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Credit Report

Colorado credit report bill under fire

Posted on 22 February, 2012 | No Comments »

Colorado credit report bill under fire

News from Daily Camera:

DENVER — A debate over whether to ban Colorado employers from using credit reports against job applicants became feisty Tuesday when Senate Democratic Leader John Morse said Republicans are trying to protect corporations while Democrats want to protect “the little guy.”
Republican Sen. Greg Brophy immediately yelled, “Don’t impugn motive!”
Republican Sen. Ted Harvey [...]

Debt Management

Papademos hails ‘historic’ deal for new loans, debt reduction

Posted on 22 February, 2012 | No Comments »

Papademos hails ‘historic’ deal for new loans, debt reduction

News from EMportal:

22. February 2012. | 09:35
Source: ekathimerini.com

Prime Minister Lucas Papademos hailed as “historic” an agreement struck after 13 hours of talks in Brussels that will lead to Greece receiving a further 130 billion euros of loans and its bondholders accepting a 53.5 percent haircut.
Speaking on Tuesday morning after the marathon negotiations over the details [...]

Credit Report

Bill to limit credit-report use in hiring passes Colorado Senate

Posted on 22 February, 2012 | No Comments »

Bill to limit credit-report use in hiring passes Colorado Senate

News from Denver Business Journal:
A bill that would limit Colorado companies’ ability to consider applicants’ credit reports during the hiring process got even more restrictive as it passed the state Senate amid lengthy and sometimes heated debate Tuesday.
Senate Bill 3 — sponsored by Sen. Morgan Carroll, D-Aurora — had included exceptions allowing for defense and [...]

Credit Score

Common Things That Improve And Lower Credit Scores

Posted on 21 February, 2012 | No Comments »

Common Things That Improve And Lower Credit Scores

News from San Francisco Chronicle:

A credit score is a numeric expression that helps lenders evaluate a person’s credit report and estimate the risk of extending credit or loaning money to people. A person’s credit score is provided to lenders by the three major credit reporting agencies, including Equifax, Experian and TransUnion. The most common credit [...]

Loan

Refund loans: Goodbye and good riddance

Posted on 21 February, 2012 | No Comments »

Refund loans: Goodbye and good riddance

News from MSN Money:

This post is from Brandon Ballenger at partner site Money Talks News.
The average tax refund was just under $ 3,000 last year, and some people just couldn’t wait to get it – so they didn’t. And they paid the price.
Millions applied for what are called “refund anticipation loans.” These are high-cost, short-term loans [...]

Credit Report

Keeping credit reporting firms, debt collectors honest

Posted on 21 February, 2012 | No Comments »

Keeping credit reporting firms, debt collectors honest

News from Los Angeles Times:
Pamela Johnson of Orange is one of many people who has recently received notices from a debt collector called West Bay Acquisitions over supposedly unreturned Hollywood Video DVDs.
The video-rental chain’s parent company, Hollywood Entertainment, was purchased by an outfit called Movie Gallery in 2005. Five years later, Movie Gallery went out [...]

Debt Management

Greece needs extra relief to hit debt goals

Posted on 20 February, 2012 | No Comments »

Greece needs extra relief to hit debt goals

News from Firstpost:

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Brussles: Greece will need additional relief if it is to cut its debts to 120 percent of GDP by 2020 and if it doesn’t follow through on structural reforms and other measures, its debt could hit 160 percent by 2020, a [...]

Mortgage

Some Doubt a Settlement Will End Mortgage Ills

Posted on 20 February, 2012 | No Comments »

Some Doubt a Settlement Will End Mortgage Ills

News from New York Times:

Even as government officials prepare to unveil new standards this week for how banks treat millions of Americans facing foreclosure, housing advocates and homeowners are skeptical the rules will be able to do something past efforts have not: provide a beleaguered borrower with one individual to help them navigate the mortgage [...]

Credit Score

Phone bills-credit score: a fair link-up?

Posted on 20 February, 2012 | No Comments »

Phone bills-credit score: a fair link-up?

News from Livemint:

The telecom industry has been in the news for all the wrong reasons in the last year or so. Somehow in the intense 24×7 coverage of the 2G licensing scandal, an important news item got missed. If newspaper reports are to be believed, Credit Information Bureau (India) Ltd, or Cibil, is talking to [...]

Credit Report

Advent, Goldman unit to buy TransUnion for $3 billion

Posted on 20 February, 2012 | No Comments »

Advent, Goldman unit to buy TransUnion for $3 billion

News from Chicago Tribune:

(Reuters) – Credit reporting firm TransUnion Corp agreed to be acquired by buyout firm Advent International and a Goldman Sachs unit in a deal valued at $ 3 billion.
TransUnion had said in July it planned to raise up to $ 325 million in an initial public offering, but also launched [...]

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