Memories of the times of my life when I had a roomate always bring a smile to my face. The first time, in college, sharing late-night pizzas and stories of the evening’s events forgotten in the daze created by 10 cent beers at the local pub. Later, when I bought my first house and the extra cash [...]
Entries from September 18th, 2009
Screen Potential Roomates Carefully or Your Credit May Suffer
September 18th, 2009 · No Comments · Identity Theft
Tags: credit·Credit Score·damage credit score·id theft·roomates and identity theft·screen roomates·steal personal information
Pay Off High Interest Rate Credit Cards with Savings?
September 17th, 2009 · 2 Comments · Banking, Budgeting, Credit Cards
A couple of months ago, Suze Orman advised her followers to just pay the minimum payments on their credit cards and hoard cash in order to build up an emergency savings fund. She was lambasted by critics who felt that this was an unrealistic goal with high costs. I’m in agreement with the critics and [...]
Tags: Credit Cards·Credit Limit·Credit Score·Emergency Funds·high interest·MSN Moneycentral·save money·savings·Suze Orman·zero percent interest
Many Mortgage Lenders Have Yet to Adopt FICO 08
September 16th, 2009 · 1 Comment · Credit Bureaus and Scores, Credit Reports
When Fair Isaac Corporation (FICO) rolled out their “new and improved” FICO 08 credit scoring model last year, hopeful consumers with single derogatory incidents on their reports anxiously awaited the possibility of improved credit scores under the new system. The updated scoring model, developed in part in response to the subprime mortgage crisis, minimizes the effect of small, missed payments listed in [...]
Tags: credit delinquencies·Credit Scores·credit scoring systems·FICO·FICO 08·Mortgage Loans·new FICO scoring system·scoring models
Move Over Chexsystems, Here Comes Early Warning Services (EWS)
September 15th, 2009 · 36 Comments · Banking, Consumer Info, Credit Bureaus and Scores
People are denied the ability every day to open a checking or savings account because of an entry in the Chexsystems database. Why? If you have an entry in Chexsystems, fairly or otherwise, it’s due to bounced checks. For more info. here is creditinfocenter’s page on Chexsystems. Now there’s a new database which banks are [...]
Tags: boucned checks·Checking Account·Chexsystems·Credit Reporting Agency·denied·Early Warning Services·EWS·Identity Theft·Savings account
