close
Credit report

Your credit report could interfere with your job search. Here’s what you need to know

These days, your credit history is almost as important to your personal finances as your bank accounts. This is because it can impact everything from your ability to get a loan to your ability to find a job. Yes, it’s true: your credit can have an impact on your job search.

One of the most common job search myths is that your potential employer can see your credit score. If you have a low score, it can definitely cause anxiety.

The good news is that employers can’t see your credit scores. However, there’s also bad news: Employers can check your credit reports, or at least a limited version of them. And, depending on the employer – and what they find – your credit history could lead to a denial letter.

What your potential employer can actually see

Employers can’t see your credit scores and don’t get the same version of your credit reports as lenders. But they still receive a fair amount of information about your financial situation.

An employer version of a credit check may include your:

  • name
  • Social Security number
  • Address
  • Current debts
  • Payment history

In most cases, your potential employer probably already has your personal information such as your name and Social Security Number (SSN), which is often needed to complete the background check in the first place. Other than your SSN, personal information on your credit reports is available through a basic background check that includes a search of public records.

So really, it’s your current debts and payment history that form the crux of the report. This can include mortgages, auto loans, personal loans, or credit card accounts. Your credit reports will show the last balances reported, as well as whether you are up to date with your payments.

One thing to note is that employers – and potential employers – need your consent to check your credit. Many companies will include this as part of the initial job application.

Some industries may care more than others

How much weight an employer places on your credit history – or even whether they check it – can vary widely by industry and company. For example, if you’re looking to work at a local drive-thru service, your credit card debt probably isn’t an issue.

However, if you are applying for a job with a bank or credit bureau, your credit history could have a big influence on the hiring decision. After all, if you don’t consistently manage your own finances, a company may not want to hire you to manage theirs. Excessive debt can also be a red flag in some security-sensitive jobs, as some employers may think those with excessive debt are more likely to be manipulated from the outside (such as bribery).

If a business plans to reject your application based on your credit check, they are required by law to notify you – in writing – that they are taking “adverse action” because of your credit. The company is also required to send you a copy of your report so that you have the opportunity to dispute any incorrect information.

The best ways to clean up your credit reports

You have three major credit reports, one from each of the three major credit bureaus: Experian, Equifax, and TransUnion. You are normally entitled to one free credit report from each bureau each year, although you can get weekly reports until April 2022 due to the pandemic. You can access your free reports at AnnualCreditReport.com. (The site is secure and managed by the credit bureaus.)

As long as your credit history is in good shape – that is, you don’t have late payments, maxed out cards, or defaulted accounts – you probably don’t have to worry about knowing if an employer verifies it. However, if your credit history is not at its best, you may be able to clean it up.

The first thing to do when checking your reports is to make sure everything is there. If you do not recognize any accounts or if there are other errors in your reports, you can file a dispute with the credit bureau to have the information corrected. You will need to file a separate dispute for each incorrect item with each office.

If the problematic items on your credit reports are legitimate (in other words, if you really missed that payment, or if you missed that account), you won’t be able to get them removed through litigation. Instead, you might just have to wait for them to age your intercourse. Most negative items will automatically disappear from your credit reports after seven years.

While you are unlikely to lose most jobs due to your credit history, it is good to know where you are at and the potential red flags you may be facing. And, given the importance of your credit to your finances in general, this is information you should have even when you are not actively looking for a job.

The best credit card erases interest until 2023

If you have credit card debt, transferring it to this top balance transfer card guarantees you an introductory APR of 0% until 2023! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card the top choice to help you control your debt. Read our full review for free and apply in just 2 minutes.

Read our free review

We strongly believe in the Golden Rule, which is why the editorial opinions are our own and have not been previously reviewed, endorsed or endorsed by the advertisers included. The Ascent does not cover all the offers on the market. Editorial content for The Ascent is separate from editorial content for The Motley Fool and is created by a different team of analysts. Ally is an advertising partner of The Ascent, a Motley Fool company. Brittney Myers has no position in the stocks mentioned. The Motley Fool owns shares and recommends Ethereum. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Source link

read more
Credit risk

Credit Risk Systems Market Share, End User, Global Innovation Outlook to 2028

New Jersey, United States, – The report provides proprietary research of global credit risk systems based on our honest, accurate and comprehensive market analysis to help you grow your business. It is a high quality Credit Risk Systems report market research and analysis that provides in-depth research for market players to know the growth opportunities hidden in the competitive landscape in the market segments. growth and more. We used both qualitative and quantitative analysis to compile the study. The Market Dynamics section provides information on the market influencers, challenges, drivers, restraints, trends and opportunities. The Credit Risk Systems report also provides other types of analysis, such as Porter’s Five Forces, PESTLE, and SWOT.

