Definition of bad credit

What is bad credit? Bad credit refers to a person's history of not paying their bills on time and the likelihood that they will not make the payments on time in the future. This often results in a low credit score. Businesses…

Are payday loans really all bad?

A new paper suggests that payday loans improve well-being in some situations, but not others.By Dwyer Gunn(Photo: Thomas Hawk/Flickr)Payday lenders occupy a controversial niche in the market: industry opponents say they trap unsuspecting!-->!-->!-->!-->!-->…