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Loan Modification

: Loan Modification & Home Loan News

Credit card companies must now disclose info behind rate decisions

By Moe Bedard

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(Source: By Tim Grant, Pittsburgh Post-Gazette) – Some borrowers are more creditworthy than others — which has been the standard explanation as to why lenders offer the lowest rates to customers with the best history of repaying loans while riskier clients pay higher interest. A new federal law that took effect Jan. 1 requires lenders [...]

Full post as published by Loan Modification & Home Loan News on January 31, 2011 (boomark / email).

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