A new study from the credit firm Transunion shows that consumers are still managing their debts in way that may ease most landlords’ concerns, even as many are struggling with finances due to the COVID-19 pandemic. The study found that around 25% more renters entered relief programs in March and April due to shutdown orders
Some consumers could see their credit scores jump higher
Consumers with low credit scores could soon have something to cheer about with the news that the three major credit reporting agencies in the U.S. are to implement policy changes that could lift their scores.
More renters looking to buy in 2017, study shows
A surge of renters are ready to make the leap into homeownership, with 55 percent of those who actively shopped for a mortgage in the first quarter of 2017 being non-homeowners.
Mortgage Delinquencies Set to Decline Next Year
The amount of borrowers struggling to keep up with their mortgage payments has been predicted to decrease by the end of 2012, so long as the US economy doesn’t experience any more hiccups, according to the Associated Press. Mortgage delinquency rates, which are used to illustrate the ratio of borrowers that are more than 60