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 »
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Thursday, March 16
by
BK Blogger
on Thu 16 Mar 2006 02:14 PM PST
Wednesday, March 15
by
BK Blogger
on Wed 15 Mar 2006 01:56 PM PST
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 »
by
BK Blogger
on Wed 15 Mar 2006 08:44 AM PST
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 » Tuesday, March 14
by
BK Blogger
on Tue 14 Mar 2006 08:05 AM PST
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 » |
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