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88%  
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Keyword: credit

Brevity: Headers | « Text »
  • Russia's credit risk is worse than Pakistan's

    02/04/2015 2:11:21 AM PST · by elhombrelibre · 7 replies
    Reuters ^ | 2 Feb 15 | Unknown
    Russian debt insurance costs and yield spreads on sovereign dollar bonds are near six-year highs, surpassing those of countries such as Pakistan whose credit ratings are several notches lower. Analysts said on Monday that last week's shock interest rate cut had worsened the situation by weakening the rouble, making debt repayment costlier for many companies and raising inflationary pressures. Russia is rated Baa3 by Moody's and BBB- by Fitch, their lowest investment-grade ratings, while Standard & Poor's cut its rating to a "junk'' grade BB+ last week.
  • American Express Is Slashing 4,000 Jobs

    01/21/2015 2:40:22 PM PST · by SeekAndFind · 6 replies
    Business Insider ^ | 01/21/2015 | AKIN OYEDELE
    American Express will slash 4,000 jobs, even as the company reported that fourth quarter earnings were dented by foreign currency movements. Bloomberg reported that the job cuts are part of a restructuring, and a spokesperson said they will cut across the company. In its earnings release, the company said it is taking a pretax restructuring charge of $313 million to "improve operating efficiencies." After the bell Wednesday, American Express reported that fourth quarter profits rose 11% to $1.45 billion, or $1.39 a share, versus an expected $1.38 per share. Revenues rose to $9.1 billion from $8.5 billion, a 7% increase,...
  • Another Credit Card charge scam (hotels).

    12/12/2014 5:45:07 PM PST · by Leo Carpathian · 13 replies
    email | 12/12/2014 | myself
    Hello, I have a problem with a payment that you charged twice. For days ago I have paid with my credit card at Your resort and this morning when I checked my account, I had the transaction charged twice with the same amount. I have attached my credit card statement that shows the double charge. Please let me know how and when do I get the second payment from the attachment credited back to me? Thanks M Barber Riggins received from: From: "M Barber Riggins" jjarut@berkeley.edu Subject: Charged twice.. for a single night stay.. - Please help! Date: 12/12/14 02:31:43...
  • Holiday gift season SCAM alert

    11/25/2014 6:43:48 AM PST · by sodpoodle · 34 replies
    email from friend | 11/25/14 | unknown
    BE ON THE ALERT, THE HOLIDAY SEASON IS COMING NEW SCAM Just when you think you've heard it all. Here comes another scam. This scam is very clever. Be very careful out there! One could easily fall for this - beware of people bearing gifts! There is a new and clever credit card scam. Please circulate this. Someone it happened to says it works like this: Wednesday a week ago, I had a phone call from someone who said that he was from some outfit called: "Express Couriers" asking if I was going to be home because there was a...
  • Are you stealing cars without knowing it?

    10/10/2014 6:57:27 AM PDT · by KeyLargo · 4 replies
    The Street ^ | 10-8-2014
    Are you stealing cars without knowing it? 10/08/14 - Here's another reason to protect your identity -- car thieves are stealing personal information to buy new vehicles directly from dealerships, according to the National Insurance Crime Bureau (NICB). The bureau says crooks have been frustrated by late-model cars with advanced safeguards that make hot-wiring difficult. But resourceful thieves are now using stolen IDs and fake driver's licenses to purchase or lease vehicles, which they then sell after changing vehicle identification numbers (VINs). "It's comparable to a hacker stealing IDs," explains Joe Wehrle, the NICB president and CEO, in a written...
  • With S&P downgrade, New Jersey now second-lowest rated state

    09/10/2014 10:35:45 AM PDT · by C19fan · 15 replies
    Reuters ^ | September 10, 2014 | Hilary Russ and Kanika Sikka
    Standard & Poor's Ratings Services cut New Jersey's credit rating one notch to A on Wednesday because of concerns about budgetary pressure from the state's underfunded public pension system. The action makes New Jersey the second-lowest rated U.S. state for S&P, behind only Illinois, rated A-minus with a negative outlook. S&P also rates California A, but that state's outlook is positive. It was the eight consecutive downgrade for New Jersey, but S&P's action contained a silver lining: the rating agency removed a warning of possible further downgrades in the near term and revised its outlook to stable from negative.
  • For Wonks Only

