This Week in Credit News Credit Swaps on Bank of America, Goldman Sachs Jump on S&P Cut “The cost to protect debt issued by U.S. banks from Bank of America Corp. to Goldman Sachs Group Inc. jumped after Standard & Poor’s lowered their long-term credit ratings as it revised criteria for the banking industry.” A [...]
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Continue ReadingWith unemployment rates in America hitting a near all-time high, the number of applications being received per position is skyrocketing. Couple the unemployment rate with the increasing popularity of employers running credit & background checks on potential employees and the situation is creating a Catch-22 for many job seekers. This is because your credit profile [...]
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Continue ReadingMost people do all they can when it comes to credit repair. They pay their bills and try to keep their credit cards from making the wrong charges, but for some reason, their reports and scores never quite seem to work out as well as they hope. To help you make some sense out of [...]
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Continue ReadingThis post might not have much to do with credit repair services, but I thought we’d cover an area of personal finance often left unchecked. It seems like every other day that I come home from a long day at the office to find at least two cards that proclaim in huge, bold letters “WE [...]
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Continue ReadingThis Week in Credit News Credit Unions Poach Clients “Thousands of people flooded into credit unions and small banks over the weekend as part of Bank Transfer Day, an effort to prod depositors to abandon giant banks. But at least some of the big banks won’t mind losing those customers.” Credit card issuers raise rewards [...]
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Continue ReadingSay you’re in the market for a new car. That old ’91 Oldsmobile isn’t quite cutting it like it used to, and it’s time to trade up, so you decide to spend a weekend out cruising the car lots for a new set of wheels (and maybe some sweeter rims to go with it). Eventually, [...]
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Continue ReadingThis Week in Credit News Credit union business grows as consumers sour on banks “Long touted by consumer groups as a more consumer-friendly option than large commercial banks, the nation’s not-for-profit credit unions saw a significant jump in new members and deposits last month as momentum in the Occupation Wall Street campaign has increased, and [...]
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Continue ReadingThis Week in Credit News Using Credit Cards to Target Web Ads “Their plans, if implemented, would represent not only a technological feat—tying people’s Internet lives with shopping activities—but also an erosion of the idea of anonymity on the Web. It’s an effort by the two companies to profit by selling access to the insights [...]
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Continue ReadingThis Week in Credit News Credit Union Pledges Fee-Free Checking for Life “Bethpage Federal Credit Union says that effective immediately, new customers opening a Bethpage Bonus checking account can be assured of a lifetime of no debit card fees, no monthly maintenance fees, no transaction fees, no minimum balance fees and no fees charged by [...]
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Continue ReadingThis Week in Credit News Wausau, Wis., has top credit score of U.S. cities “Several other Midwestern cities are among the metro areas with the best credit scores, Experian said. Compared with the rest of the nation, they tend to have lower unemployment rates and less debt.” Credit-Card Issuers Circling Subprime Borrowers Again “The move [...]
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