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Posted: March 22nd, 2010, 5:30am EDT
Facing unemployment in a dismal economy, Vernita Humphries, Randallstown, Md., was elated when she landed a job last year. But just days before her start date, the chief financial officer telephoned her to rescind the offer.
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Posted: March 22nd, 2010, 3:32am EDT
KUALA LUMPUR, March 22 (Bernama) -- EON Bank Bhd aims to secure a total of 700,000 credit cardholders this year following the economic recovery, its group chief executive officer Michael Lor said on Monday.
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Posted: March 22nd, 2010, 3:05am EDT
KUALA LUMPUR, March 22 (Bernama) -- EON Bank Bhd aims to secure a total of 700,000 credit cardholders this year following the economic recovery, its group chief executive officer Michael Lor said today.
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Posted: March 22nd, 2010, 1:11am EDT
EDGWARE, UNITED KINGDOM--(Marketwire - March 22, 2010) - The current trend with regard to short-term loans is not very surprising. More people than ever are turning to short-term credit in the form of payday loans as compared to other forms of bank loans and credit card options. Swiping plastic aimlessly and feeling bad about heavy bills at the end of the month are not responsible ways of ...
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Posted: March 22nd, 2010, 1:00am EDT
EDGWARE, UNITED KINGDOM--(Marketwire - 03/22/10) - The current trend with regard to short-term loans is not very surprising. More people than ever are turning to short-term credit in the form of payday loans as compared to other forms of bank loans and credit card options. Swiping plastic aimlessly and feeling bad about heavy bills at the end of the month are not responsible ways of handling ...
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Posted: March 21st, 2010, 7:40pm EDT
"How are we supposed to improve our credit without a job?" she said. She and her husband Christopher have been looking for full-time employment for nearly two years.
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Posted: March 21st, 2010, 4:28pm EDT
The housing market is still in bad shape, but investors don't seem to mind.
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Posted: March 21st, 2010, 4:28pm EDT
The housing market is still in bad shape, but investors don't seem to mind. While this week brings reports on sales of new and existing homes in February, there are no signs of heightened anxiety in the stock market.
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Posted: March 21st, 2010, 12:56am EDT
Employers' use of credit histories to screen applicants is turning into one more barrier for the unemployed. BALTIMORE -- Facing unemployment in a dismal economy, Vernita Humphries of Randallstown, Md., was elated when she landed a job last year. But just days before her start date, the chief financial officer telephoned her personally to rescind the offer.
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Posted: March 20th, 2010, 2:08am EDT
WASHINGTON -- Some homeowners who sign up for the government's mortgage assistance program are getting a nasty surprise: Lower credit scores. For borrowers who are making their payments on time but are on the verge of default, the Obama administration's loan modification program can reduce their credit score as much as 100 points. That makes it harder to get a loan and can present a problem when ...
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Posted: March 20th, 2010, 12:07am EDT
March 20 (Bloomberg) -- Advanta Bank Corp. , owned by the bankrupt credit-card issuer, was shut by regulators along with three lenders in Georgia as the number of failed banks this year climbed to 37.
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Posted: March 19th, 2010, 8:04pm EDT
Some homeowners who sign up for the government’s mortgage assistance program are getting a nasty surprise: Lower credit scores. For borrowers who are making their payments on time but are on the verge of default, the Obama administration’s loan modification program can reduce their credit score as much as 100 points. That makes it harder to [...]
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Posted: March 19th, 2010, 5:59pm EDT
CLEVELAND -- For 17 years, Troy Marshall claims he's had "excellent" and "highly recommended" reviews working at DFAS, the military payroll accounting facility in Cleveland.
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Posted: March 19th, 2010, 4:20pm EDT
Some homeowners who sign up for the government's mortgage assistance program are getting a nasty surprise: Lower credit scores.
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Posted: March 19th, 2010, 11:43am EDT
The Italian bank Intesa SanPaolo says it posted a fourth quarter profit as bad loans eased and trading performance improved.
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Posted: March 19th, 2010, 10:15am EDT
Some homeowners who sign up for the government's mortgage assistance program are getting a nasty surprise: Lower credit scores. For borrowers who are making their payments on time but are on the verge of default, the Obama administration's loan modification...
