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Tag Archives: credit

Buying a car? A home? Fed rate hike shouldn’t matter much

Federal Reserve Chair Janet Yellen's Washington news conference is shown on a television screen on the floor of the New York Stock Exchange, Wednesday, Dec. 16, 2015. The Fed's move to lift its key rate by a quarter-point to a range of 0.25 percent to 0.5 percent ends an extraordinary seven-year period of near-zero rates that began at the depths of the 2008 financial crisis. (Richard Drew/AP)

WASHINGTON — For anyone considering whether to buy a home or car, the Federal Reserve’s interest rate increase Wednesday shouldn’t make much difference. The rates that most people pay for mortgages, auto loans or college tuition aren’t expected to jump ...

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Three indicted for allegedly running credit fraud scheme

Two Baltimore men and a third from Virginia have been charged with running a $2.5 million scheme using stolen Social Security numbers to allow people with bad credit to establish new credit histories and obtain loans and property. A federal ...

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Americans cut back on credit cards for 3rd month

WASHINGTON — Americans cut back on using their credit cards in August for a third straight month, a sign that consumers remain cautious about spending. Consumers increased their borrowing $13.6 billion in August to a seasonally adjusted $3.04 trillion, the ...

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S&P boosts outlook for government’s long-term debt

WASHINGTON — Standard & Poor’s Ratings Services upgraded its outlook Monday for the U.S. government’s long-term debt. S&P cited the government’s strengthened finances, a recovering U.S. economy and some easing of Washington’s political gridlock. The credit rating service raised its ...

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