• Startup cards can help build credit even in tough times

    4 days ago - By Chron

    While major credit card issuers tightened lending standards and slashed credit limits amid COVID-19, some financial technology startups took a different tack.
    In 2020, young companies like Grow Credit, TomoCredit and Chime launched or expanded credit cards that are available to those with less-than-ideal credit - because they don't run a credit check at all. Instead of relying on the traditional FICO credit scoring model, these “fintech” products can evaluate alternative factors like bank accounts and money management to determine eligibility.
    What's more, these cards don't feature annual...
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  • AM Best Upgrades Issuer Credit Rating of Farmers Fire Insurance Company

    4 days ago - By A.M. Best

    AM Best has upgraded the Long-Term Issuer Credit Rating to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ of Farmers Fire Insurance Company ...
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