CFPB: How to Deal with “Bad Credit” – or No Credit – When You Want to Buy a Home
Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Choosing a mortgage to pay for your new home is just as important as choosing the right home. You have the right to control the process. Check out our other blogs on homebuying topics, and join the conversation on Facebook…
CFPB: Managing Your Spending to Achieve Your Goals
Getting feedback on spending can help you keep your spending in check. Have you ever lost track of how much money you spent during the week, and ended up spending more than you meant to? If you’re having trouble sticking to a budget or saving money, you are not alone. According to consumer marketing research,…
CFPB: Get Money Smart
Here at the CFPB, we wish every week could be Money Smart Week! Our goal is to arm people with the information, steps, and tools that they need to make informed financial decisions for their personal situation and goals. From setting up a bank account to taking out a student loan, we know it’s helpful to have trustworthy…
CFPB: Using alternative data to evaluate creditworthiness
Without credit, it is nearly impossible to buy a home or start a business. People face barriers to accessing credit or have to pay more for credit for several reasons. Some people have negative items, such as a record of late payments, on their credit report. Other people have trouble documenting their income. Still others…
CFPB: Bureau Explores Impact of Alternative Data on Credit Access for Consumers Who Are Credit Invisible
CFPB Seeks Public Feedback on Benefits, Risks of Using Unconventional Sources to Extend Affordable Credit to Consumers Lacking Credit History WASHINGTON, D.C. – The Consumer Financial Protection Bureau today launched an inquiry into ways to expand access to credit for consumers who are credit invisible or who lack enough credit history to obtain a credit score….
CFPB: Tax Time Savings Tips
If you’re feeling like you just can’t get ahead, saving at tax time may help you get started. Saving throughout the year can be tough. It may feel like every paycheck is spent before you get it. You might not have access to an easy way to save, like a separate account or automatic deposit…
CFPB: How to Decide How Much to Spend on Your Down Payment
One of the toughest parts of buying a home for the first time is coming up with a down payment. You may have heard that in order to buy, you should have 20 percent of the total cost of the home saved up for the down payment. Actually, you can choose how much to put…
CFPB: Debt Relief Attorneys Sued for Collecting Illegal Fees from Struggling Consumers
WASHINGTON, D.C. – The Consumer Financial Protection Bureau today took action against a ring of law firms and attorneys who collaborated to charge illegal fees to consumers seeking debt relief. In a complaint filed in federal court, the CFPB alleges that Howard Law, P.C., the Williamson Law Firm, LLC, and Williamson & Howard, LLP, as well as…
CFPB: Tips for Student Loan Borrowers
We frequently hear from borrowers and cosigners, including veterans and servicemembers, who are working hard to stay on track and pay off their student loans but are struggling to get the information and the help they need from their student loan servicer. With this in mind, we put together these tips to help consumers tackle…
CFPB: Easy-to-Remember Guidelines Help People Reduce Credit Card Debt
Take a short guideline like “don’t swipe the small stuff” and make it your own. You might just find that you’re better able to control your own credit card debt. Have you ever looked at your credit card bill and wondered where all those charges came from? Or found yourself swiping your credit card for…