    09/07/2014 3:22:37 PM PDT · by hripka · 48 replies
    Pimco ^ | September 2014 | William H. Gross
    A credit-based financial economy (as opposed to pure cash) depends on an ever-expanding outstanding level of credit for its survival. Without additional credit, interest on previously issued liabilities cannot be paid absent the sale of existing assets, which in turn would lead to a vicious cycle of debt deflation, recession and ultimately depression. It is this expansion of private and public market credit which the Fed and the BOE have successfully engineered over the past five years, while their contemporaries (the ECB and BOJ) have until now failed, at least in terms of stimulating economic growth.
  • Online Retailer Zulily to Add 900 Jobs In Central Ohio

    08/24/2014 2:51:09 AM PDT · by 2ndDivisionVet · 5 replies
    WBNS-TV ^ | July 28, 2014
    SEATTLE - Popular online retailer Zulily is planning to add about 900 jobs in central Ohio as part of new tax credit deal from the state. The Seattle-based company says most of the positions at the new call center will be in customer service. The move is expected to generate $28 million by 2017. This comes in addition to Zulily’s existing facility in Obetz. As part of a tax agreement, the Ohio Development Services Agency says the company will receive a 75%, 12-year tax credit in exchange for operating in Ohio for at least 15 years. Zulily is an online...
  • Paltry credit-card debt growth signals restrained consumer

    08/03/2014 12:04:31 PM PDT · by Oldeconomybuyer · 15 replies
    MarketWatch ^ | August 3, 2014 | By Steve Goldstein
    WASHINGTON — Jobs growth has been solid of late, and manufacturing sentiment has been strong. But the lack of wage growth has been apparent, and one manifestation of that has been the paltry rise in credit-card debt. The latest data on consumer credit is due out Thursday. It’s likely to show non-revolving debt like auto and student debt is continuing to grow rapidly. But credit-card debt has barely budged. “Incomes are only growing so much,” said Josh Shapiro, chief economist at MFR. “[Consumers] are not going to go two-fisted on credit-card and auto debt.”
  • John McAfee Predicts Massive Credit Card Hack in 2014 [Varney]

    06/09/2014 8:39:14 AM PDT · by SES1066 · 28 replies
    Fox Business Channel / Stuart Varney Show at 11:30a | 06/09/14 | John McAfee
    On what was a basic discussion of personal privacy between the host of Varney & Co, Stuart Varney, and the founder of McAfee Antivirus (no longer associated), John McAfee, a startling prediction was made by the latter. Mr McAfee stated that the prior credit card breaches at Target and NM were beta tests and that in this year he predicts that there will be a much larger breach of such customer information.
  • Hillary Clinton’s Hardest Choice: To Give New Ghostwriter Credit

    06/01/2014 2:46:53 PM PDT · by afraidfortherepublic · 14 replies
    Show Biz-411 ^ | 5-30-14 | Roger Friedman
    The world waits for Hillary Clinton’s new book, “Hard Choices,” on June 10th. I know I have it all queued up on amazon.com. But Clinton’s hardest choice may start at home: will she give her ghost writer a credit this time? I wrote about a year ago that Edward “Ted” Widmer, a long time Hillary associate, was actually writing “Hard Choices.” Widmer, 51, is a Harvard graduate who wrote for the Harvard Lampoon. He has a long association with Brown University, where he was the Director of the John Carter Brown Library.At least that’s where used to be. Widmer now...
  • Kerry: Obama Administration ‘More Engaged’ with the World ‘Than at Any Time in American History’

    05/29/2014 9:13:36 PM PDT · by Nachum · 53 replies
    PJ Media ^ | 5/29/14 | Bridget Johnson
    Coming off a week where President Obama laid out an Afghanistan withdrawal timetable and put forth his foreign policy vision, Secretary of State John Kerry declared Thursday that this administration is “more engaged” with the world “than at any time in American history.” “I don’t think the president, frankly, takes enough credit for the successes that are on the table right now,” Kerry told PBS. “I mean, if you look at what has happened in Ukraine, the president led an effort to try to keep Europe unified with the United States, to put difficult sanctions on the table. Europe wasn’t
  • Lenders' credit score requirements may be stricter than needed

