We posted a blog about a year ago which announced that the Federal Trade Commission (FTC) had filed a lawsuit against credit card issuer CompuCredit (CCRT). One of the (many) allegations made was that CCRT did not properly disclose that it monitored spending and cut credit limits if consumers used their credit cards at “particular places”. A settlement [...]
Entries Tagged as 'credit'
Ten Items You Don’t Want to Purchase Using a Credit Card
September 25th, 2009 · 3 Comments · Banking, Credit Cards
Tags: behavioral scoring·credit·credit cardholder spending habits·Credit Cards·credit red flags·data profiling·purchasing history
Screen Potential Roomates Carefully or Your Credit May Suffer
September 18th, 2009 · No Comments · Consumer Info, Identity Theft
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 [...]
Tags: credit·Credit Score·damage credit score·id theft·roomates and identity theft·screen roomates·steal personal information
How Do Short Sales, Loan Modifications and Foreclosures Impact Your Credit Score?
September 10th, 2009 · 3 Comments · Credit Bureaus and Scores, Mortgages, Real Estate
I attended a class at my real estate brokerage last week dealing with short sales and other types of “distressed” properties. With the market (at least in the Phoenix area) now comprised of over half short sales and/or bank-owned properties, it is imperative for real estate professionals to be well trained and knowledgeable in order [...]
Tags: credit·Credit Score·deed-in-lieu of foreclosure·FICO score·foreclosure·housing market·loan modifications·Real Estate·Short Sale
Do You Understand What Impacts Your Credit Score? Take This Quiz!
August 14th, 2009 · No Comments · Consumer Debt, Consumer Info, Credit Bureaus and Scores, Credit Reports
According to a recent article in RISMEDIA, Forty-two percent of consumers in the good ole U.S. of A have credit scores between 550 and 699. While a credit score close to 700 used to be considered unquestionably an A-credit score, the credit crunch has re-set the limits, and scores in this range no longer guarantee automatic [...]
Tags: credit·credit quiz·Credit Score·understand credit score·what impacts your credit score
