Chase Stops HELOC Loans

Initially, JPMorgan Chase announced that they were increasing their lending standards for home mortgage borrowers. The new threshold would require at least a 20% down payment and a FICO score of minimum 700. This might appear to be severe but the average FICO score in...

Personal Debt Overview

First of all, not all debt is calculated equally.  There is standard credit card debt, and then student debt, auto loans and home mortgages. They aren’t viewed the same way by the credit agencies. A recent article reported that the average amount carried on a credit...

American Debt

Americans over the age of 18 report that they average $29,800 in personal debt. This does not include mortgages. The financial cultures debt has approximately 15% of Americans believing that they will be in debt for the rest of their lives, according to Northwestern...