Despite the level of economic destruction suffered by millions of Americans –and disparately by African-Americans – during the housing crisis, many people still have only basic knowledge of credit scoring rather than knowledge of the complexities still impacting their financial…
Tag Archive for credit
The push to eliminate predatory lending
by Charlene Crowell •
In the aftermath of a letter signed by 500 consumer advocates from all 50 states, an unprecedented push for reining in abusive small-dollar, high-cost loans has engaged the White House and Capitol Hill. When an increasing number of Americans are…
Student, auto loan debts rise
Foreclosures, bankruptcies drop
by Charlene Crowell •
A new report by the New York Federal Reserve Bank seems to be saying that America’s household credit and debt are about as uneven as the nation’s economic recovery. A new economic analysis found fewer foreclosures, bankruptcies and credit card…
Debt settlement programs are misleading
by Charlene Crowell, NNPA columnist •
You’ve probably heard the advertisements on urban radio urging consumers with at least $10,000 in debt to call a number right away for a financial rescue. Promising to end debt troubles by getting creditors to somehow accept less money than…
Blacks locked out of housing market
by Freddie Allen, NNPA Washington correspondent •
WASHINGTON, D.C. (NNPA) – As the housing market recovers a new report by the Urban Institute shows that Black borrowers “have been disproportionately shut out of the market.” According to the report titled, ‘Where Have All the Loans Gone? The…