How to Understand Credit Report
How to Understand Credit Report posted on January 8th, 2009 Now that you have obtained your credit report, ... the company name is a description of the type of account (such as student loans, credit card or line ... the first thing you need to do is read through it and understand what it all means. Don’t feel bad [more...]
Date: 2009-01-08 08:35:23
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REPORT: Credit lines increasingly hard to come by for auto dealers
Filed under: Car Buying Like him or loathe him, George W. Bush's clearest, most salient speech came almost a year ago on September 25, 2008 when our Harvard MBA president explained to the nation and the world exactly how bad the economy had gotten and why so much federal money ($700 billion-ish at the time) was being hurled at America's banks. The full speech can be found here , but one little section bears quoting: The decline in the housing market set off a domino effect across our economy. [more...]
Date: 2009-09-03 15:02:57
Bad Credit Doesn’t Mean No Credit
by Chris A Smith Just because you need help with your credit report does not mean you are automatically excluded from getting a new line of credit. Each lending institution, be it a credit card company or a bank, has it’s on rules regarding the granting of credit and often times these can vary greatly from institution to institution. Usually, the company offering the best rates and terms is more conservative than others and will consider the entire credit history of an applicant. [more...]
Date: 2009-06-08 12:30:05
Credit Card Debt: Next Big Hit to Banks?
Given how overextended consumers are, and how banks have been cutting back on the cheapest piggybank, home equity loans, by slashing those credit lines, and the reports of rising delinquencies from even conservative ... in credit card losses. But under the new bankruptcy code, if you do no qualify for Chapter 7 bankruptcy [more...]
Date: 2008-10-01 09:17:30
Your Credit Report Card
Mark Frauenfelder is the co-founder of my favorite sites, Boing Boing (which is a “directory of wonderful things”). Mark’s also a GRS reader. He dropped me a line the other day to tell me about a new project he’s been following. Today, Credit.com is launching a free new online financial tool called Credit Report Card . This tool is designed to provide users with a quick snapshot of their credit reports. [more...]
Date: 2009-09-29 18:00:31
Following Grueling Financial Times You Can Re-establish Your Credit
September 29, 2009 | By Kevin Lynch In Blogging | by Kevin LynchRebuilding credit after a time of monetary hardships, insolvency, repossessions or other monetary damage that blemishes any credit report can be frightening and baffling. For most people these are times of awful pressure. But times change and situations change so don’t let the liberation than comes when the income and cash get back in line be overshadowed by the problems left on the credit report. [more...]
Date: 2009-09-29 17:00:00
Following Complex Financial Times You Can Rebuild Your Credit
Upgrading credit after a interval of monetary hardships, bankruptcy, repossessions or other monetary strain that blemishes any credit report can be scary and baffling. For most people these are times of hideous strain. But times change and situations change so don't let the relief than comes when the wages and money get back in line be overshadowed by the tribulations left on the credit report. [more...]
Date: 2009-09-30 14:11:53
Beware Long-Term Cardholders With Perfect Payment Histories, Your Credit Lines May Be Slashed [Credit Cards]
Oliver paid off his Citibank platinum card on time, in full, every single month since 1989, ... up on his credit report. Oliver writes: I’ve been a Citibank Platinum cardholder since 1989 – that’s longer ... gleefully informs me that: “Sir, due to some recent negative information on your credit report we’ve [more...]
Date: 2008-07-20 19:00:00
Saving your credit and credit scores
I have blogged about my experiences with American Express and their systematic reductions in my credit lines ... as “closed as consumer’s request”) which would have locked in the higher credit limit on the credit report. Canceling a card with a good history will impact your credit, but being at 99-100 [more...]
Date: 2009-01-14 23:51:28
Maintaining Excellent Credit Rating
Being approved for credit is a sign that someone is willing to take a risk on you with their money ... of all, get your free annual credit report from the credit bureau. Check for mistakes or false ... bills - food, utilities, rent, or mortgage. Before you go out shopping for credit lines, make sure [more...]
Date: 2009-01-15 03:41:35
5 Factors Affecting Your Credit Score
Here’s the bottom line. I'm told all the time: “I PAY MY BILLS ON TIME, BUT MY PEOPLE SAY MY CREDIT STINKS ... as a roadmap to building a good credit report. Here are 5 factors impacting your credit score ... is positive, rather than a concentration in credit cards only. 5. Inquiries have a 10 percent [more...]
Date: 2009-01-16 18:53:07
Bye Bye Nortel
Once North America’s 2nd largest telecom equipment maker, Ontario-based Nortel Networks Corp. (NT) filed for bankruptcy this morning ... . In its bankruptcy filing, Nortel reported that it owes $187m on that line of credit. ... s expiration of a 30-day waiver granted by Export Development Canada on a (US) $750m line of credit — [more...]
