Posted on Thursday, 5th August 2010 by Toby Duncan
The consumer reporting agencies all state that they do not provide credit scores for employment purposes.
In 2008, WCBS reported that employers use credit scores:
Now, in 2010, they do it again. Real journalists make corrections.
See the headline using the word Now: “Employers Now Checking Credit Scores Of Applicants” (after they said the same thing two years ago).
Posted on Wednesday, 4th August 2010 by Eden Fryett
There hasn’t been a bankruptcy auction of a Major League Baseball team in 17 years, but the Texas Rangers are about break that streak. Soon, the Rangers franchise could go to the highest bidder, according to the Houston Business Journal.
The saga of this baseball franchise’s bankruptcy is not necessarily coming to a close, however. If a particular group of investors that includes Hall of Fame pitcher Nolan Ryan and is fronted by Chuck Greenberg were to win the auction, it would likely set off a round of legal appeals from Rangers lenders.
These lenders, who the Houston Business Journal describe as “aggrieved,” have been contesting a sale to the Greenberg/Ryan duo for months now. They ma
Posted on Tuesday, 3rd August 2010 by Lucy Hales
Student loan debt reduction primarily recognizes a student borrowers’ lack of ability to put down a full payment on their outstanding student loans or borrowings. Those students who have completely exhausted their interest relief under the program for Interest Relief may qualify for debt relief. Also those students who have been out of post-secondary studies for at least five years can qualify for a student loan debt reduction. This helps these students to thereby reduce the loan principal to a level that is slightly more affordable.
If the case is such that annual payments, on an average, are exceeding fifteen percent of the income of a family, then the principal amount of the student loan can be reduced. T
Posted on Saturday, 31st July 2010 by Toby Duncan
If you file bankruptcy with a checking account at Wells Fargo/Wachovia bank you have a problem. This bank has decided to freeze checking accounts of any customer who files bankruptcy. No, the debtor does not owe the bank or its credit card any money, and the money in the account could be exempt wages, retirement proceeds, or social security. Doesn’t matter; don’t care. If you file bankruptcy your bank account is frozen until the money is released by your bankruptcy trustee. The bank’s position is that they are not violating the bankruptcy stay when the bankruptcy debtor does not owe the bank a debt.
A federal court recently issued an order directing Wells Fargo/Wachovia to stop freezing bankruptcy debtor accounts. The b
Posted on Friday, 30th July 2010 by Eden Fryett
Having good credit is something we all want. It shows that we’re responsible with our money, use credit cards wisely and can get us great interest rates on loans if we need them. Although it’s nice to have a good score, not everyone has a score they’d like to brag about.
There are several things that determine our credit score and can affect your score. If you know your score but you’re not sure what it means or if it’s consider a “good score”, continue reading below to find out where you’re at.
Do I Have a Good Credit Score?:
750+: If you’ve worked hard to get your score to this point, it will pay off! This is when your score is considered “excellent”. You can’t get much better than this!
720-750: You have a great credit score. It’s not as high as it could be, but it will be pretty hard to beat!
680-700: This score is still considered “good”, but could also be improved at the same time.
620-679: You don’t want your score to fall below this level. Your credit isn’t considered good but it’s not considered horrible either. Work on raising your score and you can get that “good” score you want.
620 and lower: This is when the bad credit level hits. With a score like this it will be hard to get good rates on loans and to prove that you’re financially responsible. Work on getting this score up so that you’re not considered someone with “bad credit”.
A credit score can range quite a bit. You want to be as close to 800+ as possible and nothing lower than 650. A credit score can take some time to improve while very little time to ruin so be careful! Make good choices, use your credit card wisely, keep debt to a minimum and always make sure you pay your bills on time!