August, 2021

Remove category illinois
article thumbnail

What is a good credit score range?

Better Credit Blog

It’s a fairly complicated process, but to simplify it, Corraro says that “data from your credit report goes into five major categories that make up a FICO score. Okay, got it. Now how are credit scores determined, anyway? Those factors are weighed differently.”. Payment history: (35 percent). Amounts owed: (30 percent).

Lender 59
article thumbnail

‘Undue Hardship’ Is Too Strict A Standard To Discharge Student Loans In Bankruptcy, ABA Argues

Collection Industry News

It was the second-highest consumer debt category, behind only mortgages. Dick Durbin, a Democrat from Illinois, and Rep. In 2019, more than 44 million borrowers owed more than $1.5 trillion in student loan debt, according to data from the Federal Reserve cited in the report accompanying the resolution.