    05/11/2014 9:27:41 AM PDT · by jeannineinsd · 18 replies
    Los Angeles Times ^ | 5/11/2014 | Kenneth R. Harney
    Are lenders' credit score requirements for home buyers this spring too high — out of sync with the actual risks of default presented by today's borrowers? The experts say yes. What experts? The developers of the credit scores used by virtually all mortgage lenders. Executives at both FICO, creator of the dominant credit score used in the mortgage industry, and up-and-coming competitor VantageScore Solutions confirmed that mortgage lenders could reduce today's historically high score requirements without raising their risks of loss. In the process, many prospective buyers who currently can't qualify might get a shot at a loan approval. ....
  • Obama Gives No Credit to Israel

    03/14/2014 4:58:18 PM PDT · by Nachum · 6 replies
    The Weekly Standard ^ | 3/14/14 | DANIEL HALPER
    Elliott Abrams writes: Last week’s meeting between Benjamin Netanyahu and Barack Obama must have been tense. Two days before the meeting, the president publicly accused Israel of more “aggressive settlement construction . . . than we’ve seen in a very long time.” Only hours before the meeting, Israel’s Central Bureau of Statistics (CBS) published a report that cited a massive increase in settlement construction during 2013. But the president had his facts wrong, and a careful reading of the CBS data proves it. The pace is not “aggressive,” and almost all of the construction took place within the major settlement “blocs” —...
  • Identity Theft Protection is it worth it?

    03/12/2014 5:49:44 PM PDT · by Ben Mugged · 39 replies
    Me | March 12, 2014 | Me
    Is identity theft a real enough problem to warrant $10/month monitoring service? I must decide whether or not to get the service but to initiate it I must trust the service with a lot of personal data.
  • Capital One says it can show up at cardholders' homes, workplaces

    02/17/2014 10:22:16 PM PST · by Dallas59 · 110 replies
    LA Times ^ | 2/17/2014 | LA Times
    Ding-dong, Cap One calling. Credit card issuer Capital One isn't shy about getting into customers' faces. The company recently sent a contract update to cardholders that makes clear it can drop by any time it pleases. The update specifies that "we may contact you in any manner we choose" and that such contacts can include calls, emails, texts, faxes or a "personal visit." As if that weren't creepy enough, Cap One says these visits can be "at your home and at your place of employment." The police need a court order to pull off something like that. But Cap One...
  • All American Credit Cards Will Disappear In 2015 And Be Replaced With This New Tech

    02/08/2014 3:14:06 AM PST · by kingattax · 68 replies
    Yahoo Business Insider ^ | 2-7-14 | Jim Edwards
    These credit cards are dinosaurs. Every credit card in the U.S. will be replaced by October 2015 with new cards that contain the chip-and-PIN technology that the rest of the world has had for years, according to the Wall Street Journal. Both Visa and MasterCard are committed to the switch, which will render extinct the plastic in your wallets and purses right now. No more black magnetic stripes; no more signing on the dotted line. Americans who have traveled to Europe in recent years will know that the U.S.'s credit card system is embarrassingly old-fashioned by comparison. It's often difficult...
  • Margin Debt Hits All-Time High

    02/02/2014 12:46:29 PM PST · by Red in Blue PA · 16 replies
    In the month of December margin debt on the NYSE surged by over $20 Billion dollars hitting a new all-time high of $444.931 billion. The rise in leverage also sent investors net worth to a negative $149.358 billion which is also a record. This is shown in the chart below.
  • Police Arrest Illegal Aliens With Ties To Massive Target Credit Card Breach

