10 Updates

Jane White: There's a Chance Your Credit Report Is Wrong and the New Consumer Agency Is Hamstrung

Source: The Huffington Post, Dec 6 2012, 1:22pm CST

What do you regard as the most infuriating experience you ever endured -- dealing with the cranky Patty/Selma clerks at the Department of Motor Vehicles? Driving behind slow-driving geezers? Watching Fox News? How about discovering you have a les ...

Continue reading on: The Huffington Post

 
 
Update
10

8 hours ago

Just When You Thought You Knew Every Way Your Credit Report Could Be Used Against You. (A Case Study)

Source: Forbes  |   May 19 2013, 12:22pm CDT

Whether we are talking about mortgage loans, credit cards, auto or student loans, most people know that credit reports play an important role in our lives. And they, like you, understand that having poor credit can impede our efforts to gain financin ...

Continue reading on: Forbes  More like this

 
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9

1 day ago

More credit myths that can trip you up: Plain Dealing

Source: Cleveland.com  |   May 18 2013, 11:03am CDT

The idea of "credit" has become a modern-day Medusa. We have a tangle of credit scores, reports and scoring formulas. We're afraid to look. Only 5 out of every 100 of us pull our credit reports, even though it doesn't cost ...

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8

23 weeks ago


Quote:
"The industry has attempted to rebut these statistics by claiming that fewer than 3 percent of credit reports are inaccurate; however, it reached this statistic by counting only those credit reports in which the consumer: (1) was denied credit; (2) requested a copy of their credit report; (3) filed a dispute; and (4) the dispute resulted in a reversal of the original decision to deny credit."


Source: The Huffington Post

 

Latest Politics News

 
Update
7

1 day ago

Five myths and secrets about your credit rating

Source: Daily Mail - UK  |   May 18 2013, 3:23am CDT

Rates on loans and credit cards are falling thanks to the record low bank rate and Government measures to kick-start spending in the economy - but firms have also become more circumspect about who they lend to. Showing you are a responsibl ...

Continue reading on: Daily Mail - UK  More like this

 
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6

2 days ago

Consumer Reports warns of deceptive mortgage ads

Source: KABC Los Angeles  |   May 17 2013, 8:45pm CDT

LOS ANGELES (KABC) -- Home-refinancing ads arrive in the mail all the time and keep popping up on your computer screen. They promise rock-bottom mortgage rates and easy approval. The offers are tempting bu ...

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5

2 days ago

Does Canceling an Unactivated Card Hurt Credit Scores?

Source: FOX Business  |   May 17 2013, 6:10pm CDT

What will happen to your credit score when you apply for a credit card, you get approved and the credit card is sent to you, but you never activate it and never use it? The reason why I never activated the credit card is because the c ...

Continue reading on: FOX Business  More like this

 
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4

2 days ago

The Fight Club: Are “Dignity Mortgages” Essential or Insane? Money Morning

Source: Wall Street Examiner  |   May 17 2013, 10:57am CDT

Editor’s Note: There’s a new idea sweeping through the country. It’s called dignity mortgages. Backers say this new financing idea will help millions of homeowners and get the middle class back to the heart of the Am ...

Continue reading on: Wall Street Examiner  More like this

 
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3

3 days ago

When Getting a Credit Card for Your Business Is the Right Move

Source: Black Enterprise  |   May 16 2013, 3:04pm CDT

There is an old saying that “you’ve got to have money, to make money.” Gamblers use it all the time. So do entrepreneurs, especially the ones who don’t have any money. Nothing crushes the entrepreneurial spirit faster than ...

Continue reading on: Black Enterprise  More like this

 
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2

3 days ago

New survey sheds light on nation's financial illiteracy

Source: Des Moines Register  |   May 16 2013, 4:23am CDT

Roughly 40 percent of adult Americans donÂt know that credit card issuers and mortgage lenders use credit scores in their loan approval and pricing decisions, says a new survey that sheds light on financial illiteracy. A similar number er ...

Continue reading on: Des Moines Register  More like this

 
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1

3 days ago

Should You Refinance?

Source: The Epoch Times  |   May 16 2013, 2:53am CDT

This week’s: Should You Refinance Your Mortgage: Quick Study Sheet (Updated) Conforming Loans (up to $417,000 loan amount): If your rate is over 3.75 percent, you should consider refinancing. High Balance Loans (up to $625,500 loan amount): If your ...

Continue reading on: The Epoch Times  More like this

 
 
 
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