Credit Rating

A credit rating is an evaluation of the credit worthiness of a debtor, especially a business (company) or a government, but not individual consumers. The evaluation is made by a credit rating agency of the debtor's ability to pay back the debt and the likelihood of default. Evaluations of individuals credit worthiness is known as credit reporting and done by credit bureaus, or consumer credit reporting agencies, which issue credit scores.Credit ratings are determined by credit ratings agencies.
Posts about Credit Rating
    • Using Chapter 13 Bankruptcy to Prevent Foreclosure

      Bankruptcy can meet your financial goals in many different ways. To access the debt relief tools that are right for them, however, debtors must identify the specific problems they wish to address. An experienced Missouri bankruptcy attorney can help debtors find the most effective measures for meeting their financial goals. 10 readers -
  • INVESTIGATION: Clayton Homes, Vanderbilt Mortgage, 21st Mortgage

    … Clayton Homes… by far the biggest player in the mobile home industry. Along with Vanderbilt Mortgage and 21st Mortgage and 25+ other companies, the Clayton Home empire is huge. And it just may be the most predatory mobile home seller and lender in the nation. Clayton Homes was purchased by billionaire Warren Buffett’s Berkshire Hathaway in 2003…

    Due Diligence- 19 readers -
  • School Closure Could Provide Student Borrowers with Debt Relief

    … may still be able to help While bankruptcy may not be able to discharge your student loan debt, it may be able to discharge other debts or reduce your monthly payments enough to allow you to be able to afford your student loan payment and protect your credit rating. Among the kinds of debts that bankruptcy can often discharge include…

    Ronald D. Weiss, PC- 36 readers -
  • Student Loan Delinquency vs Default – The Difference

    … will follow. Defaulting on Federal Student Loans The most significant consequence of a federal student loan being delinquent is the negative treatment on your credit report which can adversely affect your credit rating. However, that pales in comparison to the most serious consequences of reaching default status with your federal student loan. Once…

    Carla M. Handy/ Bond and Botes- 36 readers -