    01/20/2014 6:47:48 PM PST · by montag813 · 27 replies
    Top Right News ^ | 01-20-2014 | TRN
    Police have arrested two Mexican illegal aliens on fraud charges in the first arrests tied to the December Target credit card breach -- a stark reminder of the frequent involvement of illegal immigration and identity theft in the U.S.On Sunday, Police arrested 27-year-old Mary Carmen Garcia and 28-year-old Daniel Guardiola Dominguez both from Monterrey as they tried to cross into the U.S. from Reynosa with 96 fraudulent credit credit cards in their possession, said Police Chief Victor Rodriguez. Account information stolen during the Target security breach was used to produce the credit cards. The illegals, both from Monterrey, Mexico, used cards...
  • Target details free credit monitoring service

    01/18/2014 8:12:17 AM PST · by TurboZamboni · 9 replies
    Pioneer Press ^ | 1-18-14 | Tom Webb
    Target shoppers can now sign up for free credit monitoring and identity theft assistance, which the discount chain is offering to all customers affected by its security breach. Target will pay for the services for 12 months, provided by Experian through its ProtectMyID alert system. After a year, consumers must pay for the service themselves if they choose to continue. To enroll, first visit CreditMonitoring.Target.com to request an activation code. You'll need to provide your name and email address. The activation code will be sent by email, arriving in one to five days, Target said. Once you have your unique...
  • Obamacare tax credit suit rejected

    01/15/2014 2:07:56 PM PST · by Theoria · 7 replies
    Politico ^ | 15 Jan 2014 | JASON MILLMAN
    A District of Columbia federal judge rejected a lawsuit Wednesday that challenged tax credits for Obamacare coverage in the 36 states with federal-run exchanges – one of the most significant remaining legal fights over President Barack Obama’s health care law.The four individuals who brought the lawsuit, Halbig v. Sebelius, had argued that the IRS overstepped its legal authority by allowing federal-run exchanges to provide tax credits for people who purchase health insurance. They contended that the Affordable Care Act only allows for state-run exchanges to access such credits and that Congress purposefully designed the law that way to incentivize states...
  • Schumer Calls for CFPB Probe of Target; Blumenthal Wants FTC Investigation of Credit Card Hacking

    12/24/2013 2:20:25 AM PST · by SoFloFreeper · 14 replies
    pjmedia.com ^ | 12/23/13
    Senators are going after Target in the wake of a massive hacking that compromised the credit card numbers of some 40 million customers between Nov. 27 and Dec. 15. The numbers were swiped from U.S. stores and not from Target.com purchases, the retail giant said. There was no indication that PIN numbers on debit bank cards were compromised.
  • Stolen Target customer data is flooding the black market

    12/21/2013 8:48:52 AM PST · by Dallas59 · 57 replies
    The Verge ^ | 12/20/2013 | The Verge
    With Target already reeling from a massive hack that left up to 40 million credit and debit cards compromised, The New York Times now reports that all that data has been pouring into the black market since the break-in. With the breach taking place between Black Friday and December 15th, criminals on hundreds of illicit card-selling markets have likely had access to consumer information for weeks to date. "Guests will not be held responsible for fraud" Security experts, including security blogger Brian Krebs, say that criminals sell stolen credit cards in bulk, with individual cards going for as little as...
  • Democratic senators push for end to pre-employment credit checks ("women and minorities")

    12/18/2013 12:06:42 PM PST · by ConservativeStatement · 102 replies
    http://www.pottsmerc.com ^ | December 18, 2013 | Danielle Douglas
    WASHINGTON — Hank Ronan knew he would get the job. He had sailed through three rounds of interviews and hit it off with the doctors at the diagnostic center in Annandale, Va., where he had applied to be a driver for $11 an hour. Shuttling patients to appointments was a world away from his 20 years as a software engineer, but it was the best that Ronan could find after being laid off in 2011. He was eager to get back to work and granted the doctor’s office permission to run a credit check. Ronan never heard back, he said...
  • Man who created own credit card sues bank for not sticking to terms (Russia)

    11/30/2013 5:29:09 PM PST · by ReaganÜberAlles · 14 replies
    The Telegraph ^ | 11/30/2013 | Andrew Trotman
    When Dmitry Argarkov was sent a letter offering him a credit card, he found the rates not to his liking. But he didn't throw the contract away or shred it. Instead, the 42-year-old from Voronezh, Russia, scanned it into his computer, altered the terms and sent it back to Tinkoff Credit Systems.
  • Insight: Yellen Feared Housing Bust But Did Not Raise Public Alarm

