What s My Credit Score Why Should You Care What Your Credit Score Ratings Are Anyway
Are you finding that financial institutions have gone from practically throwing money at people regardless of whether they could afford to repay it or not, to not lending anybody anything. There should be a happy medium but as yet the banks and credit card companies don’t appear to have found it. Add to that the fact that the three different bureaus all calculate your score slightly differently and the lenders do it a different way again, it is easy to see how you can become confused. So what is a good credit score? If possible you should be aiming for the 700 to 800 level as the higher your number the easier it will be to obtain future credit and the lower your interest rate. Most people would have had no issue scoring this a couple of years ago but now the goal posts have been moved. L Read more…
Tech Shopping Tips
These days, it’s beyond easy to shell out $2,000 for a new computer. Same with a smartphone, which can cost anywhere from $150 to $300 (service not included). Sure, technology can be super convenient. But you’ve gotta keep sight of the difference between your tech needs and your tech wants, and be honest with yourself about what you can afford.
If it is time to invest in new technology, keep costs in check with these 8 tips:
1. Get tech that’ll last you at the best price possible—think quality and value; stay away from frills.
2. Know your needs and shop to meet them instead of going after what’s hot right now.
3. Upgrades
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Former Queens University Dean Charged With Embezzling $1 Million
Kris Alingod – AHN News Contributor
Queens, NY, United States (AHN) – A former dean of St. John’s University was charged Wednesday with using $1 million worth of school funds to pay for her son’s tuition and other expenses such as groceries and Victoria’s Secret lingerie.
Cecilia Chang faces a 205-count indictment including first-degree grand larceny, 69 counts of second-degree forgery and 64 counts of first-degree falsification of business records.
The 57-year-old was the university’s vice president for international relations and dean of the Center of Asian Studies until her suspension and eventual removal this year. She is accused of having non-work related expenses reimbursed by the university over a six-year period, and funneling a $250,000 donation to the school from a Saudi Arabian foundation into a non-profit she created.
An alumni of St. John’s who
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Track your credit status with free credit score
Due to credit crisis or recession, people had to face lot of issue. Despite of low mortgage rate, people were not able to purchase them due to adverse credit rating. At that point of time, people started realizing the importance of good credit score. Many financial and consultant advise people to keep a close eye on credit history or score, but they don’t follow. Generally, people have no time and money to spend on credit history. In order to provide some relief to UK citizens, many companies and websites provide free credit score.
Now days, number of websites have come in the market and offering free credit score. These companies or web portals use the formula similar to national credit bureaus while calculating the score. Most of the people don’t accept these score and raise the questions as well about the online credit score. But
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Bankruptcy Effects to Your Credit Score
Generally, a bankruptcy is the least desirable choice for you when you finances have gotten out of control. However, if your financial standing has been going down for a while, your credit score is likely so bad that filing a bankruptcy does not do much to make it worse. Bankruptcy could offer relief in a way that it puts a stop to the never-ending demand letters and telephone calls from creditors and collection agents. Its effect on your credit standing depends in part on the type of bankruptcy you will file. The Chapter 13 bankruptcy is also known as reorganization. It lets you keep certain property like a car or a mortgaged home that you might have lose otherwise. Reorganization lets you pay off your default in a three year or five year time rather than surrendering your property. I Read more…
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Wisconsin Bankruptcy Cases Filed at a Record Level
For the fiscal year ending June 30, 2010, almost 30,000 bankruptcy cases were filed in Wisconsin. This is the largest number filed during the past 40 years, and probably even beyond that. Of these cases, more than 96% of the cases were chapter 7 cases or chapter 13 cases. This level of filing is 20% in excess of the already elevated level of cases filed in fiscal year 2009 ending June 30, 2009.
What does this mean? Several factors:
- The economy stinks – plants are closing throughout Wisconsin
- High unemployment rates persist – still close to 10%
- Mortgage foreclosures are running rampant – more foreclosures have been filed in Wisconsin than ever – mediation is effective only in Milwaukee and Dane Counties – other county courts seem intent on shoving mortgage foreclosures through the courts as fast as possible without regard to homeowners’ rights
- Collection of credit card and medical debt is more aggressive than ever – predatory collection firms
Remember, creditors have rights but debtors have remedies. Bankruptcy is the
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Florida’s Horizon Bank Shuts Down, Ozarks Bank Takes Over
Jeehan Fernandez – AHN News Writer
Bradenton, Florida, United States (AHN) – Horizon Bank based in Bradenton was shut down Friday by the Florida Office of Financial Regulation and received by the Federal Deposit Insurance Corporation (FDIC) to protect depositors.
The closure listed Horizon Bank as the 119th FDIC-insured institution to fail nationwide this year and the 23rd in Florida. The last closure in the state was that of Community National Bank at Bartow, Bartow Aug. 20.
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Emergency Credit Cards Know your Situation
If you have zero credit or bad credit, then it is really important for you to start building new credit very fast; you should look into getting an emergency credit card, but do so carefully. You can find plenty second chance credit card companies out there. None of them are going to roll out the red carpet for you if there are some major credit problems in your past, but they will do business with you, of course. The best thing you can do in this situation is to control your use of the card. Since you are reasonable, you can understand that they are going to have to view you as a high risk if your credit is not good. Many of these companies are going to have to charge you a fee for their card. Some will charge a fairly high interest rate. O Read more…
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