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Posted: March 19th, 2010, 2:24am EDT
Did bad credit keep you from a job?
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Posted: March 18th, 2010, 10:25pm EDT
March 19 (Bloomberg) -- HSBC Global Asset Management bought China’s bank stocks even amid concerns that record credit growth will increase bad loans and accelerate inflation.
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Posted: March 18th, 2010, 9:19pm EDT
HSBC Global Asset Management bought China’s bank stocks even amid concerns that record credit growth will increase bad loans and accelerate inflation.
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Posted: March 10th, 2010, 5:49pm EST
With unemployment high and personal wealth diminished, how did consumers pay down so much credit card debt last year? It turns out they may not have.
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Posted: March 10th, 2010, 5:45pm EST
With unemployment high and personal wealth diminished, how was it that strapped consumers were paying down their credit card debt last year? It turns out they probably weren't.
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Posted: March 10th, 2010, 5:45pm EST
With unemployment high and personal wealth diminished, how was it that strapped consumers were paying down their credit card debt last year? It turns out they probably weren't. The bulk of 2009's drop in credit card debt instead came because banks were forced... Credit card - Federal Reserve System - CardHub.com - Personal Finance - Debt
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Posted: March 10th, 2010, 5:11pm EST
Five members of a College Point family, a Jamaica resident, a Laurelton resident, a Flushing resident and four other people have been indicted in connection with a fraudulent credit card scheme, Queens District Attorney Richard Brown’s office said last Thursday.The defendants, who include five P.C. Richard & Sons...
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Posted: March 10th, 2010, 5:04pm EST
March 11 (Bloomberg) -- Latvian elections this autumn threaten to hamper government efforts to push through austerity measures vital to its international bailout, burdening the country’s credit rating, Fitch Ratings said.
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Posted: March 10th, 2010, 1:08pm EST
Repaying big card balances is hard enough, but remaining debt-free is even more so. Learn how seven credit card 'disasters' turned into credit card masters.
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Posted: March 10th, 2010, 8:20am EST
Image Credit: MTV Based on the show’s title alone, you know the basics about last night’s episode of 16 and Pregnant . What the title doesn’t tell you is that the teen moms on the show can sometimes defy preconceived notions and make really good decisions. Case in point: Chelsea.
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Posted: March 10th, 2010, 7:08am EST
It's no secret that small businesses in the U.S. face difficulties accessing credit. According to a survey of a random sample of 751 small businesses conducted by Gallup at the end of 2009 for the National Federation of Independent Business Research Foundation, 44% of small businesses seeking credit in 2009 received only some or none of the money they sought. This level of credit access compares ...
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Posted: March 9th, 2010, 9:09pm EST
Did a bad credit history keep you from getting hired when you applied for a job? Be interviewed for a story. Contact reporter Bonna Johnson at 615-726-5990 or bjohnson@tennessean.com.
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Posted: March 9th, 2010, 8:19pm EST
President Barack Obama stood with Greek Prime Minister George Papandreou on Tuesday and pledged that the United States would work with its ally, even as Greece's enormous debts sparked frenzied trading.
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Posted: March 9th, 2010, 7:54pm EST
Consumers fell further behind on bills in 2009, causing a surge in debt charge-offs, says Odysseas Papadimitriou, CEO of CardHub.com.
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Posted: March 9th, 2010, 3:55pm EST
A state lawmaker is hoping to stop credit checks on potential employees.
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Posted: March 9th, 2010, 3:41pm EST
SACRAMENTO, CA--(Marketwire - March 9, 2010) - Debthelp-now.com has announced adjustments to its debt settlement program to better help Americans affected by the New Credit CARD Act of 2009.
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Posted: March 9th, 2010, 1:44pm EST
Approach local bankers, informal investors, and peer-to-peer lenders, such as Prosper and Zopa, and talk up revenue history, accounts receivable, and inventory
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Posted: March 9th, 2010, 12:51pm EST
Running credit checks on all job applicants is becoming more widespread — and is generating opposition.
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Posted: March 9th, 2010, 10:52am EST
How are you supposed to get a job in this economy if someone is going to hold your bad credit against you?
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Posted: March 8th, 2010, 11:09pm EST
Not every letter from a credit card company is bad news these days.