    11/02/2013 8:20:16 AM PDT · by Son House · 4 replies
    Reyters ^ | Oct 30, 2013 | Marilyn W. Thompson, Ann Saphir and Alister Bull
    In 2004, the new president told risk managers in San Francisco that closer supervision had "made our financial system far more resilient to shocks." In Phoenix that year, she reported "more positive signs in the economy." She flagged real estate as a concern in March 2005, telling a banking group in Hawaii that her staff was examining commercial lending and was concerned about the "easing of credit standards and terms on loans" for home mortgages. But Yellen ended optimistically, concluding that "we don't think widespread problems are likely" and that "industry conditions in many respects are stronger now than they've...
  • In Order To Be Verified At Healthcare.gov - You MUST Have Used Credit In The Last 2 Years ...

    10/28/2013 11:43:01 PM PDT · by Lmo56 · 55 replies
    self | 10/29/2013 | self
    The FR Mods WON'T let me post a link to a web site that has a thread concerning this - but its name rhymes with DU. I have been trolling the site recently to see their reactions to the recent ACA debacle - as you can guess, their are ALL ecstatic over it, EXCEPT for one current post. They are REALLY upset about the MANDATORY use of credit in order to be verified by the ACA. You may want to read it, it MIGHT concern you too ...
  • Detroit Pensioners To Get 16 Cents On the Dollar (Mismanagement Has Consequences)

    10/27/2013 4:10:10 PM PDT · by whitedog57 · 44 replies
    Confounded Interest ^ | 10/27/2013 | Anthony B. Sanders
    Reuters may get the award for the worst headline of the year. “Detroit pension cuts ‘function of mathematics’ -investment banker.” It just told me that Detroit pension would be cut. But what you learn later in the article is pretty shocking: “Buckfire, a Detroit native and investment banker with restructuring experience, later told the court the city plans to pay unsecured creditors, including the city’s pensioners, 16 cents on the dollar. There are about 23,500 city retirees.” 16 cents on the dollar? Well, that is what happens when municipal government spends too much money (inefficiently) and suffers a decline in...
  • Why We Need the Full Faith and Credit Act

    10/03/2013 4:18:47 PM PDT · by TurboZamboni · 6 replies
    Daily Beast ^ | 5-9-13 | Jhhn Avlon
    The debt ceiling should really be renamed the default ceiling. This catastrophic game of chicken cost the U.S. our AAA credit rating and $19 billion when it was last employed in the summer of 2011 by House radicals who pretended their intransigence was a stand for fiscal responsibility. Now the default ceiling is looming again, promising yet another showdown between President Obama and House Republicans. But even Speaker John Boehner realizes that the 50 or so radicals on the far right of his own party—the Bachmann, Broun, Gohmert and King crew—are the greatest impediment to responsible self-government right now. That’s...
  • CFPB's data-mining on consumer credit cards challenged in heated House hearing

    09/13/2013 7:56:11 PM PDT · by Innovative · 15 replies
    Washington Examiner ^ | Sept 13, 2013 | Richard Pollock
    Consumer Financial Protection Bureau officials are seeking to monitor four out of every five U.S. consumer credit card transactions this year — up to 42 billion transactions – through a controversial data-mining program, according to documents obtained by the Washington Examiner. A CFPB strategic planning document for fiscal years 2013-17 describes the “markets monitoring” program through which officials aim to monitor 80 percent of all credit card transactions in 2013. “This is one step closer to a Big Brother form of government where they know everything about us,” said Rep. Sean Duffy, R-Wis.
  • Posted August 17, 2013 Fake Bank Scam Targets Those Rebuilding Credit

    08/18/2013 4:33:24 AM PDT · by William Tell 2 · 1 replies
    Main Street.com ^ | 8-17-13 | Philip van Doom
    NEW YORK (TheStreet) -- A scam being operated through an imaginary bank is being used to steal money from consumers seeking to rebuild their credit ratings by signing up for secured credit cards....
  • HHS: Small Businesses May Keep Current Health Plans in 2014, But Will Lose Tax Credit

