Understanding Credit Score Ratings
By William Blake The credit score rating scale is a confusing numeric system to understand ... on your credit report. Also having a lot of outstanding debt with large balances and/or high rates ... That You Need Credit counseling is readily available free of charge to any who desire to better [more...]
Date: 2009-01-05 14:21:43
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Abolish Credit Rating Agencies? Some Say So
In an article I wrote back in April of 2007, I assigned blame to various individuals, industries, ... a credit score (rating) from Experian (rating agency, who is competing with other rating agencies ... , of the credit rating agencies, such as Moody’s Corp. (NYSE: MCO), Fitch’s, and Standard & Poors [more...]
Date: 2009-01-06 17:56:14
Bail Me Out
Today's linkIt's Not a Weekend It's a LifestyleSaying for the DayAlways borrow money from a pessimist, he doesn't expect to be paid back ... on the mortgage without fail. He let other things slide. He ruined his credit rating. But he protected ... credit rating. The fact that he has never missed a payment on the mortgage doesn’t count. He can’ [more...]
Date: 2009-01-16 11:00:00
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
2007 Vs 2009
“The 14 Biggest Differences Between Investing NOW & Investing Pre Dec 2007” ... in this 14) Pre 2007: Mortgage rates would change slowly, incrementally & infrequently. Credit ratings ... lenders are not passing on rates & finding excuses not to lend. Credit MUST be solid And [more...]
Date: 2009-01-16 14:06:40
Mexico May Avoid Credit Rating Downgrade, JPMorgan Says
Mexico may stave off a credit- rating downgrade, JPMorgan Chase & Co. said. “From our conversations with the rating agencies, they appear to be giving Mexico the benefit of the doubt and will likely wait to see what components of the fiscal reform are approved by Congress,” JPMorgan analysts led by Joyce Chang wrote in a report to clients. [more...]
Date: 2009-09-29 16:44:07
Understanding Corporate Credit
by Mary Bush One of the most common misconceptions relating to corporate credit is that it works just like personal credit ... credit rating and score. So paying your bills on time and not having a high balance on available sources ... . Do you know what is on your business credit report? At least once a year you should be examining it very [more...]
Date: 2009-01-04 09:38:22
Understanding Corporate Credit
by Mary Bush One of the most common misconceptions relating to corporate credit is that it works just like personal credit ... credit rating and score. So paying your bills on time and not having a high balance on available sources ... . Do you know what is on your business credit report? At least once a year you should be examining it very [more...]
Date: 2009-01-03 22:23:56
Bad Credit Doesn’t Have To Mean No Loan Help
Everyone faces unavoidable financial problems at some time and find that they are in an impossible situation and unable to meet their obligations ... rate for a home mortgage loan will depend upon your credit rating. If the credit score is 600 ... , but that is not necessarily true. There are two types of bad credit personal loans, secured and unsecured. [more...]
Date: 2009-01-16 09:36:37
Opting For Bad Credit Refinance Is Like Walking On Thin Ice
by Angus Guy Ignorance and indiscipline are the two main detractors who are responsible for destroying our once green credit rating and bringing us to despair to suffer the ignominy of ending up with a Bad Credit rating. Along with this come a host of other problems related to a bad credit history. In the earlier days no bank or lending institution would consider it safe to lend to someone such a history. [more...]
Date: 2009-10-01 10:28:09
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
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
Top 10 Credit Mistakes
Learning the easy steps to repairing your credit can be a big relief and get your financial life back on track. Most children are not trained in how to handle credit by their families other than with vague ... about interest rates, revolving credit and credit scores was often not taught or even understood well by most [more...]
Date: 2009-01-03 21:11:04
Start Loans For A Clean Future
Thousands of Americans buy their daily trip to the debt ... was in a precarious situation regarding the credit debt and low credit ratings would not be able ... credit histories, so a good credit score is not necessary [more...]
Date: 2009-01-05 00:43:48
Dem Lawmaker Hits Credit Rating Firms With Collective Liability, Sparking Industry Protest
(ChattahBox)— Congressional lawmakers yesterday, focused on the much needed overhaul of the credit rating agencies, which played a major role in the collapse of the overrated subprime mortgage securities that caused the economic crisis last fall. Rep. Paul Kanjorski (D-PA) proposed a bill to address the accountability problems of the ratings agencies, by imposing collective liability for any improper ratings issued by competitor agencies. [more...]
Date: 2009-10-01 15:46:15
Home loan
by Tom Martens Before starting the homeownership or monthly mortgage installment ; ... to the prime rate set by the Fed. When determining this rate, your credit history and credit score are major ... online home loan calculators on financial or property websites to start working out what your payment [more...]