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Posted: March 8th, 2010, 5:44pm EST
A bond sale wasn't enough to remove Greece from the list of countries deemed the greatest credit risks.
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Posted: March 8th, 2010, 5:33am EST
In a recent bid to clamp down on credit card companies the Government has taken action to encourage providers to raise the minimum monthly repayments and encourage people to reduce their debts sooner.
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Posted: March 8th, 2010, 2:07am EST
Mark Crouch gets a little hot when the topic of credit scores comes up. "We have entered an era where your credit score affects almost everything in your life ... things totally unrelated to your desire to borrow money," he said.
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Posted: March 8th, 2010, 2:04am EST
It's hard enough to find a job in this economy, and now some people are facing another hurdle: Potential employers are holding their credit histories against them.
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Posted: March 8th, 2010, 12:36am EST
By: Kelly Farrell Rules require co-signer or proof of ability to pay A new law intended to protect consumers — especially young consumers — from accumulating bad credit and sinking into debt has some students wishing the federal government would keep its nose out of their wallets. The Credit Card Accountability...
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Posted: March 8th, 2010, 12:09am EST
GRAND JUNCTION, Colo. (KJCT) - New rules are making it harder for teenagers to get their hands on credit cards, but some local financial advisors say government regulations alone aren't enough.
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Posted: March 8th, 2010, 12:03am EST
MIDDLETOWN — A city man was arrested Monday after police found him to be in possession of stolen credit cards and heroin.
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Posted: March 7th, 2010, 11:10pm EST
ABN cuts credit limit on cards to a tenthABN cuts credit limit on cards to a tenth
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Posted: March 7th, 2010, 8:35pm EST
Sixteen states, including Illinois, are considering legislationthat will ban or limit pre-employment credit checks. In Illinois,House Bill 4658, introduced by state Rep. Jack Franks, D-Woodstock,will seek to limit pre-employment credit checks of potentialemployees by employers. The bill is a revised version of House Bill4855, which was tabled Feb. 26 and sought to prohibitpre-employment credit ...
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Posted: March 7th, 2010, 8:30pm EST
(Springfield, MO) A number of state legislators want your credit history to to play no part in your employment.
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Posted: March 7th, 2010, 1:20am EST
Associated Press NEW YORK — Not every letter from a credit card company is bad news these days.
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Posted: March 5th, 2010, 5:05pm EST
Not every letter from a credit card company is bad news these days. While millions of card users received notices of interest rate hikes and new fees in recent months, a select portion learned they're getting new perks. Citigroup Inc., for example, let certain customers with cards that carry the American Airlines logo know they now get 1.2 miles for each dollar they spend, up from a 1-mile-for ...
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Posted: March 5th, 2010, 5:01pm EST
Banks boost rewards on some credit cards to encourage customers to use them frequently Credit card - Financial services - Business - Credit - Personal Finance
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Posted: March 5th, 2010, 3:28pm EST
Not every letter from a credit card company is bad news these days.
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Posted: March 5th, 2010, 3:28pm EST
Not every letter from a credit card company is bad news these days. While millions of card users received notices of interest rate hikes and new fees in recent months, a select portion learned they're getting new perks.
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Posted: March 5th, 2010, 2:36pm EST
I started a fabric and quilt shop in 2003 after finding myself a single mom. We expanded in 2007 but had problems with our new building. I found a new location, and my customers love it, but I'm in de...
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Posted: March 5th, 2010, 2:15pm EST
Not every letter from a credit card company is bad news these days. While millions of card users received notices of interest rate hikes and new fees in recent months, a select portion learned they're getting new perks. Citigroup Inc., for example, let... Credit card - Citigroup - Interest rate - Business - Financial Services
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Posted: March 5th, 2010, 8:04am EST
It's hard enough to find a job in this economy, and now some people are facing another hurdle: Potential employers are holding their credit histories against them.
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Posted: March 5th, 2010, 2:01am EST
Even if you're not worried that the dollar will plunge, owning gold isn't a bad idea.
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Posted: March 4th, 2010, 12:01pm EST
Filed under: General News Creditors are camping out on your doorstep. You break out in a cold sweat every time the phone rings. Macy's, Visa, Shell are all vying for your first born! Why? "Ya got bad credit, man!" But you still need a car, how in the heck do you make it happen? Car, plus bad credit, equals bus pass! Right? Wrong. Believe it or not, you still might be able to purchase that ...
