Credit loosens up for subprime borrowers

June 27, 2012

CHICAGO (MarketWatch)—Good news for those with less-than-stellar credit scores: Banks are finally opening the lending spigots to you, too. “Lending is slowly opening up for subprime consumers,” said Daryl Toor, a spokesman for credit bureau Equifax. Subprime, by Equifax’s standards, are those with credit scores below 660.

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