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Consumers will soon be given easier access to their credit scores, when they’re used to to determine terms of a loan or line of credit.

The Federal Reserve and Federal Trade Commission has finalized the new rules that may allow U.S. borrowers to get a free glimpse at their credit scores following a loan or credit application.

As part of the Dodd-Frank Financial Reform Act, the rules will require lenders to disclose credit scores to consumers when the scores have an impact on credit terms or result in an adverse action, such as an increase in interest rates.

The rule focuses on maintaining transparency in lender underwriting so consumers understand the reasons that they were rejected for a loan or received less-than-optimal pricing terms.

Currently, consumers are given minimal details when credit pricing terms are worse than those with better credit histories.

Model form notifications that reflect the new credit score disclosure requirements must include the credit score, the score range, the date of the score, and key factors affecting the score. T

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Tags: Credit Scores, Easier Access, Scores

Acquiring a home is a large financial commitment. That is much more accurate if it is for a first-time buyer. However you want to get the appropriate kind of house.

For instance, do you have a definite view on the type of house you wish to reside in?

It becomes an essential initial step when you actually entering into the market and start exploring homes; you need to know the particular floor plan and house which matches how you live. If you happen to be looking for a retirement style of house in a more comfortable climate, then you might look for something such as Daytona Beach condos for sale. If you happen to be somebody of a higher budget, then you definitely might even take the next step and take a look at residences that happen to be situated right on the beach in the Daytona area.

Once youve decided the type of condominium you are looking for, then you might want to hunt for those who are trying to sell their Daytona Beach condos.

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Six years ago, flood waters from Hurricane Katrina put an end to Cathy Deano’s home-based catering service. Back then, the last thing the 57-year-old Mandeville, La., native imagined was launching another business — let alone a chain of 54. Yet a series of bring-your-own-wine painting classes hosted by Deano and a partner at a local art studio caught on, leading to extra locations in and around New Orleans, and eventually further afield. “We didn’t know anything about franchising,” says Deano. “It all happened so fast.”

For Deano and other small-business owners, franchising offers the chance of faster growth by selling a ready-made concept to aspiring owners, while tapping new markets and raising the profile of a brand nationwide.

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