Buying Memphis Home

By S. Kim When you are buying a home this can be a very stressful period in your lives ... months before you begin looking for a property get copies of your credit history reports, which you can obtain for free from the credit reporting agencies (Experian for example). Now go through them [more...]

Date: 2009-01-14 20:13:24

Blog posts (32) | Videos (43)
 

Credit Spiral

So, say you’ve had a good relationship with a credit card company and been paying off substantially more than minimum payment over recent months ... from the credit card company saying they’re reducing your credit limit, right before Christmas. Would ... of our house leading to a less positive debt ratio report from a credit rating agency [more...]

Date: 2008-11-26 19:39:28

Credit Scoring Is About To Change But How And When?

In a nice change of pace, all three credit reporting agencies, Experian, ... simpler and easier for both consumers and credit providers. If you’ve applied for a credit card ... Equifax and TransUnion have joined together in developing a new way to score your credit [more...]

Date: 2009-01-15 05:10:40

Credit Scoring - Does it Matter?

If the borrower has a satisfactory credit history and the ability to pay timely payments, ... is ordered by the lender and the credit reporting agency establishes a score to help a potential lender ... o Adverse Public record information o Evidence of collection accounts o Recent delinquent [more...]

Date: 2008-12-21 12:10:33

Rapid Credit Rescoring - What it Can and Cannot Do For Your Score

by Cliff Pape Are you worried about qualifying for a loan or just paying too much interest due to inaccuracies on your credit report? There are companies that specialize in rapid credit rescoring which will give you a recalculated score in a couple days. These companies have special relationships with the 3 big credit agencies [more...]

Date: 2009-01-07 20:38:09

How You Can Remove a Collection Account From Your Credit

by Justin Hutto You must dispute a collection, to remove it from your credit report. This dispute needs to be filed with the credit bureaus ... dispute information requests, debt validation, and creditor direct intervention. What is a collection ... to recover payment. It is common for lenders to have an in house collection agency. However many also [more...]

Date: 2008-11-15 18:16:08

Assessing Your Debt Situation

If your debt problems are behind you and you’re only concerned with cleaning up your credit report, skip ahead to Chapter 4, ... hassled by a collection agency, see Chapter 3, Section D. If you face an emergency, act on it at once ... into rebuilding your credit, take care of any financial emergencies. Then you should tally up your debt [more...]

Date: 2009-01-13 04:45:55

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

Fix Bad Credit

by John Cooper You do not have to just wait for negative marks on your credit report to fall off. You can remove them and improve your credit score ... card account the debt has been sold to a collection agency, and the lender has no need to save any ... dispute information requests, and debt validation. You can also help your credit score by opening [more...]

Date: 2009-01-14 19:07:31

Fix Bad Credit

by John Cooper You do not have to just wait for negative marks on your credit report to fall off. You can remove them and improve your credit score ... some form of payment. For example a charged off account has likely been sold to a collection agency ... to dispute the item. These include; escalated dispute information requests, debt validation [more...]

Date: 2008-12-28 13:54:55

Fix Bad Credit

by John Cooper If you have a low credit score contrary to popular belief you do not have to just wait seven years for your credit report to ... has received some form of payment. For example with a charged off credit card account the debt has been sold to a collection agency, and the lender has no need to save any record of your account [more...]

Date: 2008-12-24 10:55:40

Collection Agency calling from 571-431-1958 (Washington, VA)

Steve reported a Collection Agency (5714311958 from Washington area, VA) . The following comments were posted: AACC AACC AACC 5127689800 AACC 804-234-9056 assetacceptance.com Asset Acceptance is a leading purchaser and collector of charged-off consumer debt. Since 1962, we have provided credit originators such as credit card issuers, consumer finance companies, retail merchants, utilities and others an efficient alternative in recovering defaulted consumer debt. [more...]

Date: 2009-09-25 19:53:49

Sellers of Tribune CDS Protection Face Large Payout

Matthew Cowley reports: The dire conditions facing media companies were highlighted by this week’s auction to settle credit derivatives ... agency, had already suggested that recovery values would be “negligible” for the bonds, at between zero and 10% for secured notes and debentures, senior unsecured debt, and subordinated debt [more...]

Date: 2009-01-07 09:50:00

Sellers of Tribune CDS Protection Face Large Payout

Matthew Cowley reports: The dire conditions facing media companies were highlighted by this week’s auction to settle credit derivatives ... agency, had already suggested that recovery values would be “negligible” for the bonds, at between zero and 10% for secured notes and debentures, senior unsecured debt, and subordinated debt [more...]

Date: 2009-01-07 09:50:00

September 30th, 2008 - Help Stop Debt Harassment, Learn Your Rights!

Obtaining credit can be fairly simple. If you have a steady job, an acceptable debt-to-income ratio, and no history of serious credit delinquency, ... Responsibility of Debt Collectors or other Furnishers to the Consumer Reporting Agencies. Procedures in the Case [more...]

Date: 2008-09-29 05:38:41

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

The Importance of Repairing Your Credit Report - Yourself!

It seems to be common knowledge today that we are living in a society overwhelmed with debt ... ! Typically it does nothing more then raise red flags at the collection agency’s and can even make it nearly impossible in the future for you to try to re-dispute an item on your own. Collection Agency’ [more...]