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Posted: March 4th, 2010, 7:31am EST
Some employers use credit checks as part of job application process.
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Posted: March 3rd, 2010, 10:54pm EST
By: Emily Miels Wisconsin, and 16 other states, are considering passing a bill that would prevent employers from asking for credit checks from potential employees. According to the Society for Human Resources Management Web site, there has been a sharp increase in the nu...
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Posted: March 3rd, 2010, 10:54pm EST
By: Jessica Bedore The Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act), implemented on February 22, offers new consumer protections and places greater restrictions on the changes that credit card companies can make. The US Census Burea...
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Posted: March 3rd, 2010, 3:35pm EST
Interest rates on new credit card offers fell this week, according to the CreditCards.com Weekly Credit Card Rate Report, after First Premier eliminated a card offer with a nearly 60 percent interest rate.
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Posted: March 3rd, 2010, 12:40pm EST
This transcript chronicles the conversation between administration officials and CreditCards.com readers on Feb. 22, 2010, the day a federal credit card reform law took effect.
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Posted: March 3rd, 2010, 12:39pm EST
Consistent, timely student loan payments made via wage garnishment don't reflect positively on a credit report. But there are a few steps you can take to improve your standing.
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Posted: March 3rd, 2010, 11:17am EST
People are calling us saying they bought expensive new furnaces thinking they were getting a $1,500 tax credit. But then they filed their taxes...
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Posted: March 2nd, 2010, 1:03pm EST
Here's some good news for job seekers with bad credit!
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Posted: March 2nd, 2010, 12:00pm EST
When cash is tight, consumers traditionally pay their mortgage first and let other bills stack up. But now credit-card bills are the top priority
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Posted: March 2nd, 2010, 6:36am EST
It's hard enough to find a job in this economy, and now some people are facing another hurdle: Potential employers are holding their credit histories against them.
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Posted: March 1st, 2010, 6:47pm EST
Most landlords would turn away a would-be renter with credit issues, but Second Chance Rentals helps out families with bad or no credit find a place to live.
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Posted: March 1st, 2010, 9:33am EST
March 1 (Bloomberg) -- Sidney Crosby’s overtime goal salvaged the Canadian national hockey team’s Olympic gold-medal aspirations. Vancouver may have to count on him now to help sell condominiums to avoid a credit-rating cut.
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Posted: March 1st, 2010, 8:32am EST
March 1 (Bloomberg) -- Abu Dhabi banks rose the most in almost a month as economists said yesterday the United Arab Emirates may take steps to boost bank credit and on investor speculation that declines so far this year may be overdone.
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Posted: March 1st, 2010, 6:50am EST
Credit unions want Congress to raise limit on loans to small businesses.
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Posted: March 1st, 2010, 5:34am EST
March 1 (Bloomberg) -- HSBC Holdings Plc , Britain’s biggest bank, posted full-year net income that missed analyst estimates after costs for bad loans climbed and profit fell for units in Europe, the Middle East and Asia.
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Posted: March 1st, 2010, 5:31am EST
HSBC , Britain’s biggest bank, reported earnings for last year Monday that fell short of expectations and said it had said aside more money for bad loans, sending its shares falling.
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Posted: March 1st, 2010, 5:13am EST
March 1 (Bloomberg) -- Billionaire Warren Buffett shut a Berkshire Hathaway Inc. credit-card business and sold bad loans at 55 cents on the dollar in what he called a “very expensive business fiasco.”
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Posted: March 1st, 2010, 4:21am EST
The bank’s profit for 2009 rose 1.9 percent to $5.8 billion, but the number was lower than analysts’ expectations. The bank also said it set more money aside for bad loans.
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Posted: March 1st, 2010, 1:33am EST
It sounded like a great idea three months ago: Hand homeowners a $6,500 tax credit to find a new place to live, giving a thrust of energy to the housing market's recovery.
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Posted: March 1st, 2010, 12:45am EST
(Corrects rate at which loans were sold in first paragraph.) March 1 (Bloomberg) -- Billionaire Warren Buffett shut a Berkshire Hathaway Inc. credit-card business and sold bad loans at 55 cents on the dollar in what he called a “very expensive business fiasco.”