    07/29/2013 2:49:17 PM PDT · by Nachum · 8 replies
    Weeky Standard ^ | 7/29/13 | JERYL BIER
    When the Affordable Care Act passed in 2010, one provision that kicked in immediately was a Small Business Health Care Tax Credit. The IRS explains how the fairly generous credit works: For tax years 2010 through 2013, the maximum credit is 35 percent for small business employers and 25 percent for small tax-exempt employers such as charities... Here’s what this means for you. If you pay $50,000 a year toward workers’ health care premiums – and if you qualify for a 15 percent credit, you save … $7,500. If you save $7,500 a year from tax year 2010 through 2013,...
  • More Government Spying Uncovered

    06/29/2013 10:07:14 AM PDT · by John Semmens · 15 replies
    Semi-News/Semi-Satire ^ | 28 June 2013 | John Semmens
    The massive invasion of Americans' privacy by the federal government isn't the exclusive turf of the National Security Agency (NSA). Information released in response to a Freedom of Information Act filing indicates that the Consumer Financial Protection Bureau (CFPB) has been conducting warrant-less surveillance of the financial transactions of five million consumers. CFPB Director Richard Cordray defended what he insisted was “mere data mining of an anonymous nature. There is no intent at this time to single out any individual. We're only gathering statistics to help us craft the appropriate regulations to control how credit is used in our economy.”...
  • Roskam: IRS Credit Card Excesses A ‘Pathetic Joke’

    06/25/2013 8:36:23 PM PDT · by Nachum · 16 replies
    free bacon ^ | 6/25/13 | staff
    Rep. Peter Roskam (R., Ill.) called news of Internal Revenue Service workers being allowed to use agency credit cards to buy such things as wine, pornography and diet pills a “pathetic joke” on Fox News Tuesday: GRETA VAN SUSTEREN: This may seem like a small number, but even like a $50 bottle of wine, that’s a couple weeks of student lunches for some families. Why are these people just stealing? Are you going to refer this to the Justice Department to tell Eric Holder, open a criminal investigation and let’s stop looking the other way? ROSKAM: Without question, the work...
  • EASY CREDIT IS INFLATING A MASSIVE STUDENT-LOAN BUBBLE

    06/22/2013 1:40:12 PM PDT · by SeekAndFind · 14 replies
    Human Events ^ | 06/21/2013 | Steven Greenhut
    Americans are still talking about the recently deflated housing bubble, but there’s a new bubble in town. It’s the student loan bubble and when this one pops, it might dwarf the wreckage we’ve witnessed in the real-estate markets. In the latest news, the Federal Reserve’s Board of Governors warned that soaring student-loan debt has “parallels to the housing crisis,” according to a May report in Bloomberg. As with housing, free-flowing cash will lead to widespread default. Of course, it’s easier to repossess a tract house than to take back a potentially worthless degree. Federal Reserve Chairman Ben Bernanke dismissed these...
  • Chief Justice's credit card info stolen

    03/29/2013 1:27:29 PM PDT · by JoeProBono · 32 replies
    upi ^ | March. 29, 2013
    WASHINGTON, - Chief Justice of the United States John Roberts told a Maryland coffee shop cashier he was the victim of credit card information theft. Roberts, who normally pays for his morning coffee with a credit card, paid with cash Tuesday and explained to the cashier that he had been forced to cancel his credit card when someone was able to obtain his numbers, The Washington Post reported Friday.
  • In U.S., young adults increasingly avoid credit cards

    03/19/2013 11:05:23 AM PDT · by TurboZamboni · 22 replies
    pioneer press/bloomberg ^ | 3-19-13 | Jeanna Smialek
  • No Joke: Chris Matthews Asks When Obama ‘Going to Get Some Credit for This Amazing Economy’

    03/11/2013 12:15:48 PM PDT · by Nachum · 33 replies
    Newsbusters ^ | 3/11/13 | Howard Portnoy
    In case you missed it, the February jobs report on Friday contained some encouraging news. National Journal’s Michael Hirsh wrote that the BLS numbers gave President Obama “what he’s wanted for four years: an unemployment rate that’s below where he started as president, 7.7 percent.” But Hirsh was guarded in his optimism, also acknowledging that “things are not really as good as the numbers suggest, and they are all but certain to get worse.” No such considerations entered into the mind of Chris Matthews Friday night when he wondered aloud on “Hardball” when Republicans were going finally make sure that...
  • Housing Bubble II? CoreLogic Reports 8.3% House Price Gain In One Year (Phoenix Up 22.9%!)