Date: 2009-01-14 18:01:54
Who’s At Fault for Economic Crisis - Everyone: Tom Friedman
I would encourage everyone to read Thomas Friedman’s column in the New York Times today. Along those same lines check out PBS’ Now and their report on the credit rating agencies ... , with nothing down and nothing to pay for two years; people who had no business pushing such mortgages [more...]
Date: 2008-11-26 14:57:32
Eleven Ways To Improve Your Credit Score
Credit scores are one of those little things in life that while they can have a significant impact on people's financial bottom lines, ... your score. 1) Order a copy of your credit report. Review it carefully. Correct any significant errors. This can be done by sending in letters to all three of the credit bureaus. 2) Pay your bills [more...]
Date: 2008-12-12 18:02:36
If Stephen Colbert were the CEO of Zappos: Explaining a layoff to your employees
image On The Colbert Report , it’s called "The Word". In Web 2.0, it’s called "transparency ". Historically, it’s called "telling the truth" ... that we have a revolving line of credit from Wells Fargo, US Bank, and Keybank. This line of credit has given us a lot [more...]
Date: 2008-11-13 20:01:44
Media Digest 12/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
Newspaper According to Reuters, US car sales are expected to be down sharply for November ... that the GM (GM) board is reviewing the firm's turnaround plan. Reuters writes that credit card companies will cut available lines of credit by $2 trillion over the next 18 months. Reuters reports [more...]
Date: 2008-12-01 08:45:43
Banks Supposedly Will Cut Consumer Credit Card Lines by $931 Billion if Reforms Mandated
There is a rather amusing story at the Financial Times tonight, "Credit card reforms ‘to cost banks billions’". Let's look at the particulars ... that banks will lose $10 billion in interest annually, reduce credit lines by $931 billion, and put ... not get anyone well known for banking expertise to put its name on a self-serving report [more...]
Date: 2008-12-15 01:59:42
ONE Tip for 2009 - Identity Theft Still Rampant so Sign up for Lifelock.com
I got this email from some very close friends yesterday who were asking to spread the word about their identity thefts: ... more issues on my credit report before it is over. I am going to have to testify against the woman ... in custody. We have had credit card fraud, checks cashed, new accounts opened on line and in stores [more...]
Date: 2009-01-01 19:51:24
Tribune Company Weighing Bankruptcy
Tribune Company is considering whether to file for bankruptcy, according to several news reports out today ... . has cash and could draw on an existing line of credit with its senior lenders to pay Monday's bill ... how seriously Tribune is considering bankruptcy, according to a cautiously written report in The New [more...]
Date: 2008-12-08 20:57:31
More Consolidation Debt Help
Debt got you down? You’re not alone. Consumer debt is at an all-time high and it’s not getting any better any time soon ... on your credit report for 10 years, and can hinder your ability to get credit, a job, insurance, or even a place to live. The Federal Trade Commission (FTC) cautions consumers to read between the lines [more...]
Date: 2008-12-07 14:49:49
A Small Silver Lining
A Small Silver Lining Jennifer Rubin - 10.30.2008 - 11:20 AM The Wall Street Journal reports: ... to loans amid the global credit crunch. Many college-age kids are setting their sights on less ... While many parents and students have long emphasized getting into a top school over financial [more...]
Date: 2008-10-30 15:20:15
M3 Contraction - The Future Is Now
The Telegraph is reporting Sharp US money supply contraction points to Wall Street crunch ahead ... asset prices are plunging. Those with good credit do not want to borrow and those with bad credit ... , or hyperinflation missed the boat on this big time. Now that those credit lines have been tapped or shut off [more...]
Date: 2008-08-19 17:20:55
Cut Costs On Your Restaurant Bill – Eat At Home
This is a guest post from Trisha Wagner, a freelance writer for DestroyDebt.com. Destroy Debt is a debt community featuring debt forums ... with staggering debt levels, unemployment and reaching the end of their credit limit. The restaurant ... my son to his favorite restaurant after receiving a good report from daycare. As we got in line [more...]
Date: 2009-01-06 11:00:02
Great GM Giveaway May Rescue June Sales. But At What Cost?
We're getting reports from the front line that GM's 72-hour sale is a success-- of sorts ... stop digging" maxim; offering low credit score buyers up to 150 percent loans (to get them ... . IF this plays out across the country, GM's Black Hole Tuesday numbers will be bad, but they won't be as bad [more...]
