Ripples from the collapse of subprime lending are spreading beyond the mortgage business
Planning to remodel your kitchen? Better arrange for financing before you hire a contractor. And while you’re at it, pay close attention to your credit card bills. Your interest rate may be going up. Ripples from the collapse of subprime lending are spreading beyond the mortgage business, raising costs for everything from home-equity lines of [...]
Higher Rates, Harsher Terms on Credit Cards
It’s not just mortgages. As it gets tougher to land a home loan, some people are also finding it harder and more expensive to get other types of consumer credit. Some lenders, such as USAA, are nudging up credit-score requirements across their auto loans, credit cards and personal loans. Bank of America Corp. and Capital [...]
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