Date: 2009-01-15 01:44:04

Your Credit Score, Your Sanity

I decided to sign up for credit monitoring at www.myfico ... you for an uncollectable debt, as the original creditor or the assigned collection agency cannot take ... that paying off a collection account will not remove it from your credit report. It will stay [more...]

Date: 2009-01-04 02:41:50

Horse-race-loving former police chief winds up behind bars

Frank Kessler, former Garden Grove police chief, councilman and mayor, and his wife were arrested Wednesday on suspicion of financial misdeeds, ... and personal loans with a city-issued credit card. They were named in a 21-count district attorney ... card, then charged an additional$2,000 to the card to pay a debt collection agency. The PE reports [more...]

Date: 2008-12-18 19:55:29

Few following DIAC in Gershon hiring drive

Most large federal government agencies this week said they had no plans to follow the Department of Immigration and Citizenship's lead in hiring a ... recommendations. Razor: Gershon and Tanner Sir Peter Gershon and Lindsay Tanner (Credit: Brian Hartigan) The Gershon report, which has been endorsed as an action plan by Federal Cabinet, found [more...]

Date: 2009-01-15 05:57:02

Spain sees risk of debt downgrade, Fitch holds AAA

MADRID, Jan 13 (Reuters) - Spain's Economy Minister acknowledged a risk on Tuesday that major rating agencies might downgrade the country from its "AAA" credit status, although Fitch said it was holding its top-notch rating on the debt. Spain ... departed from a bullish government line to tell reporters: "It's a risk. Obviously in the case [more...]

Date: 2009-01-14 08:27:28

Audit of California Avocado Commission uncovers at least $1.5 million in questionable spending

During the three-year audit period, 18 employees used commission credit cards to pay for purchases including meals, flowers, luxury spa services and clothes from high-end retailers, the report says. Something has been rotten at the state agency behind a splashy $7-million annual marketing blitz on television [more...]

Date: 2009-01-10 08:00:00

Bond issuer upgrades look set to increase

Bond issuers poised for a credit-rating upgrade have exceeded the 12-month average for the first time in two years, according to Standard & Poor's in a report that signals improvements in the global economy.The ratings agency said 174 global iss ... [more...]

Date: 2009-09-29 17:48:20

White House Hints At Veto Threat Of “Weak” Consumer Protection Bill

The White House on Tuesday suggested that President Obama would consider vetoing regulatory reform legislation if it did not include strong enough protections for consumers of credit cards, mortgages and other financial instruments. Press Secretary Robert Gibbs told reporters that there were "big" concerns inside the administration over reports that Congress was scaling back a key pillar of the president's approach to reform: the creation of a Consumer Financial Protection Agency (CFPA). An [more...]

Date: 2009-09-29 19:32:53

White House Hints At Veto Threat Of "Weak" Consumer Protection Bill

The White House on Tuesday suggested that President Obama would consider vetoing regulatory reform legislation if it did not include strong enough protections for consumers of credit cards, mortgages and other financial instruments. Press Secretary Robert Gibbs told reporters that there were "big" concerns inside the administration over reports that Congress was scaling back a key pillar of the president's approach to reform: the creation of a Consumer Financial Protection Agency (CFPA). [more...]

Date: 2009-09-29 19:32:53

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

If Scripps loses $15M, what is GCI's hit in Detroit?

Maybe this is why I feel like something big is going on in ominously-quiet Detroit:To start, surely you saw that E.W ... agency, The Detroit News? Remember, the Freep was already bleeding a year ago, well before the credit ... now on a rampage to cut costs anywhere, the Freep and the JOA would be expected to report job [more...]

Date: 2008-12-05 01:45:00

Credit Reports can be a Teaching Tool

by Rob Kosberg If you have recently been denied credit or plan to apply for credit soon, it would be wise to obtain your credit report ... credit. You need to know that there are actually three major credit reporting agencies ... . Lines of credit will be included such as balances, monthly payments, and credit limits [more...]

Date: 2009-01-15 21:32:08

On Credit Cards and Free Credit Reports.

Finally I was able to pay online my credit card dues yesterday. It’s not that I’m short on funds (since my bill is just a few hundred bucks) ... credit reports. If there are corrections, they should notify the agency to remove credit report ... . I know that paying on time affects my credit score so I always try oblige to my hubby’s reminder. Sometimes [more...]

Date: 2009-01-15 06:40:58

Credit Report Contents

by Rob Kosberg If you have recently been denied credit or plan to apply for credit soon, it would be wise to obtain your credit report ... to monitor his/her own credit profile, fix errors, and repair personal credit. About the Author ... credit. You need to know that there are actually three major credit reporting agencies [more...]

Date: 2009-01-15 21:43:13

What are my Credit Rights?

Knowing your credit rights as a credit card holder will be your guide and protection against unlawful practices that may be committed by creditors and debt collectors. The Fair Credit Reporting Act (FCRA) has made distinct stipulations ... details or inaccurate information on your credit report. Notify a Consumer Reporting Agency [more...]

Date: 2008-12-22 06:55:21

Another Consumer Scammed By FreeCreditReport.com [Freecreditreport Com]

Freecreditreport.com is NOT actually free, nor is it related to Annualcreditreport.com, the free credit report that you are entitled to under federal law. So why are people still ... of my credit report. All of the major credit reporting agencies seem to strong arm you towards [more...]

Date: 2008-08-11 16:29:44

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