Archives for April 2015

How Wall Street captured Washington's effort to rein in banks

How Wall Street captured Washington's effort to rein in banks
Force banks to report too much lending on their balance sheets, Citigroup, Bank of America and other banks argued, and credit available to ordinary Americans would shrink. Make them disclose too much information about what was going … There are …
Read more on ABS CBN News

A discussion of factors that may affect future results is contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as such factors may be updated from time to time in the Company's filings with the Securities …

Latest Credit Report News

CFPB 2014 complaints report shows large increase in debt collection and credit
The CFPB's Consumer Response Annual Report analyzing complaints handled in 2014 indicates that volume rose 53% from 163,700 complaints in 2013 to 250,200 in 2014. The report provides data on the most common types of complaints for each product, …
Read more on JD Supra (press release)

How to Get a Credit Card With Bad Credit
Credit card issuers use your credit score to determine how much of a risk you pose and the likelihood that you will not be able to make your credit card payments. Consumers with great credit enjoy access to more credit cards with better terms and rates …
Read more on Nasdaq

Latest Annual Credit Report News

Switching to Usage-Based Car Insurance Might Save You Money
Insurers traditionally base car insurance quotes on factors that correlate to risk, including driving record, credit history, age, gender, marital status, vehicle, location, claims history and how much you say you drive. Technology now allows companies …
Read more on NerdWallet (blog)

7th annual Community Shred to be held at Moore County courthouse May 2
CARTHAGE – The seventh annual Community Shred will be held at the Moore County courthouse on May 2 from 9 a.m. to noon. County residents are invited to bring materials for shredding to the back parking lot of the Moore County Court House, 105 Dowd …
Read more on Fayetteville Observer

What Keeps Some Consumers Stuck in Bad Credit

What Keeps Some Consumers Stuck in Bad Credit
For example, if someone with very poor credit, between 300 and 499 on the VantageScore 3.0 scale, has a $ 500 credit limit she should only spend $ 150 on it before paying it off to keep her utilization at 30% or lower, in order to help her credit score.
Read more on News (blog)

Kristi Richardson Search: Search Warrants For Credit Reports Have Been
Two credit reporting firms did, and one did not, respond to search warrants in the investigation about a man who wanted to have a romantic relationship with Kristi Richardson who has been missing in early October. The results of those search warrants …
Read more on K2 Radio

Class Suits Over Job Applicant Credit Checks Headed to NJ
The suits claim that Michaels violates a requirement of the Fair Credit Reporting Act that requires employers intending to procure job applicants' credit reports to make "clear and conspicuous" disclosure of the practice in a stand-alone document that …
Read more on New Jersey Law Journal

Shopping For A Car Can Put A Dent In Your Credit Score
Among the worst things for your credit score are defaults, late payments, and high balances. However, hard credit inquiries can damage your credit score, too — and as one woman found out, if you're not paying attention, they can really add up.
Read more on The Car Connection

Australians 'alarmingly misinformed' about credit reports

Australians 'alarmingly misinformed' about credit reports
Most borrowers are ignorant about how their financial decisions affect their credit score, according to one research company. Experian's survey of 1,000 individuals found that 65 per cent of Australians incorrectly believe that contributing to …
Read more on The Adviser

The credit history Catch-22
Most people are familiar with the term “Catch-22.” It describes a situation in which there are no favorable solutions, because of the way the factors relate. Starting your credit history is one of the most frustrating Catch-22 problems in the financial …
Read more on Suffolk News-Herald

7 On Your Side: Credit reporting bureaus agree to be more consumer-friendly

7 On Your Side: Credit reporting bureaus agree to be more consumer-friendly
They were sharing the same credit report. Our Lisa Marie tried to get things fixed, but couldn't get the credit agencies to work with her. Allen said: "They would ask for my credit report, so I would go online and try to pull…" Finney: "Wait a second …

Disputing Credit Report Errors: Not A Quick Fix, But Worth It
You have three different credit reports, one for each of the three major credit reporting bureaus — Experian, Equifax and TransUnion. Most of the information on the reports will be the same, but sometimes companies don't report to all three bureaus …
Read more on NerdWallet (blog)

10 Common Foolish Financial Decisions You Don't Want To Make

10 Common Foolish Financial Decisions You Don't Want To Make
3) Paying for credit monitoring. You can get free credit monitoring on sites like Credit Karma and Credit Sesame so you'll get alerted if anything funky happens to your credit. You can also check your credit reports for free at …
Read more on Forbes

22 States Where You Could Lose Your License for Not Paying Your Student Loans
You can check your credit reports for free once a year from each of the three major credit reporting agencies at Because student loans are generally not dischargeable in bankruptcy and default can be catastrophic for your credit …
Read more on ABC News

Study: Adoption of New Credit Scoring Models by Fannie Mae and Freddie Mac

Study: Adoption of New Credit Scoring Models by Fannie Mae and Freddie Mac
STAMFORD, Conn.–(BUSINESS WIRE)–VantageScore Solutions, LLC, the company behind the VantageScore® credit scoring model, announced today the results of a study assessing the social and financial impact of revised credit score requirements at …
Read more on Business Wire (press release)

20 Easy Ways Millennials Can Boost Their Credit
According to a report published by Experian at the end of 2013, young adults aged 19 to 29 had an average credit score of 628 — more than 50 points lower than the national average and the lowest of all the age groups. If you're a millennial, maybe you …
Read more on Go Banking Rates

Students need to become more familiar with their credit scores
Your credit score is a three-digit number that has a long-lasting effect on your buying power. When you apply for credit, your credit score will be checked. The higher your credit score, the better the chances you will be approved. Although there are …
Read more on Huntington Herald Dispatch

Why You Might Need a Secured Credit Card

Why You Might Need a Secured Credit Card
Since secured cards typically don't require you to have a previous credit history or a minimum credit score, approval is almost guaranteed. This is a big win for those who have poor credit or no score at all – two groups of consumers who may not be …
Read more on U.S. News & World Report (blog)

Fact Vs. Fiction: Your Credit Score
A recent survey by credit bureau TransUnion found most of us just don't get how it works. "Paying off debts from late payments automatically increases your score." — FICTION. Late payments are bad for your credit scores — period. Paying off the debt …
Read more on WFMY News 2

Latest Annual Credit Report News

GST only on annual credit card fee, no more service tax, says report
Beginning April 1, the Goods and Services Tax (GST) at 6% will only be imposed on the credit card annual fee charged by banks. – AFP/Relaxnews pic, March 23, 2015.The service tax on credit cards will be abolished and the Goods and Services Tax (GST) …
Read more on The Malaysian Insider

ING Group will issue USD 2.25 billion Additional Tier 1 securities
… built-in loss carry forwards, (17) changes in credit-ratings, (18) ING's ability to achieve projected operational synergies and (19) the other risks and uncertainties detailed in the risk factors section contained in the most recent annual report …
Read more on EIN News (press release)

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