Civil rights complaint filed over subprime credit ratings

The National Community Reinvestment Coalition (NCRC) has filed [ ... claiming that two leading credit rating agencies, Moody's Investor Services and Fitch Inc. corporate ... of subprime securities’ ratings. John Taylor, president and CEO of NCRC, said in a statement:The complaint [more...]

Date: 2008-11-30 19:29:37

Blog posts (18) | Videos (10)
 

UAE banks assigned negative outlook

Financial Times: Moody’s Investors Service, the credit rating agency, has placed the United Arab Emirates banking sector on a negative outlook, ... . ... Tightening credit conditions, liquidity constraints, a collapse of regional equity markets and tumbling oil prices will also contribute to increased strains at UAE banks, Moody’s added in its report [more...]

Date: 2009-01-15 16:23:15

Beware of Debt Reduction Advice

In a recessionary period like the one we are experiencing today there is a natural increase in personal financial turmoil ... associated with servicing such debt at very high interest rates, in particular credit card debt. People with high outstanding balances in their credit cards find themselves in a bind as they struggle [more...]

Date: 2008-12-12 11:00:20

Identity Theft and Your Online Job Search

By Sharon Davis While identity theft is nothing new, the Web has opened up whole new world of opportunity for identity thieves ... of all complaints, in 2001. The thief will use your personal information to open credit card accounts, cell ... and ruined credit ratings. Identity thieves may pose as representatives of banks, Internet service [more...]

Date: 2009-01-10 04:02:59

SBFC Law Group Does Wonderful Credit Repair

by Garth Dillon It’s just a fact that more people today then ever before are being left licking their wounds with bad credit. It’s the recession/depression or what ever you want to call it. The real bad deal of it all, is that as soon as the economy turns around, you will be back in the game, so your bad credit rating will be a burden. Only Frauds Claim They Can Get Rid of Bankruptcy Don’t spend a dime on some service that tells you they can wholly restore your credit. [more...]

Date: 2009-09-23 07:48:12

Warning to taxpayers, investors — Part 2: Nukes may become troubled assets, ruin credit ratings

Part 1 presented a new study that puts the generation costs for power from new nuclear plants at from 25 to 30 cents per kilowatt-hour — triple ... its credit ratings several years into the project, according to a new report from Moody’s Investors Service… ... ). The risk to utilities who start down the new nuke path is also great. A June 2008 report by [more...]

Date: 2009-01-07 13:43:01

Downgrades of European Real Estate Companies More Likely

The European real estate sector’s business model resilience and companies’ financial policies will be tested over the coming months,  Standard & Poor’s Ratings Services says in a new Industry Report Card. In the context of lower investor ... . Technorati Tags: credit-ratings, European real estate, standard-and-poors [more...]

Date: 2009-01-12 15:24:08

Moody’s to Introduce New Spokesmoose to Repair Image

Come on Down to Moody's HQ to Meet Raytee! If anyone has a public relations problem, it’s Moody’s (MCO) , once a well-respected bond ratings service, now DC’s favorite whipping boy for its role in the credit meltdown.  Between Buffett ’s dumping of the company’s stock and Greenlight’s David Einhorn pitching it as an investment short, management at Moody’s has decided to play a little offense. [more...]

Date: 2009-09-26 18:47:14

Cortera launches first community for small business credit repor...

Boca Raton, Florida and DEMOfall 2009, San Diego, California (PRESS RELEASE – September 26, 2009) — Cortera™, a community-driven business information company, today unveiled the Cortera Credit Exchange™, http://www.cortera.com, a new online service that, for the first time, blends business credit report data with user generated payment experience reviews and ratings from companies’ business partners. read more [more...]

Date: 2009-09-26 11:00:53

Ex-Moody's employee warned SEC about muni issues

A former employee of Moody's Investors Service warned federal regulators in March about deficiencies in the credit rating agency's monitoring of municipal bonds after being rebuffed by Moody's executives, a document shows. [more...]

Date: 2009-09-30 03:18:49

PNG budget goes for growth despite financial crisis

The Papua New Guinea Government handed down a PGK7.6 billion (approx.US$3 billion) budget for 2009 yesterday ... and telecommunications. PNG’s Standard and Poor’s credit rating was upgraded in 2007 to B+ for long-term foreign ... impact on service delivery, with anecdotal reports suggesting many districts were unable even to obtain [more...]

Date: 2008-11-19 05:44:00

Loanio launch!

Updated: Just after I wrote this, access to the Loanio website has been restricted again. Finally! ... a origination fee of 1 to 4% of the loan amount (dependant on credit grade). Borrowers can opt for platinum ... are charged a 1.25% annual servicing fee. Lenders bid at the interest rate they want, lowering [more...]

Date: 2008-09-25 13:20:24

Car Loan w/ Bad Credit!

Life is so difficult without vehicles, it can be considered as a primary use of transportation ... , but worry no more! Because this Car loan service gives people an instant car with very low interest rates ... don’t worry about car loan with bad credit. Okay?Then if you register, you will not be given [more...]

Date: 2009-01-15 15:43:00

Outlook Worsening for U.S. Transportation Companies - S

A rapidly deteriorating U.S. economy, slowing growth worldwide, and credit market dislocations are stepping up the pressure on North American transportation companies, according to Standard & Poor’s Ratings Services. The sharp decline in oil prices (S&amp [more...]

Date: 2009-01-14 20:15:18

Ford expects to avoid loans, surprise critics

Ford President and Chief Executive Officer Alan Mulally believes that critics and analysts are too pessimistic with predictions that Ford will ... that we don’t know where the bottom is yet.” Credit rating falls Indeed, Moody’s Ratings Service on Monday reduced Ford’s credit rating to Caa3 from Caa1 and predicted that 2009 industry sales will [more...]

Date: 2008-12-26 10:10:37

Beware of Bogus Credit Repair Companies!

So-called “credit repair” companies claim they can remove negative information from credit reports. Advertising as “Credit Advisors,” “Credit Rating Correction Services” or “Credit Consultants,” they trumpet variations on this message: “Turned down because of bad credit? We can help!” Many [more...]

Date: 2008-10-11 15:21:10

Beware of Bogus Credit Repair Companies!

So-called “credit repair” companies claim they can remove negative information from credit reports. Advertising as “Credit Advisors,” “Credit Rating Correction Services” or “Credit Consultants,” they trumpet variations on this message: “Turned down because of bad credit? We can help!” Many [more...]

Date: 2008-11-06 09:25:07

Interesting Reads 26 Sep 2009

Here is a video of Buffet praising a Chinese suit company I found this week. I thought this was pretty interesting because it looks like Buffet doesn’t wear any other suits these days, so their suits must be really good or at least really good value for money. On to some other great posts this week: Savings Account Rates: The Latest on High Returns @ The Digerati Life Credit Monitoring Services check your credit report @ The Smarter Wallet Understanding Marginal Tax Rates @ M is [more...]

Date: 2009-09-26 14:05:47

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