Date: 2008-07-01 14:05:07
GM 72-Hour Giveaway May Prop-Up June Sales
We're getting reports from the front line that GM's 72-hour sale is a success-- of sorts ... digging" maxim; offering low credit score buyers up to 150 percent loans (to get them ... . IF this plays out across the country, GM's Black Hole Tuesday numbers will be bad, but they won't be as bad [more...]
Date: 2008-07-01 14:44:07
Walking Away Relieved When Deals Were Rejected
The Philadelphia Inquirer reports from Pennsylvania. “This is supposed to be a buyer’s market ... We refinanced and took out a home-equity line of credit several years ago to help make ends meet [more...]
Date: 2008-11-21 15:50:35
New Life Church, 2 Years After Haggard; 1 Year After Shootings, is Thriving
It's been a rough couple years for New Life Church in Colorado Springs ... , he was given the status report: $25 million in debt on New Life’s massive building; no available cash, and a line of credit was being utilized to help pay the salaries of the church’s 150 staff [more...]
Date: 2008-12-10 14:41:12
Game Day New York
Game Day New York 6:20 AM Dave Johnson checking in from New York… ... left knee)…full credit to him after a sluggish perioed he worked hard..got back in the line ... Report Posted: January 14th, 2009 under Wizards. [more...]
Date: 2009-01-14 11:36:52
White House Throws GMAC $6 Billion Rescue Line
Remember when the Bush administration was opposed to tapping the $700 billion Wall Street bailout to help Detroit’s Big Three? Fugetaboutit ... percent fewer loans worldwide than it did a year before, Dow Jones reports.) The $6 billion — ... from a minimum credit bureau score of 700 two months ago down to a score of 621. From a statement from GMAC [more...]
Date: 2008-12-30 16:29:15
Friday Morning Coffee with TradingMarkets
SP 500, Dow 30 Down for Second Consecutive Session on Thursday ... GE Slides On Credit Concerns... Darden Restaurants, 3Com, Accenture Beat Earnings ... Research in Motion Earnings in Line, Palm Misses Big ... Jabil Circuit Reports Friday Morning. [more...]
Date: 2008-12-19 14:00:00
Recession Should Be Over Soon
This chart and the other chart below are from a report on the Vox blog ... with a stock-market crash and a melt-down of the financial system. Banks withdrew credit lines [more...]
Date: 2009-01-14 22:26:25
Bush's presidency nears end with a moment eerily reminiscent of start
Professional political reporters hear a lot of talking in their line of work. Every once in a while they witness a piece of history ... credit: Associated Press [more...]
Date: 2009-01-12 18:04:55
Russia’s oligarchs queue for loans
Russian oligarchs are lining up for $78bn of Kremlin loans to survive the credit squeeze, handing Prime Minister Vladimir Putin the opportunity to increase government control of the nation’s biggest companies, reports Bloomberg. More than 100 business leaders are vying for loans [more...]
Date: 2008-12-22 05:32:23
U.S. Telecom and Cable Credit Profiles to Weaken in 2009
Debt ratings agency, Fitch has updated a ratings report issued last month and now says that it expects that revenue growth will be negatively impacted by growing local exchange carrier access line [more...]
Date: 2009-01-11 21:21:17
MORE MILLIONS SEIZED FROM THE NARCOS
NATIONAL ASSOCIATION OF FORMER BORDER PATROL OFFICERS Visit our website: http://www.nafbpo.org Foreign News Report The National Association of Former Border Patrol Officers (NAFBPO) extracts and condenses the material that follows from Mexican and Central and South American on-line media sources on a daily basis. You are free to disseminate this information, but we request that you credit NAFBPO as being the provider. Tamaulipas en Linea – Cd. Victoria, Tamps. [more...]
Date: 2009-09-30 16:08:15
NUMEROUS COPS DISCOVERED WORKING WITH CARTELS ARE DETAINED
NATIONAL ASSOCIATION OF FORMER BORDER PATROL OFFICERS Visit our website: http://www.nafbpo.org Foreign News Report The National Association of Former Border Patrol Officers (NAFBPO) extracts and condenses the material that follows from Mexican and Central and South American on-line media sources on a daily basis. You are free to disseminate this information, but we request that you credit NAFBPO as being the provider. [more...]
Date: 2009-09-29 23:28:48
We Got Press
Shrimpton Couture & our new RSVP line made the cover of Globe & Mail style section today! Here's the full article: THRIFT 2.0 Forget the credit crunch: Frugal fashion never looked so good. With vintage gone viral, the cool kids are refashioning preloved finds into up-to-the minute looks. Amy Verner reports November [more...]
Date: 2008-11-08 12:16:00
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