Many Consumers Still Lack Basic Credit Score Knowledge
In their third annual survey on consumer knowledge about credit scores, the Consumer Federation of America (CFA) and VantageScore Solutions found that many consumers still have major misconceptions about what influences credit scores and how credit scores are used. In fact, 54% of people answered they have not checked their credit scores within the past year.
UPDATE 2-California cities to remain ‘fiscally challenged’ -Moody’s
May 14 Many California cities will remain fiscally challenged over the next few years due to limits on raising revenues and demands for pensions and other spending, Moody’s Investors Service said on Tuesday.
The agency said it downgraded the ratings on 27 cities’ obligations and upgraded the general obligation ratings of two cities San Francisco and Los Angeles after reviewing all of the 95 California cities it assesses.
The review was inspired by the bankruptcy filings of Stockton and San Bernardino, California, to understand the risk of future bankruptcy filings and the cities’ current budget conditions, Moody’s said.
California stunned the $3.7 trillion municipal bond market last year with three bankruptcy filings.
The Nerds Behind Credit Karma: Alex
Hi there! Ready to meet another awesome member of the Credit Karma team? Last month, we introduced you to Igor, our Front-End Web Developer Lead.
Today, meet Alex! Fun fact about Alex: hes a HUGE fan of spicy food and regularly buys ghost pepper (the hottest pepper in the world) hot sauce to put on his food.
Want to learn more about Alex? Read on!
What’s your title at Credit Karma?
Front-End Developer
Describe what you do at Credit Karma.
I build and style the visual part of our website, emails, or whatever our great designers deliver to me.
How long have you worked at CK?
One and a half years!
Whats your favorite thing about working at CK?
Nerf gun wars!
Whats your favorite snack in the CK kitchen?
I cant share that its a big secret because I dont want people to touch my favorite snack! Bu
Comenity Credit Card Review
A Comenity credit card can be positively compared to other cards. Finding the best card for the right purposes is often the task of the person looking for a new or additional credit card.
Selecting the right card may involve looking at the pros and cons of each card available. How each of these options can benefit the purpose of the card purchase is often important.
Be sure to check out all credit card offers by using the FREE credit card chaser tool above!
The credit card approval criteria may be significant factors in choosing the right card. Certain rewards that the card offers (such as an online card access account and superior customer service) may help to determine the correct selection for the credit card shopper.
There are several awards and certificates that can be redeemed with this card.
2 creditors approve conditional sale of bankrupt Golden Guernsey
Bankrupt Golden Guernsey Dairy LLC has received support for the sale of its assets by its two major creditors; however, this support is largely contingent on whether the creditors can recover the debts they are owed by the company.
The proposed sale of bankrupt Golden Guernsey Dairy LLC, which filed for Chapter 7 bankruptcy, has the support of Accord Financial of Greenville, S.C., and Baraboo-based Foremost Farms USA if they are paid from the proceeds of the sale. However, because Golden Guernsey owes nearly $7.9 million to Accord Financial and $1.8 million to Foremost Farms, the current bid for $5.5 million made by Ohio-based LEL Operating Company is not enough to cover all the debts.
The purchase agreement for LEL includes company assets, Golden Guernsey Dairy LLCs property, and their intellectual property rights.
A bankruptcy auction will be held on May 14 if there are at least 2 qualified bidders, while a purchase hearing is set for June 4th.
Filing for bankruptcy and dealing with the aftermath is often complicated.
The gotcha-cha gives way to a new step
Simple.Transparent.
Of all the words you could use to describe credit cards, these are two that you probably wouldn’t. But that may be changing.
I’m not suggesting that issuing banks have sworn off their tricks entirely, like a reformed sinner at a tent revival. The Credit CARD Act of 2009 rolled back only the most egregious “gotcha” moments. Calls for more consumer protection are bulging from a regulatory comment file, as card users still find plenty of practices they can shake a finger at.
But there are examples of cards embracing simplicity and transparency without regulatory prodding, even when it costs them some quick fees.
A prime example is Barclaycard’s Ring, which reached its first birthday in April. [...]