Date: 2009-01-16 14:42:11
Information trickle down
UPDATE: 7:45PM NZDT:ODT reporting:ANZ and National Bank have announced they are dropping their fixed-term mortgage rates ahead of the next Official ... fall in line with what the RBNZ does on 29 January.-- UPDATE ENDS RNZ reporting that the S&P credit rating downgrade has affected our dollar. I have always said that credit rating agencies will trigger [more...]
Date: 2009-01-13 22:43:00
Loan For Bill Consolidation - An Attractive Alternative?
Many people in the US today are deep in debts that they are not in a position to repay ... over them Correct your dropping credit scores. Boost your credit ratings Leaves you without any debt ... . Many people to own several credit cards and bad debtors, usually would have bad repayment record [more...]
Date: 2009-01-16 17:50:56
The Importance of GOOD Credit
by Rob Kosberg We all should know that good credit is a “must have ... to get a loan, a mortgage, credit card depends on a good credit rating. Our “Credit Score” is most ... FREE Guide on Maintaining and Repairing your Credit [more...]
Date: 2009-01-03 12:23:01
Confusing Consumption With Investment
People are now waking up to the fact that what that real estate investment guru was pitching at the seminar wasn’t necessarily an "investment": ... of resources.Card credit credit score Credit repair forum Providian credit card application Va home mortgage loan rate Purchase prepaid credit card Christian consolidation counselor debt Experian [more...]
Date: 2008-06-24 14:10:35
What Can You Expect After a Bankruptcy? The Time Line
Recently, someone called this article to my attention, which extolls the advantages of bankruptcy ... because of BK 4 years to 7 years: Credit score below 680, forget about getting an unsecured credit ... : No credit cards, loans, insurance rate skyrocketed. 1 year to 2 years: No credit cards except secured cards [more...]
Date: 2009-01-09 15:35:08
Debt And Bill Consolidation
Debt and bill consolidation is the practice of paying off many loans with one loan ... the chances of missing a payment, which could adversely affect one’s credit score. Sometimes, debtors ... . There can be sizeable gains from reduced interest rates, since credit card interest rates are substantially higher [more...]
Date: 2009-01-16 13:16:08
Best Buy: Piper Upgrades; Sees Benefit From Rival’s Pain
Piper Jaffray retail analyst Mitchell Kaiser this morning raised his rating on Best Buy (BBY) ... s near-term prospects; credit research firm Gimme Credit on Friday cut its credit rating ... . Tomorrow morning, Best Buy will report results for its fiscal third quarter ended in November; today [more...]
Date: 2008-12-15 17:36:12
I, Ireland
What happens when a triple-A rated sovereign government's credit rating is cut? Quite a lot of unpleasant things really. Sovereign rating transitions - at the top end of the scale - are always extremely messy affairs. Losing a triple-A rating matters much more than losing a double-A rating for any institution.... [more...]
Date: 2009-01-14 10:00:37
Greece: Stable Outlook for the Economy
(GREEK NEWS AGENDA) Recently appointed Economy and Finance Minister Yiannis Papathanassiou on Wednesday defended the government’s economic policy, ... of social cohesion in the country. Commenting on a decision by Standard & Poor’s rating agency to downgrade Greece’s credit rating to A-/A-2 with a stable outlook from A-/A-1, the minister said: “ [more...]
Date: 2009-01-16 17:40:11
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
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
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
Home loans
by Tom Martens For the vast majority of us, homeownership means a monthly mortgage installment ... this rate, your credit history and credit score are major factors in whether your bank considers ... the best option for you. Administration fees payable every month differs with each loan, so check [more...]
Date: 2009-01-16 14:53:39
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
Getting Rid Of Bad Credit
By Michael Benifez Today's credit crisis is resulting in a more difficult road for consumers to getting a loan and obtaining good rates ... . 1: Obtain a copy of your credit report. You can't repair something you don't know is broken. Once ... . If your credit rating is less than stellar, you can pretty much guarantee you're not going to get the best [more...]
Date: 2009-01-03 08:21:18
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
Moody's Cuts WaMu Senior Debt to Junk; Bank May Sell Branches, Deposits
Washington Mutual, which has long looked wobbly, is moving beyond the point where it can survive in its current form (cynics might say in any form) ... and equity markets remains severely constrained," Craig Emrick, a Moody's senior credit officer, said ... cut its credit rating to "BBB-minus," the same level as Standard & Poor's, and those agencies [more...]
