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A new article published at Time.com is shedding light on the various ways consumer credit reports are being used and some of the tidbits are startling.

Credit scores have long been an important aspect of a consumer’s financial life. It is a credit score that can often make or break new financing decisions or credit card approvals. With the tough economy, people are being encouraged to pay a lot more attention to their credit standing so they have the same financial options that people with excellent credit records have.

Time reports that credit scores are also no longer something just creditors take into consideration. The information contained in the report can reveal to companies a lot more than you anticipated. Some things businesses can glean from a credit history include the amount of extra cash you are likely to have on you and who is likely to take prescription medication as directed.

This information may seem completely irrelevant to the consumer but businesses are thriving on the opportunity to target new audiences with their products and services. C

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Tags: Credit Scores, Scores

Ah, how to look awesome at that Halloween party this weekend without dropping a bunch of cash on a costume? Thinking ahead can lead to some bloody good online deals. But you can also get your Halloween for less at the last minute with a little creativity and some help from your friends. Here is how:

Cost-Conscious Costumes 1. Get your mask on. Instead of putting together an elaborate full-body costume, why not buy a mask, sport a black dress or suit and call it done. 2. Think accessories. Be a nerd, scarecrow, old lady, American tourist or a zombie by using inexpensive thrift store clothes or raiding your own closet. Makeup or a few accessories seal the deal. 3. Zombies are in. White and black face makeup and an old outfit or dress you can shred will do it. Fake blood is icing on the cake. 4. Get crafty. Cardboard boxes, old sheets, paints and makeup can be the basis for hundreds of original costumes. More Party for Less 1. Potluck it—spooky-style. Making a few specialty dishes and having friends bring others keeps costs down. 2. Go punch. C

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Tags: Halloween

In Crony Capitalism Comes Home, New York Times (Oct. 26, 2011), Nicholas Kristof notes the “alarmist view” of Occupy Wall Street rampant among the media and the elitist critics of the movement–one that sees the protesters as “half-naked Communists aiming to bring down the American economic system” or “a ‘mob’ trying to overthow capitalism.”  He rightly responds that it is instead a movement that “highlights the need to restore basic capitalist principles like accountability.”

[I]n recent years, some financiers have chosen to live in a government-backed featherbed. Their platform seems to be socialism for tycoons and capitalism for the rest of us.

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The American critique of the Asian crisis was correct. The countries involved were nominally capitalist but needed major reforms to create accountability and competitive markets.  Something similar is true today of the United States.

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Capitalism is so successful an economic system partly because of an internal discipline that allows for loss and even bankruptcy. It’s the possibility of failure that creates the opportunity for triumph. Yet

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Tags: Crony Capitalism, Kristof

Wonder what specifically water damage restoration is? As you realize, when your house suffers from water damage, you’ve got a massive mess – plus a massive job – on your hands. The approach of repairing your home to its pre-loss condition after a flood, overflow, or other water damage event is known as water damage restoration. During the water damage restoration process, several crucial procedures take location: loss assessment, categorizing water based on the water source’s contamination levels, drying and decontaminating the structure and its contents, monitoring the approach, and completion. There are only some true fire and water restoration companies in Tacoma that may offer the full line of flood clean up, fire rebuilding and mold remediation services. These businesses have been in organization inside the Tacoma region for decades and have full time, trained technicians who’re accessible to complete emergency restoration function 24/7. They have industrial strength equipment and expert gear that they use everyday on just such water damage emergencies.

Most of the Water Damage Restoration tacoma companies you will find on the web are marketing and advertising businesses that later sell your cleanup and rebuilding job to subcontractors they in no way met. When ther

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Tags: Damage, Damage Restoration, Water Damage, Water Damage Restoration

As most know, during the years leading up to the real estate crisis mortgage lenders originated individual home loans and then assigned packages of these loans to investors who converted the packages to mortgage securities. The assignment process involved an intermediary organization called Mortgage electronic Registration System, Inc. (“MERS”) which held millions of mortgages as an agent of the original lender and essentially served as a mortgage storage bin to facilitate mortgage transfers during the securitization process.

Attorneys defending mortgage foreclosures often as part of their defense challenge the plaintiff lender’s standing to bring a foreclosure suit. The challenge is based on whether the mortgage was properly assigned from the original lender to the investor that holds the mortgage and is bringing the foreclosure action. A recent New York bankruptcy court decision denied a mortgage lender relief from the bankruptcy stay to pursue a foreclosure because the court found that the lender could not properly substantiate his legal rights as assignee of the original lender and MERS.

In this case the original lender assigned the mortgage note to MERS as “nominee”. The assig

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Tags: Mortgage, Mortgage Lender