The report includes profiling of nearly all of the significant players in the global credit risk systems market. Company Profile section provides valuable analysis of strengths and weaknesses, business development, recent developments, mergers and acquisitions, expansion plans, global footprint, market presence and portfolio. of products from the main market players. This information can be used by players and other market participants to maximize profitability and streamline business strategies. Our competitiveness analysis includes important information to help new entrants identify barriers to market entry and measure the level of competitiveness in the global credit risk systems market.

In addition, the global credit risk management systems market is expected to grow at a CAGR of about XX% over the next five years, reach XX billion US $ in 2020, XX billion US $ in 2028

Competition analysis

The report focuses on the credit risk systems in the global market, especially in North America, Europe, Asia Pacific, South America, Middle East and Africa. The market estimate in this report is based on the selling price of the Credit Risk Systems Market (excluding any discounts offered by manufacturers, distributors, wholesalers, or traders). Percentage segmentation, market share, and product segment breakdown are derived from the weights assigned to each segment based on utilization rate and average selling price. The overall Credit Risk Systems market and regional segmentation of sub-segments are based on the adoption or usage of a percentage of this product in each region or country.

Major market players are identified by primary research, and their market revenue is determined by primary and secondary research. The secondary study includes a review of the annual and financial reports of major manufacturers; in contrast, the main study includes in-depth interviews with key thought leaders and industry experts, including experienced front-line employees, directors, CEOs, and marketing executives. Percentage breakdown, product market share, growth rate and breakdown are determined using secondary sources and confirmed by primary sources.

The research focuses on the current market size of the Credit Risk Systems market and its growth rates on the basis of records with company outlines of key players / manufacturers:

The main players covered by the credit risk systems markets:

  • Ibm
  • Oracle
  • Sap
  • Airlock
  • Experiential
  • Misys
  • Fiserv
  • Kyriba
  • Active risk
  • Pegasystems
  • Tfg Systems
  • Palissade Company
  • Resolver
  • Optimal
  • Risk-tower
  • Xactium
  • Origin Zoot
  • Risk data
  • Imagine the software
  • Gds link
  • Credit Score Software

Segmentation of the credit risk systems market:

The Credit Risk Systems market is split by Type and by Application. For the period 2021-2028, Intersectoral Growth provides accurate sales calculations and forecasts by type and application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.

Market breakdown of credit risk systems by type:

Credit Risk Systems Market Split By Application:

  • Small business
  • Medium-sized business
  • Big business
  • Other

Scope of Credit Risk Systems Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2019
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2027
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free customization of the report (equivalent to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options Take advantage of personalized shopping options to meet your exact research needs. Explore purchasing options

Regional Market Analysis Credit risk systems can be represented as follows:

Each regional sector of credit risk systems is carefully studied to understand its current and future growth scenarios. It helps the players to strengthen their position. Use market research to gain a better perspective and understanding of the market and target audience and to ensure you stay ahead of the competition.

Geographically, the global credit risk systems market has segmented as follows:

  • North America includes the United States, Canada and Mexico
  • Europe includes Germany, France, UK, Italy, Spain
  • South America includes Colombia, Argentina, Nigeria and Chile
  • Asia-Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

Visualize Credit Risk Systems Market Using Verified Market Intelligence: –

Verified Market Intelligence is our BI platform to tell the story of this market. VMI provides in-depth predictive trends and accurate insights into over 20,000 emerging and niche markets to help you make key revenue impact decisions for a bright future.

VMI provides a comprehensive overview and global competitive landscape of regions, countries and segments, as well as key players in your market. Present your market reports and findings with built-in presentation capabilities, delivering over 70% of time and resources to investors, sales and marketing, R&D and product development. VMI supports data delivery in interactive Excel and PDF formats and provides over 15 key market indicators for your market.


The study thoroughly explores the profiles of the major market players and their main financial aspects. This comprehensive business analysis report is useful for all new entrants and new entrants as they design their business strategies. This report covers the production, revenue, market share and growth rate of the Credit Risk Management Systems market for each key company, and covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. Historical breakdown data of credit risk systems from 2016 to 2020 and forecast to 2021-2029.

About Us: Market Research Intelligence

Market Research Intellect provides syndicated and personalized research reports to clients across various industries and organizations, in addition to the goal of providing personalized and in-depth research studies.

We talk about solutions for logical research, personalized consulting and data severity analysis across a wide range of industries including energy, technology, manufacturing and construction, chemicals and materials, food and drink. Etc. Our research studies help our clients make more data-driven decisions, admit push predictions, grossly capitalize on opportunities, and maximize efficiency by acting as their belt in crime to adopt a mention precise and indispensable without compromise.

Having served the pinnacle of over 5,000 customers, we have provided expertly behaving affirmation research facilities to over 100 global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi.

