Credit Information

Credit Information

How Credit Scoring Works


The all important credit score! It determines the amount of loan you can get, it determines the interest rate at which you are charged for a loan, etc. Your credit score plays an important figure in your financial life.

Credit Reports Inside and Out


The Credit Report is like your scorecard in the lending world. Every time you prepare yourself to acquire or purchase something that requires financial assistance from a lending institution, your credit report will be your "presentation card".

Identity Theft - Dont Think You Are Immune


As identity theft becomes more prevalent, the need to regularly check your credit report is very easy to see and understand. Two big headlines in the news recently point to how closely tied your credit report and identity theft are.

Credit Reporting: How Does It Work?


In order to determine a consumer's credit worthiness, creditors and lending institutions have come to depend on credit reporting agencies. Credit reporting agencies supply individual reports that provide consumer specific information for lending purposes.

What is the Check 21 Act?


Check 21 is the common name for the Check Clearing for the 21st Century Act. It's new legislation that was recently passed by congress and made a law when signed by the President of the United States (remember "I'm just a bill" from Saturday morning cartoons).

Credit Cards - The Top 3 Things You Need To Know


Today there are so many different credit cards available, student prepaid, low interest cards etc. that it has becomes a real hassle to find the right one that will suit your needs.

Credit Score: The Brightest Feather In Your Financial Cap


Credit scores are the most important aspect that determines your financial future. Carrying a good credit score is an asset and can pave your future towards greener pastures.

Credit Card Is Adding The Silver Lining To Your Pocket


In the new millennium plastic money or credit cards has rendered a new zing factor to your pocket. This has not only made you economically more flexible but subsequently added glamour to your financial image as well.

Why Does FACTA Matter to Me?


FACTA stands for Fair and Accurate Credit Transaction Act. FACTA is the law which allows any American access to their credit report once per year.

I've Heard About FACTA; What Does It mean?


What FACTA means is that if you, as an individual, lose the information on anyone you have ever hired; or, for any business in the United States of America that collects any personal information on people, if the information should be lost due to not destroying the information properly, then two things can happen. First, there are federal fines of up to $2,500.

Establishing Credit - What You Need To Know Part 1


Establishing credit is one of the most important things you can do in order to add stability to your financial record and dramatically increase your ability to borrow necessary funds in order to purchase a new home, new car or even pay for college expenses. Unfortunately credit has two sides to it that consumers can exploit.

Establishing Credit - What You Need To Know Part 2


In my previous article "Establishing Credit - What You Need To Know Part 1" I discussed the need for a good credit history and what lenders were looking for prior to loaning an individual money or additional funds based on their credit history. This article will go into the necessary steps someone needs to take in order to initially establish their credit history.

Credit Cards


Credit cards are a form of unsecured credit. The issuer is extending you a line of credit, usually tacking on all sorts of little surprises in the fine print.

Know Your Credit Card Rights


When you apply for a credit card, the application that you sign is also a legally binding contract laying out all the termsbetween you and the bank, such as the interest rate and how its calculated, the grace period, whether there's an annual fee, etc.While you have to agree to the terms and sign if you want the credit card and while the lender will certainly hold you to the terms, the lender doesn't feel similarly committed.

ChexSystems: Who They Are and How it Affects You


ChexSystems is a company that maintains a subscriber membership service used in the banking industry. The members consist mainly of Banks, and Credit Unions, but can include other types of Financial Institutions.

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MORE RESOURCES:

BBC News

Credit cards Superprime slime
Economist, UK - 1 hour ago
As the credit boom reached its peak, the firm’s credit-card business was growing by a dizzying 20% or more a year, with younger consumers with scant track ...
Overdue credit card bills show rise in June Boston Globe
Credit Cards: How to Protect Your Limits BusinessWeek
Debt crisis spreads to credit cards guardian.co.uk
Barron's - Reuters
all 349 news articles


AFP

Credit Suisse Still Has Stumbling Blocks
Forbes, NY - 51 minutes ago
LONDON - Credit Suisse may be back in the black but a toughening regulatory environment remains a concern for future earnings from the bank's securities ...
Credit Suisse's quarterly profit falls 62% MarketWatch
Credit Suisse Back in Black TheStreet.com
Credit Suisse’s Profits Fall, But Easily Beat Estimates New York Times
Wall Street Journal - Bloomberg
all 132 news articles


CardPartner Offers Two More "Micro-Affinity" Credit Card Programs ...
MarketWatch - 1 hour ago
"Until now, only large nonprofits could offer an affinity credit card. With CardPartner's help, we can now offer our supporters a high-quality credit card ...


Northwest Federal Credit Union links with iSekurity
Bizjournals.com, NC - 2 hours ago
Northwest Federal Credit Union has partnered with iSekurity to offer its identity theft protection and detection service to more than 97000 credit union ...
Northwest Federal Credit Union Partners with iSekurity MarketWatch
all 9 news articles


FCStone increases credit lines Kansas City Business Journal
Bizjournals.com, NC - 3 hours ago
FCStone Group Inc. has beefed up its credit facilities to accommodate increased margin requirements at various exchanges. A new agreement with BMO Capital ...
FCStone Group, Inc. Announces Syndicated Margin Call Credit ... MarketWatch
all 8 news articles


New state law ties amount of tax credit with the level of ...
Newsday, NY - 8 hours ago
The legislation caps redevelopment tax credits and increases incentives for the cleanup of affected areas. While the Brownfield Cleanup Program was created ...


Lockheed Federal Credit Union Stable in Wake of Mortgage Meltdown ...
MarketWatch - 4 hours ago
"I'm proud that our strategy of cost control, prudent investments, and sound loan underwriting has put Lockheed Federal Credit Union in an extremely solid ...


CBC.ca

Does using your credit card to check-in expose you to fraud?
USA Today - 4 hours ago
Canadian low-cost carrier WestJet is suspending customers' ability to use credit cards to check in at self-service kiosks over concerns of credit-card fraud ...
Fraud fears lead WestJet to suspend credit-card check-ins at kiosks The Canadian Press
Fraud probe shuts airport kiosks Globe and Mail
Toronto airport credit card scam probed United Press International
Canada.com - Globe and Mail
all 118 news articles


Ford Motor Credit Reports Second Quarter 2008 Preliminary Results*
MarketWatch - 7 hours ago
DEARBORN, Mich., July 24, 2008 /PRNewswire-FirstCall via COMTEX/ -- Ford Motor Credit Company reported a net loss of $1427 million in the second quarter of ...


WaMu Drops Second Day as Gimme Credit Cites Liquidity Concern
Bloomberg - 1 hour ago
By Ari Levy July 24 (Bloomberg) -- Washington Mutual Inc. tumbled more than 20 percent for a second day as Gimme Credit LLC said unsecured creditors were ...

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