I wanted to start off mentioning a core rule that Chase Bank follows when it comes to credit card approval criteria. Chase follows what they call a 5/24 rule, which means its almost impossible to get approved for a new Chase credit card if you have 5 + inquiries on your credit file in last […]
First off let me be clear about something, the contents of posts like “Best Tradelines For Bad Credit” are not sponsored and not “my pick” because I have an affiliation with the creditors. If you look around at your typical “credit site” like Nerd Wallet or Bankrate, they all do the same thing, which is […]
Its been a few weeks since I caught you up with the jobless numbers here on ItsDumbMoney, well this last weeks numbers came in at 2.44 million Americans filed for unemployment benefits for the first time. As you can see the peak has already passed and its on its way down, but the 9-week total […]
These numbers are the worst we have ever seen!
25% of Ally Financials borrowers have deferred payments
The days of easy credit approvals and clockwork CLIs may be ending soon!
Fresh Consumer Credit & Debt Data Some fresh consumer debt stats for you (A mix of December 2019 & April 2020 data).. Average FICO credit score was 695 and on VantageScore it was 673 (as of December) Approximately 14% of the population has no credit score whatsoever and is labeled as credit invisible.(as of December) […]
Experts expecting jobless numbers to top 25 million by next week