CoreLogic’s CoreScore Report supplements credit data
In early October, CoreLogic, a leading provider of credit information, announced they have a report that assesses credit risk and could be used as a a supplement to the traditional credit report. It is called the CoreScore Credit Report and ispliant with the Fair Credit Reporting Act (FCRA). It merges CoreScore consumer information and credit report data into one report. It
Tags: Credit, Credit Reports
According to recent information, before long there will be the possibility of Social Networking sites being used to verify how trustworthy you are before agreeing to give you a credit card account or other line of credit.
Social Networking Authentication will use your social networking contacts to confirm that you are who you claim to be by seeking verification from your friends.
In turn you may also be asked to share information about your contacts with online merchants and credit card issuers to confirm their identities as well. This may well be the next step in authentication for merchants who are wary of fraud.
Experts say that participating in social network authentication services offer consumers the added benefits of preventing people from adopting your persona and masquerading as you online.
This is known as e-personation and can often lead to damaging the victims reputation even if it is not used for fraudulent purposes.
Tags: Networking, Social Networking
Debt-laden electric power company AES Eastern Energy LP filed for Chapter 11 bankruptcy with a plan to sell its two upstate New York coal-fired power plants. Read the Daily Bankruptcy Review article via The Wall Street Journal.
Ally Bank, which is owned by the U.S. government, won’t force its ResCap unit into bankruptcy protection, the New York Post reports.
According to WSJ, former MF Global Holdings Ltd. Chief Executive Jon Corzine’s European bond strategy is becoming clearer.
Credit Slips discusses the decline in bankruptcy filings by chapter.
Bankruptcy Judge Arthur J. Gonzalez, who handled such iconic cases and Enron and Chrysler, will retire in March, DealBook reports.
Follow Bankruptcy Beat on Twitter.
Tags: Aes Eastern, Bankruptcy
Various financial planners offering services recognize the importance of cards for a good financial plan. The most important aspect about those credit cards is paying the rates in time, so you would benefit of the periods with zero interest. The majority of cards have an option of this kind attached to it, and one of the most important responsibilities of the financial planner is to make sure that you pay the rates in time. According to the financial planners, the interests to those cards might be huge, resulting in the impossibility for you to pay the rates in time.
Look for a card with a reduced interest if you are looking to transfer the debts from one month to the other. Make sure you understand the principle of the composed interest and of the supplementary interests that is taken as a commission by the bank over the effective cost of the objects bought with the card. Read full article…
Tags: financial planners
A recent survey found that nearly one in two Americans can’t make ends meet and pay basic bills in today’s economic situation.
Chicago bankruptcy lawyers understand that times are tough right now. The economy has few signs of improvement and, generally, people are struggling to put food on the table and keep a roof over their head.
For a lot of these people, it’s the constant threat of credit card companies, their collection agencies and other debts that have caused these problems. The lack of available funds are tied up in making low or minimum payments to credit card companies.
Considering bankruptcy in Chicago can help consumers get out of the problems they have encountered. Many debt problems aren’t the fault of the consumer, necessarily.
Job loss could be a function of the economy and surprise medical bills can level a family.
Tags: Times
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