Is it True About Credit Card Limit Cut Backs?
Yep, you bet. Actually, if you haven’t been contacted by your credit card company yet you should be on the lookout for some form of a notice very ... are getting financially hit here. Having a polished track record and an unsmudged credit score isn’t even ... that will outline the new terms of your credit card, including interest rates and credit card [more...]
Date: 2009-01-02 06:03:30
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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
Bad Credit Repair Tips & Advice
When it comes to trying to get a new car or a new house, there is nothing worse than having bad credit. Poor credit ratings show that you were extended credit and you either charged ... person that is going to be able to help with your credit score so do not wait any longer. The time [more...]
Date: 2009-01-16 00:22:09
What Are Benefits Of Good Credit?
By Darren Cason Most people know that if you have a good credit score, you get good interest rates and better offers on new loans and credit ... requirements. Many apartment managers, landlords, and those who offer leases will check your credit ... the credit report is only to verify past employment, but often the credit score is considered as part [more...]
Date: 2009-01-10 12:00:16
Why Are My Credit Cards Being Canceled?
In today’s economy, credit card companies are changing interest rates at whim (at least until the new credit card laws go into effect…in July 2010 ... . And this could ding your credit score a little bit, which is not something you really want to happen ... by following this simple tip - it helps your credit score and it lets you keep all your available cr [more...]
Date: 2009-01-07 16:59:00
FHA Streamlined Refinance - Lower your Rate and Payments Without Credit Qualifying or a New Appraisal
With rates near an all time low, refinancing has become a big thing again ... refinance: No credit qualifying. This is not credit score based and it is not even necessary to pull a full credit report. Your mortgage does need to be up to date, and current and we will look [more...]
Date: 2008-12-30 16:30:24
Mortgage Interest Rates Hit New Lows
Mortgage interest rates are sitting at about the lowest they have ever been. The averaged 30-year fixed rate loan is hovering at about 4.97% and the average 15-year loan is sitting at just 4.25% as of the week of September 25 th , 2009. These banner rates will be available to consumers with good credit scores, have significant home equity, and know how to shop around for the best deal. If you meet this criterion, it’s an absolutely great time to refinance your loan. [more...]
Date: 2009-09-30 17:45:59
Condos at The Grove
The Grove still has 5 units for sale that have been sitting on the market for months ... Appraisal. 2. Free Credit Report. 3. 30 minute loan approvals on the site. 4. Long term rate lock ... credit rating from both Standard & Poor’s (AAA) and Moody’s (AA+). 7. Rate discounts for existing & new [more...]
Date: 2009-01-15 06:59:08
GMAC Deal Boosts Auto Stocks
The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two ... lousy report on home prices, as the S&P/Case-Shiller home price indexes fell to their March 2004 [more...]
Date: 2008-12-30 14:03:40
GMAC Deal Boosts Auto Stocks
The government’s decision to provide $6 billion in financing to steady the lending arm of auto giant General Motors has jolted futures on ... credit rating needed for funding new loans to 621, down from the 700 limit established by GMAC two ... lousy report on home prices, as the S&P/Case-Shiller home price indexes fell to their March 2004 [more...]
Date: 2008-12-30 17:03:00
New regulation and the GAO
rdan GAO has a report on regulation deficiencies of financial markets: ... participants—such as nonbank mortgage lenders, hedge funds, and credit rating agencies—some of which ... difficulty understanding new and increasingly complex retail mortgage and credit products. • Fourth [more...]
Date: 2009-01-15 10:00:01
Add Your Comment:
« PreviousEBITDAR: the pirate's financial metric Next »The Fed's Wall Street pay fix A bolder approach to credit-rating agency reform Posted by Barbara KiviatFriday, September 18, 2009 at 11:55 am 7 Comments • Trackback (2) • Related Topics:investingregulation Yesterday the SEC rolled out a bunch of new rules and proposals meant to purge conflict of interest and ineptitude from the credit-ratings agencies—that group of companies whose greatest hits include considering Enron investment-grade [more...]