    02/05/2013 1:13:32 PM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 02/05/2013 | Anthony B. Sanders
    We just started to recovery from the government-induced housing bubble (National Homeownership Strategy from HUD), we may be entering House Bubble: The Sequel! CoreLogic reports 8.3% rise in house prices during 2012. The western states and Florida are leading the charge in terms of house price growth. And we are seeing the return of 100% LTV financing! Combine the return of 100% LTV financing with the FHA’s propensity for insuring lower FICO, high LTV loans and we may be setting the table for another bubble and burst. Of course, The Federal Reserve is helping to inflate house prices with its...
  • Identity Theft Stolen!

    02/05/2013 12:13:46 PM PST · by Revolting cat! · 38 replies
    self | 02/05/2013 | Revolting cat!
    Oh my, it happened again. Last time, it must have been almost 10 years ago, I had a keystroke capturing malware on the 'puter and some bastard from L.A. ordered a couple of hundred dollars of computer memory from a computer company, which then put me on its mailing list where I remain to this day receiving daily spam while never having bought anything from them. But that was all. The bank replaced the credit card, it didn't cost me a cent, and the culprit probably got away with it. The cops told me they get a couple of hundred...
  • White House takes credit on immigration deal

    01/28/2013 11:58:29 AM PST · by Nachum · 18 replies
    Politico ^ | 1/28/13 | DONOVAN SLACK
    White House press secretary Jay Carney on Monday welcomed an immigration deal reached by a bipartisan group of senators and gave credit to President Obama for pressing the issue. "I think it's important before we let the moment pass to acknowledge that the progress we're seeing embodied in the priniciples put forward by this bipartisan group is happening for a reason: I think it's happening because consensus is developing in the country, a bipartisan consensus, and it's happening because the president has demonstrated significant leadership on this issue," Carney said. He said that when immigration reform failed in 2010, Obama...
  • Illinois credit rating sinks to worst in nation

    01/25/2013 7:30:41 PM PST · by Libloather · 22 replies
    Chicago Tribune ^ | 1/25/13 | Ray Long, Monique Garcia
    SPRINGFIELD — Illinois fell to the bottom of all 50 states in the rankings of a major credit ratings agency Friday following the failure of Gov. Pat Quinn and lawmakers to fix the state’s hemorrhaging pension system during this month’s lame-duck session. Standard & Poor’s Ratings Service downgraded Illinois in what is the latest fallout over the $96.8 billion debt to five state pension systems. The New York rating firm’s ranking signaled taxpayers may pay tens of millions of dollars more in interest when the state borrows money for roads and other projects. “It’s absolutely bad news for taxpayers,” said...
  • Consumer Credit Rises $14.2 Billion in October - Federal Consumer Credit Up $6.9 Billion

    12/07/2012 1:35:56 PM PST · by whitedog57
    Confounded Interest ^ | 12/07/2012 | Anthony B. Sanders
    The Federal Reserve announced today that consumer credit rose $14.2 billion in October. The Federal government (aka, student loans) accounted for $6.9 billion of the increase. Quite an increase since January 2009! Overall, here is the revolving credit versus the non-revolving credit growth. Non revolving credit (auto loans and student loans) has boomed when revolving credit is relatively flat. Merry Christmas and Happy Holidays … with your auto and student loans! Remember, you start paying soon graduates!!
  • Credit Repair Services (Help please)

    11/08/2012 6:27:43 PM PST · by VastRWCon · 59 replies
    Hello Freepers, asking for help from the smartest people I know of. My daughter got into a lot of credit problems, and well dear old dad is trying to help her out. I was wondering if anyone knows of a good reliable credit repair company. I am not so interested as cleaning up her credit as I am in getting all the different bills that she owes into a single monthly payment so that they can all be paid in full. Yes there are a lot.
  • Our Greek Tragedy

