Business and Financial News

No landlord wants to deal with criminals or unscrupulous tenants. That’s why, getting a good tenant is a very important process. With tenanthunter.com finding a tenant is an easy task for any person who needs to move out as soon as possible and no to break the lease at the same time. Professionals can save a lot of time and money not only for landlords but for tenants as well.

Talk to your tenants and put them in the lease only if you are confident. W Read more…

Experian has announced that starting this year, it will be reporting “positive” rental data from its RentBureau® division into the traditional credit files. Starting in 2012, Experian will start reporting negative rental payment information.

Experian claims this will help the 50 million underbanked consumers, such as college students and recent immigrants, to build credit with on-time rental payments. What it will mostly do is lower renters’ credit scores if, as frequently happens, they are late on a rental payment. The ding on their credit will follow them around for seven years. There really should be some restrictions on reporting someone who is, say, 7 days late on a rental payment.

The FTC reports that identity theft was the number one consumer complaint it and other federal agencies it and they receive from consumers in 2010. The agency annually publishes what it calls the Sentinel Network of consumer complaints. Last year, 6,460 California residents reported they were the victims of identity theft, which was 17% of all consumer complaints. Younger consumers were victims more often than older persons. California was # 3 in the U.S. in terms of complaints of identity theft among the states adjusted for population.

SmartMoney reports there are now seven different credit scores for sale available on more than 20 websites inevitably leading to confusion among consumers. Experian, Trans Union, and Equifax each sell their own credit scores. The FICO traditional score is the one used by the great majority of lenders.

A class action recently filed in a federal court in San Diego alleges that Experian’s subsidiary Consumerinfo.com that operates www.freecreditscore.com is deceiving customers in selling Experina’s PLUS credit score. The lawsuit alleges the score is not one typically used by lenders.

What is a prepaid debit card? It is somewhat similar to the usual credit card, the difference being that it has a lower credit limit compared to the usual credit card, and this credit limit depends on the security amount which the account holder deposits to use this card. The prepaid credit card is also termed as secured credit card.

The benefit of these prepaid credit cards over the usual ones is that the user will never go into debt as the card has limits to the purchasing power. No late fees or interest charges are chargeable because of the security deposit; the same way it is for debit cards. One can make reservations for hotel rooms and give their car rental fee and shun the opportunity of interest charges.

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House Republicans are trying to kill or cripple the Consumer Financial Protection Bureau before it goes into business. An article in the Nation reports on their attacks on the new agency and Elizabeth Warren, the acting director of the agency.

The banks and finance company are contributing lots of money to the House Republicans who then do their bidding. The Center for Responsive Politics identified 156 groups engaged in such lobbying after the Dodd- Frank Act creating the Bureau was passed while the Chamber of Commerce still has a dozen lobbyists working solely on Bureau matters. The American Bankers Association has only 11 lobbyists.

If you are having some bad luck with your credit card, maybe due to low balance or damage, then you must be looking for some quick ways to repair or re-establish your credits. The idea of bad credit business card has been very helpful in such cases. Not only will it help you repair your current credit card problem but it will also ensure a better future in the terms of your financial uses. To start with, the first thing you need to is to find a good company to get your bad credit business card from.

After you have agreed on the terms and conditions and read the rules and regulations of the company in question, everything else becomes easy.

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