Date: 2009-09-18 15:55:25
FICO Fitness Fundamentals
A FICO score is the number that determines the interest rate you pay on credit cards, car loans and mortgages ... credit bureaus: Equifax, Experian and TransUnion. The FICO score is linked to just about every ... in your favor) Don’t apply for any new credit cards Review your credit report periodically to make [more...]
Date: 2008-11-25 16:08:53
Links for 2008-10-23 [del.icio.us]
Subscribe to my News Feed .delicious-posts ul {list-style-type:none; margin: 0 0 1em 0; padding: 0 } .delicious-tag,.delicious-extended { ... of economic inequality that rival cities in Africa, according to a U.N. report published ... roughly two months ago.Bernanke May Seek New Ways to Ease Credit as Fed Rate Nears 1% - Bloomberg [more...]
Date: 2008-10-24 10:46:08
Headline News - October 24, 2008
New Mercator Advisory Group Report: Re-examining Debit Rewards at the Top Fifty Banks Prepaid Card Holdings, ... pose special concerns CreditCards.com: Weekly Credit Card Rate Report The PayPal Blog: New Button ... , No Card Issuance Fee and No Activation Fees Canadian Payments Association: CPA Board Decides [more...]
Date: 2008-10-24 11:43:58
Debt Management
Debt not only causes stress and worry, but it could also harm your credit rating ... this to the credit bureaus. The negative report in turn has a huge impact on your credibility and your credit score. When deciding whether or not to take on new debt it is important to consider [more...]
Date: 2009-01-16 20:45:59
Another Bailout Plan: Directly Bailout Homeowners
—Ace Actually, if you accept "bailout logic" at all, this makes the most sense and should have been done from the beginning ( ... credit and a mortgage can refinance at a new lower rate. Treasury Secretary Henry Paulson ... time, “it's not going to be an instant panacea for what ails the economy,” he said. While lowering [more...]
Date: 2008-12-06 06:32:52
Mortgage Interest Rate Drop Possible with Treasury Intervention
Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S ... for the lower rates. There are already a number of additions to rates due to credit score, loan ... is enormous. We saw the results of the investment of $600 Billion into the MBS market last week [more...]
Date: 2008-12-04 07:30:46
David Cameron's speech to the CBI
David Cameron has set out the Conservative approach to dealing with the recession in a speech to this morning's CBI conference ... of a fiscal stimulus in the Pre Budget Report – had decided not to. We have consistently argued ... rates, monetary action must mean radical new measures to actually get credit flowing through [more...]
Date: 2008-11-24 11:58:39
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
Is Your Credit Application Affected By Your Job?
The following is a guest post by Tisha Tolar. Special thanks to Tisha for filling in while I’m on vacation ... for and obtain. Now, the application process of a new credit card is much less guaranteed. For many ... of people who manage okay and are able to maintain a good credit rating, it still may not be good enough [more...]
Date: 2008-12-01 14:29:30
Vehicle Scrappage Bill Introduced in Both US Senate and House
A measure introduced by US Senators Dianne Feinstein (D-CA), Susan Collins (R-ME), and Charles Schumer (D-NY) ... with a credit of up to $4,500 for scrapping vehicles with a when-new fuel economy rating of less than 18 ... Amounts Model Year New Vehicle Purchase Used Vehicle Purchase Mass Transit Credit 2002 and later [more...]
Date: 2009-01-14 18:43:56
Bill Would Make Ratings Agencies Share Liability
A key House lawmaker wants to make credit rating agencies — which have been widely criticized for failing to give investors adequate warning of the risks in subprime mortgage securities that triggered the financial crisis — responsible for each other’s assessments by holding them collectively liable for inaccuracies.The Associated Press reported that a new draft bill by the lawmaker, Representative Paul Kanjorski, a Pennsylvania Democrat, includes a plan meant to address what critics contend is [more...]
Date: 2009-10-01 09:07:48
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
myFiCO Credit Score Watch - 30 Days FREE Trial Promotion
This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com). myFiCO Credit Score Watch ... of us new to Score Watch, it's a tool used to: » monitor important changes to our Equifax credit ... or when we qualify for a better interest rate » alert us when unexpected changes to our credit report [more...]
Date: 2008-09-15 01:09:38
Economic Potpourri January 11, 2009
The barrage of noteworthy economic news continues into the second week of the new year ... increase in credit-rating downgrades on mortgage-related securities will lead to further stresses [more...]