    10/17/2012 6:55:42 PM PDT · by Tolerance Sucks Rocks · 6 replies
    Personal Liberty Digest ^ | October 17, 2012 | John Myers
    Regardless of who the President is after this close election, the equity markets and the U.S. economy are in trouble. Debt has spread throughout the Western world. The fallout is political dissonance, growing economic hardship and, in some places, mob violence.Ground zero for the spreading fear and panic is Greece, which was once the worldÂ’s greatest civilization and the birthplace of democracy, poetry and philosophy.There is violent evidence of the contradiction from what the ancients taught and what is unraveling in Greece. It would all just be another boring story at the end of the news day, except there is...
  • TRACING THE VAST UNTRACEABLE DONATIONS OF OBAMA’S DONORGATE

    10/10/2012 3:23:00 PM PDT · by helpfulresearcher · 30 replies
    To the Point News (free article) ^ | 10 October 2012 | Dagny D'Anconia
    Even CBS News is now calling it Foreign-Donor-Gate. As Obama’s coffers approach the 1 billion dollar mark, the Government Accountability Institute released a report that finally alarmed the mainstream media. They consider the foreign donor funds to be untraceable and unknowable. However, our experts in the credit card industry have shown us how to make these suspicious transactions traceable. Imagine the power of knowing the country, the bank and the details of how the numbers were generated. The stakes could not be higher.
  • Fed Policies Encourage Households to Take On More Federal Student Loans

    10/05/2012 3:12:18 PM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 10/05/2012 | Snakeeyes Econ
    Consumer credit in the U.S. rose more than forecast in August, propelled by a surge in borrowing for education and automobiles. The $18.12 billion rise, the most in three months, followed a revised $2.5 billion decrease in July, Federal Reserve figures showed today in Washington. The median forecast called for a $7.25 billion increase. The pickup in non-revolving borrowing, which includes student and automobile loans, was accompanied by the first gain in revolving credit in three months. Consumers took advantage of declining interest rates to buy vehicles, while higher gasoline prices helped push up the value of their credit-card borrowing....
  • From AAA to AA- in Four Years

    09/24/2012 4:27:41 PM PDT · by NaturalBornConservative · 6 replies
    Natural Born Conservative ^ | September 24, 2012 | Larry Walker Jr
    The New National Curse- By: Larry Walker, Jr. -In the year 2009 double-dealing returned to Washington, DC. Shortly after his inauguration, President Barack Obama pledged to cut the nation's annual budget deficit in half by the end of his first term. At the time, he identified exploding health-care costs as the chief culprit behind rising federal deficits. He warned that the country could not continue its current rate of deficit spending without facing dire economic consequences. He said, "I refuse to leave our children with a debt they cannot repay. ... We cannot and will not sustain deficits like these...
  • This Couple Paid Off $92,000 in Credit Card Debt in 5 Years

    09/22/2012 4:32:36 AM PDT · by SoFloFreeper · 28 replies
    Daily Finance ^ | 9/15/12 | Michael Lerner
    Jerry Bailey, a minister in Jackson, Mich., says he feels as if he has been given back his life. It's a dramatic statement -- and the story behind these words is, indeed, pretty extraordinary... It was 2005, and the couple had rung up approximately $92,000 in charges on their credit cards. At one point, they had 17 of them.
  • Banks' Market Morass

    09/14/2012 1:44:48 PM PDT · by eagleye85 · 2 replies
    Eagleye Blog ^ | September 14, 2012 | Bethany Stotts
    The passage of the Dodd-Frank Act was intended to reign in a run-away financial services industry following the market troubles of 2007. However, experts at the Heritage Foundation recently questioned whether these regulations were too burdensome on small banks, leading to a lack of credit for small town America. James R. Hamby, Chief Executive Officer of Vision Bank in Oklahoma, said that traditional financing was based upon the four “C’s” of credit: character, capacity, collateral, and credit. “In any regulation you will look at today you will never see the word character used once,” he said. “It’s like it’s a...