Money Buzz 6/01
Banks get the skinny on loan applicants, gold as the online currency of choice and employees' 401(k) trading activity
The More They Know
Business owners with good credit, rejoice; overextended borrowers, beware. The Small Business Financial Exchange from Equifax is putting a lot more information at lenders' fingertips about their prospective borrowers by pooling data from participating lenders. That means loan officers can find out from other financial institutions just how much business owners owe, in what form-general loans, credit cards or leasing agreements-and whether they're making good on payments.
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