Date: 2009-01-11 10:59:00
Ainda o “downgrade” da S&P (5)
Bloomberg Spain may struggle to sell 1.8 billion euros ($2.4 billion) ... . Standard & Poor’s said Jan. 12 it may lower Spain’s AAA credit rating. “There is a clear risk ... of bonds as the prospect of a credit downgrade and a flood of new issues by European governments [more...]
Date: 2009-01-15 09:54:11
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
Research house upbeat on property stocks
Research house upbeat on property stocks It cites falling interest rates and possible favourable Budget measures By EMILYN YAP INVESTORS can ... credit for new investments,’ it explained. Banks may also introduce more attractive mortgage ... the operating environment for real estate companies this year, said Kim Eng Research in a report yesterday [more...]
Date: 2009-01-06 22:00:37
Media Roundup - October 17th, 2008
Media Roundup Real Estate News New listings slip in third quarter (Globe and Mail) Home prices are falling, but mortgage rates are rising ( ... (Bloomberg) Mortgage Q&A: Liquidity, credit will lower rates (Washington Times) TD Report Says ... s Time to Invest (NY Times) Canadian manufacturing shipments slide (Canada.com) Urban Planning [more...]
Date: 2008-10-17 12:00:07
S&P: Credit losses will rise into 2010
Credit ratings agency Standard & Poor’s expects nonperforming loans to continue to rise through 2009 and into 2010, ... for Biz2Credit. Biz2Credit is a small business marketplace that provides entrepreneurs ... to increase amid the widening economic downturn, Standard & Poor’s said in a new report released [more...]
Date: 2009-01-11 02:34:39
N.J. man learns modifying mortgage to cut payments may impair credit rating
by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]
Date: 2009-09-29 13:48:05
It is soooo coold.. brr. Post Roundup
YEAH! Its melting Creative Commons License photo credit: *Micky The past few days have been extremely cold here in Minnesota, ... With Good Ones Time To Chck Your Annual Credit Report! Problems with Gift Receipts? Debt? What Debt? Mortgage Refinance Rates Continue to Fall The New Frugal Forum @ frugalhacks.com Free Advice [more...]
Date: 2009-01-14 16:21:15
Now Feds hope to spur auto lending
Credit markets for housing are loosening up a bit. Will automobile lending be next? Car dealers certainly hope so ... to borrowers with credit ratings higher than 620 – a subprime score that illustrates the difficulty ... of credit, 2008 was the worst year for auto sales in a very long time. Maryland dealers sold 16,842 new cars [more...]
Date: 2009-01-02 15:07:40
Wednesday morning headlines
Economic UnrestFed cuts key interest rate to nearly zero (Washington Post)Drop in consumer prices is most since 1932 (MarketWatch)Bush says he sacrificed free-market principles to save the economy (AFP)Canadian PM Harper says ... Republican (James P. Pinkerton)Warning: A new credit card scam (Ted Twietmeyer)Misc.Bettie Page is laid [more...]
Date: 2008-12-17 11:34:00
Fed Looking at Another Rate Cut, While Treasury Has New Plan for Housing
With the benchmark Federal Funds rate already down to 1.0%, U.S. Federal Reserve Chairman Ben. S. Bernanke has only so much room for another cut ( ... the credit markets. Bernanke believes more needs to be done to slow the pace of foreclosures [more...]
Date: 2008-12-08 13:01:56
Happy New Year Facebook - your employees think you’re lying about advertising. And they may have a point
A gremlin inside Facebook - or more likely a disgruntled employee - briefly hacked Facebook in the last few hours ... and business, then why do I get shown ads for Credit Rating Reports, as I did today? On thing’ ... get you a 2:1″ and Bad credit? Get a credit card with 39.9% APR!’. Classy.” The thing is, social [more...]
Date: 2009-01-05 11:59:10
The Fed's Toolbox
For the first time since cutting interest rates to 0.25 percent, Federal Reserve Chairman Ben Bernanke outlined his plan of action ... available to the Fed, an orderly exit strategy, concerns about inflation and suggestions about how ... a new name for his regime – credit easing. In contrast to Quantitative Easing, which Bernanke explains [more...]
