Latest / The Clark Howard Podcast
12.4.19 Riskier consumer loans; Stop unplugging things; Unsafe toy list
It’s estimated 1 in 5 U.S. adults has a thin or no file by traditional credit reporting methods. A new regulation was issued yesterday giving the green light to new methods of measuring credit worthiness. Rent and utility payments can now be considered along with other behavioral analyses. Many young adults can benefit from this. What you spend vs what you earn is a new and very valid criteria for new scoring models. Do you live on less than what you make? Good saving habits are an indicator of a good bill payer. This hasn’t been a factor until now, to determine credit worthiness. The banking…
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