The subprime meltdown was the sharp increase in high-risk mortgages that went into default beginning in 2007, contributing to the most severe recession in decades. The housing boom of the mid ...
Not all borrowers qualify for a regular or "prime" mortgage loan, often due to having poor credit. If a lender considers you to have a greater risk of default than other borrowers, you might only ...
fstop123/Getty Images Subprime rates are higher than average interest rates charged to subprime borrowers, such as on loans to people with poor credit scores. Subprime rates will be higher than ...
We aim to break down complicated concepts, loop you in on the latest trends, and keep you up-to-date on the stuff you can use to help get your money right. Labels like prime and subprime help denote ...
My research on fees will answer why some cards have fees and others don’t. A credit card maintenance fee refers to a monthly charge subprime credit card issuers impose for the privilege of using their ...