The average credit score for Americans rose to 696 last month, the highest in the last four years, according to Equifax Inc., a consumer-credit data provider. Federal Reserve data suggests that delinquencies have dropped 30 percent in two years as well. Pair those statistics with the fact that the ratio of consumer-debt payments to incomes is the lowest in 17 years and all signs point to a…
Vanishing Act: Your Home Insurance Coverage
There’s a disturbing nationwide trend of insurance companies chipping away at coverage for homeowners, says Amy Bach, executive director of the nonprofit United Policyholders consumer group. She says she’s disturbed by what she sees as policies becoming less adequate.
“We have been working on a number of fronts to try to reverse this tide, while alerting consumers so they have a chance to…
Current State of the US Housing Market
Although parts of the U.S. economy have shown some signs of recovery, the housing market remains in a slump in some areas. Federal Reserve Chairman Ben Bernanke has a plan to help the housing market. Bernanke’s plan includes modifying more mortgages and making the buying process more streamlined.
Declining home prices: the good and bad
The plan has received criticism from those who…
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