Monthly Archives September 2014

Conn’s: Bad Credit, Big Losses

By Ben Levisohn When a stock loses nearly a third of its value, something must have gone wrong, real wrong. And that&’s certainly the case with Conn&’s (CONN) today. AFP The retailer/lender said it earned 50 cents a share during the second quarter, well below forecasts for 75 cents, on revenue of $353 million. Conn&’s […]

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Will a Subprime Auto Loan Bubble Trigger Another Recession?

Is the used car market another financial bubble ripe for a painful pinprick? Financial analysts have worried about subprime-quality auto loans building up to another disastrous bubble since at least 2013. Consumers with less than ideal credit histories have been able to buy used vehicles with limited credit checks or none at all. The resulting […]

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Good news for those with bad credit

The disappearance of subprime mortgages in 2008 all but precluded those with marginal credit from getting a home loan. After being bailed out with taxpayer dollars from TARP, banks unabashedly snubbed their noses at John and Jane Doe with the slightest negativity on their credit reports. But according to new selling guidelines released Friday by […]

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Credit Cards For Bad Credit Can Be A Money Pit

Source: 401kcalculator.org And while there are a bunch of credit card products specifically targeted toward consumers with bad credit, the benefits may not be worth the cost. Specifically, there are better ways to reestablish your credit and gain the freedom that comes with having a major credit card, but without the exorbitant fees and interest […]

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Homeowners Insurance Cost Too Much? Check Your Bad Credit

Read More: Key to Quick Insurance Claim Turnaround? Doing a Home Inventory According to InsuranceQuotes.com, homeowners with lousy credit can pay up to 91% more. Even having mediocre credit can hurt you with homeowners insurance — bringing payments 29% more, on average, then those of consumers with excellent credit. Again, prices vary on a state […]

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Mapping the Spread of Housing Inequality Over the Great Recession

The housing crisis and credit collapse that together comprised the Great Recession disproportionately affected minorities in America in at least two specific ways. As recent research from Rice University and Cornell University has demonstrated, black households were widely targeted by predatory lenders. Building on a major joint report from the US Department of Housing and […]

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John Ninfo: Subprime lending and our economy

In several June blog postings, Atif Mian and Amir Sufi, the authors of “House of Debt,” expressed a concern. To be honest, their concerns, as economists, are definitely my worries, as a former bankruptcy judge and personal finance educator. The concern that they expressed is “that the only way the US economy can generate significant […]

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