Date: 2008-09-12 12:32:17
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
Debt consolidation v IVA?
Why do people consolidate their debts or enter into IVAs (Individual Voluntary Arrangements)? ... ’s credit rating, and probably make credit harder to obtain and more expensive. It’ll stay on their credit report for six years, although this won’t really be an issue for the first five of those [more...]
Date: 2009-01-08 18:23:38
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
Consumers advised over action to take if rejected for finance
In the current financial climate an increasing number of consumers are finding themselves being turned down for finance, such as loans, credit cards, ... to check their credit report, as this will show them what their credit rating is like and will give ... they should take once rejected for credit. Many tend to make another application to a different [more...]
Date: 2009-01-02 11:45:58
Major Potential Risks to Credit Quality in 2009 - Fitch
Fitch Ratings’ summary of the potential rating impact of some of the more prominent credit market risks for 2009 makes for depressing, but prudent, reading. A year ago, Fitch’s 2008 Outlook presentation identified a number of possible developments for the year. These included banking system crises (though the agency was more concerned regarding [more...]
Date: 2009-01-16 19:48:30
The Credits Secrets Bible Can Help Your Credit Score
Credit is a necessity that we all need. But if it is abused or overextended, you could end up in a bad situation. Credit cards and loan debt is at an all time high and people are looking for ways to repair a damaged credit rating. A product called Credit Secrets Bible (CSB) is now available from the Consumer [more...]
Date: 2009-01-11 14:35:09
The Effects You Can Expect To See With Bad Credit Ratings
It’s more than likely we’ve all been there; you have forgotten to pay your bill on time. However, if you’ve ever missed a few financial deadlines, chances are you’ll have some sort of bad credit rating. Never say never though, rebuilding this financial nightmare is possible. We’ve [more...]
Date: 2009-01-16 18:55:12
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
US$ Gains Despite Terrible Retail Sales Report
The US$ is relatively unchanged this morning against most major currencies ahead of this mornings Retail Sales data ... as European nations face credit warnings from international ratings agencies. The EUR is weaker this morning as more Euro Zone nations were warned that their credit rating may be reduced in 2009 [more...]
Date: 2009-01-14 14:08:02
Fed Watch: Rate Cuts Increasingly Likely
Tim Duy says "the Federal Reserve is inching closer to lower interest rates": Rate Cuts Increasingly Likely, by Tim Duy: ... meltdown that began last year, credit channels have become increasingly impaired despite aggressive rate cuts. The credit explosion of this decade has proven unsustainable; you cannot borrow your way [more...]
Date: 2008-10-02 07:42:00
Debt Consolidation Loans For Bad Credit Dont Get Stung
It isn’t uncommon these days for consumers to be facing problems meeting their monthly payment obligations on loans and credit cards ... and have seen their good credit ratings suffer because of it. At this point they may be looking for a way ... things in mind to protect yourself from becoming a victim: Be Confident Your credit score may [more...]
Date: 2009-01-14 03:04:51
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
Rating cannot be construed as a substitute for an exhaustive audit or a fraud detection
Sep 26, 2009Accounting, Audit The credit crisis has exposed weaknesses in many financial intermediaries. How can rating agencies ensure their views are more accurate and unbiased? Despite due diligence, there is always scope for improvement. Credit rating agencies (CRA) do not carry out a separate audit but takes cognisance of the information available from annual reports, submissions from management, secondary sources and opinions from lenders/ investors. [more...]
Date: 2009-09-26 05:31:47
Will Credit Repair Enhance Your Plunging Credit Score?
As lending rules get stricter by the day, an increasing number of consumers are desperately looking for ways to improve their credit ratings ... but nevertheless accurate entry on the client’s credit report. This technic exploits a provision ... or out-of-date information from their credit report. This technic works under the premise [more...]
Date: 2008-12-08 07:00:23
Obama - McCain - Obama Can Win; The Economic Problem Is Why
This video was created just before the debate, but my prediction seems to have held and for the reasons I state here ... : 1) According to the Bureau of Labor Statistics, the Civilian Labor Force Participation Rate topped out 10 years ... problems consumer credit shot to rapid rates of annual increase starting just before the turn [more...]
Date: 2008-10-08 07:30:37
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
Four Quick Ways to Build A Strong Credit Rating
#fullpost{display:inline;} ... report from Experian, Equifax and Transunion via annualcreditreport.com. After we use up our annual ... Nov 18, 2008: Much has been written about credit rating and how we can go about improving [more...]
Date: 2008-11-18 05:21:00
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