In the wake of the sub-prime mortgage crisis, a private sector advisor to the US Treasury has stated an opinion that could be somewhat controversial. In an article that ran recently in Forbes, Eric Mindich, the advisor at issue here, suggested that the US Treasury should separate the rating and advisory functions at credit rating […]
Entries from September 2007
Treasury Advisor Suggests Change in Credit Rating System
September 28th, 2007 · No Comments
Tags: Credit report · Credit Repair · Credit repair Lawyer
Late Payments on Home Equity Credit Lines Reach Five-Year High
September 27th, 2007 · No Comments
One of the most popular financial strategies that home owners have employed in recent years was to take out a line of credit against the equity in a home. As property values skyrocketed early in the 21st Century, this step was taken by homeowners all over the United States. However, according to an article posted […]
Tags: Credit repair Lawyer · Credit Repair Attorney
Prominent CEO Sees US Credit Woes as Regional in Nature
September 27th, 2007 · No Comments
The national financial news has been dominated lately with stories regarding the sub-prime mortgage crisis and the general credit crunch, but the CEO of Lowe’s, one of the leading self-improvement suppliers in the world, offered an interesting take on the situation recently as reported by CNN Money.
“Chairman and Chief Executive Robert Niblock said Tuesday he […]
Tags: credit repair firm · Credit Repair · Credit Repair Lawyers
Credit Card Companies Reducing Credit Limits
September 25th, 2007 · No Comments
The sub-prime mortgage crisis has led to several proactive and somewhat defensive actions on the part of credit companies of all types, and a recent article that appeared in The Consumerist tells the tale of one specific step that credit card companies are taking – slashing credit limits as soon as there’s reason to suspect […]
Tags: creditllimit · Credit report · Credit Repair Attorney · Credit Repair Lawyers
Another State Hammers Credit Card Companies for On-Campus Solicitation
September 25th, 2007 · No Comments
In what appears to be a growing enforcement phenomenon, Ohio has thrown its hat into the ring in the fight against future credit problems by filing lawsuits against four credit card companies, according to an article filed recently by Columbus Business First. The relevant passage from the article appears below:“Attorney General Marc Dann’s office said […]
Tags: Credit report · Credit repair Lawyer · Credit Repair Attorney
Credit Card Spending Hardly Limited to US
September 25th, 2007 · No Comments
As the issues of credit and credit repair dominate the financial news in the United States, a report filed recently by the Economic Times slipped under the radar to an extent, even though the long-term implications of it could be quite troubling for the world economy. The article detailed the projected credit card spending in […]
Tags: Credit Repair · Credit Repair Attorney · Credit Repair Lawyers
Bill Introduced that Would Limit Credit Card Enticement
September 25th, 2007 · No Comments
Anyone who has spent any amount of time on a college campus has seen the sign-up tables here and there enticing students to apply for a credit card, and the specific enticement is often a free gift. However, a bill was introduced recently in California that would prevent credit card companies from ‘recruiting’ on campuses, […]
Tags: credit card · Credit report · Credit Repair Attorney
Credit Card Companies Applying Crunch to Members
September 24th, 2007 · No Comments
We’ve seen the news regarding the forthcoming problems with mortgage notes around the country that are going to begin to mature and put countless families and home owners in general in a serious financial bind. Now, according to an article published in the Wall Street Journal, credit card companies are beginning to ratchet up the […]
Tags: Credit report · Credit Repair Attorney · Credit Repair Lawyers
Standard & Poor’s President Resigns
September 24th, 2007 · No Comments
Standard & Poor’s is, quite simply, the biggest credit rating agency in the world. S&P is involved in millions of transactions and financing requests every year, and with that level of prevalence comes scrutiny. Recently, S&P has come under fire for its alleged role in the United States sub-prime mortgage crisis, and according to The […]
Tags: Credit report · Credit Repair Attorney · Credit Repair Lawyers
Credit Scam Uncovered in Indiana
September 24th, 2007 · No Comments
Another day, another Internet-based credit scam uncovered. That’s the story that was published in the South Bend Tribune yesterday, which detailed attempts by identity thieves to prompt members of the Notre Dame Federal Credit Union in South Bend to go to a Web site and enter personal information.
“Members were told to sign into a […]
Tags: Credit report · Credit Repair · Credit repair Lawyer