Lending Decisions News Today

The article provides a clear distinction between the CIBIL score and the CIBIL report, which are important factors in assessing an individuals creditworthiness

Agreement with the fdic. they later confirmed that our bid was almost $1 billion higher than the next best bid. we were willing to invest $1.6 billion into the most costly bank failure ever to the fdic deposit fund. we did this because we believed in our ability to rebuild and create a successful regional bank. we believed in the recovery for the american economy. let me be clear. my group had nothing to do with the creation of the risky loans in the indy mac loan portfolios. when we bought the ...

Other than business. >> gretchen: thank you. we all know the credit bureaus are keeping tabs on your credit history. but theyre also keeping quiet on things that could cost you big time. personal finance expert is here to tell us five things the credit bureaus wont tell you. why? why do think keep secrets? >> dirty little secrets of the industry. the first one, you dont want what were selling. >> they could sell you your credit score, right? this may just be an educational score. just sort of yo...

Firing people in part. but you may start to at least feel somewhat confident. watching stock prices. that may lead you to think ive got to start reinvesting in the business. we might see that. small business, medium sized businesses i think its a larger question. the banks got us into this problem in part by making poor lending decisions. now they dont want to do that again and they are much more strin gent, they are not lending, hard to get access to capital. thats what you need if youre going ...

You cut your costs a lot by firing people in part. but you may start to at least feel somewhat confident. watching stock prices. that may lead you to think ive got to start reinvesting in the business. we might see that. small business, medium sized businesses i think its a larger question. the banks got us into this problem in part by making poor lending decisions. now they dont want to do that again and they are much more strin gent, they are not lending, hard to get access to capital. thats w...

Small businesses that im helping? >> yes. there will be complete transparency on the website where the money is going. how many jobs were creating. believe me when i tell you, this is nothing about starbucks, this is what we and other businesses can do to use our scale for good. >> just to go on the other side for a minute. a lot of bankers that i speak to on this show say, we have money that we would love to lend, but the people who are coming and asking for loans arent fundable right now. we c...