BK Blog sponsored by:
View Article  Credit bureaus create alternative to FICO
Blog sponsored by Bankrupt-Law.com


Thursday March 16, 6:00 am ET

Holden Lewis

The three national credit bureaus have developed a rival to the well-known
FICO credit score. The credit bureaus say their scoring model will be easier
for consumers to understand and will offer more consistent scores. But it's
too soon to say whether lenders will embrace it.
"It's the most sophisticated, highly predictive scoring model that's
available in the marketplace," says Donald Girard, spokesman for
credit-reporting giant Experian.

The ...   more »
View Article  FTC Launches Investigation into Woodlawn-Based BlueHippo Funding
Blog sponsored by Bankrupt-Law.com


Woodlawn, Md. -- The Federal Trade Commission has launched an
investigation into BlueHippo Funding, a Woodlawn, Md.-based company that
sells computers and plasma TVs to people with poor credit, The Baltimore
Sun reported on Wednesday. Both the Better Business Bureau and Maryland
Attorney General's office said that they have logged several hundred
complaints about the three-year-old company, which critics say charges
customers -- most of whom can't qualify for financing elsewhere --
exorbitant
prices, and sometimes ...   more »
View Article  NY Files $250M Fraud Suit Vs. H&R Block
Blog sponsored by Bankrupt-Law.com


Wednesday March 15, 11:32 am ET

By Samuel Maull, Associated Press Writer

New York State Files $250 Million Fraud Lawsuit Against Tax Preparer H&R
Block
NEW YORK (AP) -- New York state filed a $250 million fraud suit Wednesday
against H&R Block Inc., the nation's largest tax preparing service, charging
the company fraudulently steered customers into a losing retirement account
plan.
The news unnerved investors, who sent H&R Block shares down $1.54, or 7
percent, to ...   more »
View Article  Untitled
Blog sponsored by Bankrupt-Law.com



Major Credit Agencies Adopt Uniform Score

Tuesday March 14, 9:43 am ET

By Eileen Alt Powell, AP Business Writer

Three Large Credit Agencies Adopt Uniform Credit Score to Simplify Loan
Process

NEW YORK (AP) -- The three major consumer credit reporting agencies
announced Tuesday that they have created a new credit scoring system aimed
at simplifying the loan process for both lenders and borrowers.
The announcement by Equifax, Experian and TransUnion said the new
"VantageScore" was ...   more »