By Cash Guy

Disaster Looms for Many With Home Equity Lines of Credit

Disaster Looms for Many With Home Equity Lines of Credit
BJDH13 house on a pile of dollars Debt; Equity; Finance; House; Blue Alamy If you have been reading the headlines lately, you will notice a lot of news about home equity lines of credit. On the one hand, we are fearing the looming crisis of resetting …
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for consumers: Home Equity Lines of Credit Making Comeback
The couple recently opened a home-equity line of credit at Landmark Credit Union with a 1.99 percent introductory annual percentage rate fixed for 18 months, and now are picking out kitchen cabinets, countertops and flooring to finally renovate the …
Read more on Mortgage Daily

Blacklisted by ChexSystems? Here’s What to Do

Blacklisted by ChexSystems? Here’s What to Do
The process is similar when you apply to open a checking account, except that the reporting agency in question is ChexSystems. This company helps banks and credit unions identify potentially risky customers by issuing reports that contain an individual …
Read more on NerdWallet (blog)

 

Citibank Reaches Pact With New York on ChexSystems Data
The new rules, scheduled to begin March 15, will change how Citibank uses information from ChexSystems, a consumer-reporting agency that provides records related to customers’ checking- and savings-account histories. They come amid an investigationĀ …
Read more on Wall Street Journal