Date: 2009-01-14 15:47:30
Volt Still Kicking as Feds Take $5B GMAC Stake
With a new $6 billion bailout from the Treasury approved late yesterday, General Motors has lowered its requirements for auto loans ... loans to customers with a credit rating of 621 or above, down from yesterday’s minimum score of 700 ... use progress on the Volt as leverage in negotiations for federal aid. So, bailout? Check. Cash [more...]
Date: 2008-12-30 21:00:12
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 and their role in the financial crisis. The first three grafs: I spent Sunday afternoon brooding over [more...]
Date: 2008-11-26 14:57:32
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
The New China, Bush Asks for TARP, 2009 Oil Surprise, Buy Turkmenistan and More!
by Addison Wiggin & Ian Mathias Chinese exports dive; oil imports, money supply and leverage rise… sound familiar? Bush asks for rest of $700 billion TARP… S&P says USA’s credit rating getting shaky Dan ... . Unfortunately, the model was still dependent on mass consumption in the West. Without credit-fueled [more...]
Date: 2009-01-08 01:36:29
Japanese stocks gain on optimistic view of US economy
Japanese stocks gain on optimistic view of US economy Japan stocks continued to gain Tuesday morning as investors become optimistic about a massive U ... , thieves and foreign agents, according to a new report from a panel of leading government ... ' from banks, governments Ad forecaster expects mild recovery in Q3 of 2009 Credit card interest rates [more...]
Date: 2008-12-09 04:42:16
Auto Bubble Breakdown
Cheap financing led to soaring loans.The same chart with the financing rate axis reversed shows the strong correlation between the financing rate and ... they didn't need a new car every 30,000 miles, but they also found it difficult accessing cheap credit as lenders reigned in lending (i.e. GMAC refused to lend to any borrower with a FICO score under [more...]
Date: 2009-01-12 13:53:00
US and China Look at Accelerated Retirement of Inefficient Cars
The Accelerated Retirement of Inefficient Vehicles Retirement Act of 2009 (ARIVA)—also called the “Cash for Clunkers” program—would reimburse drivers with a credit of up to $4,500 for scrapping vehicles with a when-new fuel economy rating of less than 18 mpg US as reported [more...]
Date: 2009-01-14 20:08:43
GMAC limits loans to buyers with 700+ FICO rating
Filed under: Car Buying, GMIf you're in the market for a new car, you'd better get your credit score in order first ... to consumers with a credit score of over 700. That number is up from the 71% average ... . Auto lending units are looking for top tier customers right now, and GM's captive credit arm [more...]
Date: 2008-10-14 12:52:03
M&A Activity in the Property-Casualty /Reinsurance Sector Discussed in Wall Street Transcript Insurance Report
posted by Steven Wevodau 67 WALL STREET, New York–January 14, 2009 - The Wall Street Transcript has just published its Insurance issue, ... to TARP funds, Treasury loan to AIG, Credit ratings, Trader’s market and pair trades, Investor ... a report offering a timely review of the sector to serious investors and industry executives [more...]
Date: 2009-01-15 00:02:41
TLC Says Drivers Won't Lose on New Green Fleet Plan
himself is the prime example. And though some political operatives can do it, ... interest rates on millions of credit-card customers." AllAfrica.com: 'Kenya: What the Global Left Can Learn From Obama's Victory' Washington Post: 'Free the GOP: The Party Won't Win Back the Middle [more...]
Date: 2008-11-15 00:38:20
New Year’s Financial Resolutions
Guest Post by Dara DuguayEach year, the most popular New Year’s Resolutions usually alternate between losing weight and getting one’s finances under ... report and affect your credit history.4. Contribute the maximum to a retirement savings plan ... , come with fees and interest rate charges that are usually higher than your credit card purchases [more...]
Date: 2009-01-09 05:34:00
Greenpeace not giving Apple enough green credit
According to a new article by BusinessWeek, ... . In fact, Apple’s score on their overall “greenness” has barely inched upward. And this is accounting ... for environmental ratings rather than the efforts actually taken. It’s interesting to say the least [more...]
Date: 2008-12-08 20:39:05
