credit report

Credit Reporting Companies Rank at Top of CFPB Consumer Complaints

Of the five most-complained-about companies, three of them are credit reporting companies By Jeff Sorg, OnlineEd Blog OnlineEd (August 26, 2015). – The Consumer Financial Protection Bureau (CFPB) released its monthly consumer complaints snapshot. The top three companies that received the most complaints from March through May 2015 were Equifax, Experian, and Bank of America. Of the five

Loan Underwriting Approval: Collateral, Character, and Capacity

Qualifying ratios are only the beginning of the loan approval process. The three Cs of loan approval in lending are: Collateral, Character (credit), and Capacity. Collateral – The lender will look to the collateral to hedge its loss if the creditor defaults on the loan. To help analyze the collateral, the lender will order an