial sector. This seems simple enough right? Today however, times have changed [...]

Your monthly budget likely accounts for every dollar coming into your home. Perhaps detailing each payment and expense you’ll be required to pay for that month while the amount of cash left over you designate toward savings. When you’re sitting at your kitchen table trying to calculate if you can afford another loan, I bet [...]

There is a slang credit bureau report expression known as a “hit”, which refers to the action that occurs when a copy of your credit Bureau report is requested by a computer.
Many people believe (and some not so smart so-called experts) that no one will know where or how many times they have applied for [...]

There will come a time when you apply for a loan and your spouse’s credit bureau report will also be reviewed. The benefit of two incomes also carries with it the prior repayment history of each applicant. Challenge your individual rights to privacy based on marital status, sexual orientation, religion, and other personal information. Question [...]