Contact us:

Mr. Edwyne Fernandes

United States: +1 (650) -781-480
UK: +44 (753) -715-0008
APAC: +61 (488) -85-9400
US Toll Free: +1 (800) -782-1768

Website: – https://www.marketresearchintellect.com/


Source link

read more
Credit risk

Credit Risk Rating Software Market Sales Analysis, Trends, Share Value by 2028

New Jersey, United States, – Credit Risk Scoring Software market research report offers an outstanding tool to assess the market, openings presented and support key and strategic leadership. This report recognizes rapid progress and competitive conditions, cloud marketing data is fundamental to monitor execution and establish basic choices for development and benefit. It provides data on models and improvements, and highlights industry sectors and materials, limitations and innovations, as well as the changing structure of the Credit Risk Rating Software market.

Credit Risk Rating Software Market Size and Forecast:

The global credit risk rating software market which has been estimated in 2021 and is expected to span over the measurement period, with an overwhelming CAGR from 2021 to 2028 regardless.

Credit Risk Scoring Software report assesses the development rate and market esteem in view of market elements, the factors driving the development. All information on credit risk scoring software depends on the latest industry news, openings and models. The report contains an in-depth market review and player analysis of SWOT, PESTEL and Porter Five Force Credit Risk Rating Software of the major players.

Competition analysis

The report aims to educate stakeholders and people in the industry about the major companies operating in the sector. In addition, the report provides information on the latest updates, growth aspects, dynamics, investments in research and development sector, product offerings and regional presence of these companies for better insight on the market. Therefore, these briefings provide insight into how the dominant company, country or region works, its competitors, and its strategies for moving forward after the pandemic. Further, the report provides insight into the size of the company based on its financial strength, market reputation, dominance, revenue and tenure etc. Competitors.

The research focuses on the current market size of the Credit Risk Scoring Software market and its growth rates based on the records with company outlines of key players / manufacturers:

The Major Players Covered By Credit Risk Rating Software Markets:

  • Ibm
  • Oracle
  • Sap
  • Airlock
  • Experiential
  • Misys
  • Fiserv
  • Pega
  • Celent
  • Arise from

Credit Risk Rating Software Market Segmentation:

The Credit Risk Rating Software market is split by Type and by Application. For the period 2021-2028, the cross-industry growth provides accurate calculations and sales forecast by type and application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.

Credit Risk Rating Software Market Breakdown by Type:

Credit Risk Rating Software Market Split By Application:

  • Small business
  • Medium-sized business
  • Big business
  • Other

Scope of Credit Risk Rating Software Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2019
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2027
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free customization of the report (equivalent to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options Take advantage of personalized shopping options to meet your exact research needs. Explore purchasing options

Regional Market Analysis Credit Risk Rating Software can be represented as follows:

Each regional area of ​​credit risk scoring software is carefully researched to understand its current and future growth scenarios. It helps the players to strengthen their position. Use market research to gain a better perspective and understanding of the market and target audience and to ensure you stay ahead of the competition.

Geographically, the global credit risk rating software market has segmented as follows:

  • North America includes the United States, Canada and Mexico
  • Europe includes Germany, France, UK, Italy, Spain
  • South America includes Colombia, Argentina, Nigeria and Chile
  • Asia-Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

Visualize Credit Risk Scoring Software Market Using Verified Market Intelligence: –

Verified Market Intelligence is our BI platform to tell the story of this market. VMI provides in-depth predictive trends and accurate insights into over 20,000 emerging and niche markets to help you make key revenue impact decisions for a bright future.

VMI provides a comprehensive overview and global competitive landscape of regions, countries and segments, as well as key players in your market. Present your market reports and findings with built-in presentation capabilities, delivering over 70% of time and resources to investors, sales and marketing, R&D and product development. VMI supports data delivery in interactive Excel and PDF formats and provides over 15 key market indicators for your market.


The study thoroughly explores the profiles of the major market players and their main financial aspects. This comprehensive business analysis report is useful for all new entrants and new entrants in designing their business strategies. This report covers the production, revenue, market share and growth rate of the Credit Risk Scoring Software market for each key company, and covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. Historical credit risk rating software breakdown data from 2016 to 2020 and forecast to 2021-2029.

About Us: Market Research Intelligence

Market Research Intellect provides syndicated and personalized research reports to clients across various industries and organizations, in addition to the goal of providing personalized and in-depth research studies.

We talk about solutions for logical research, personalized consulting and data severity analysis across a wide range of industries including energy, technology, manufacturing and construction, chemicals and materials, food and drink. Etc. Our research studies help our clients make more data-driven decisions, admit push predictions, grossly capitalize on opportunities, and maximize efficiency by acting as their belt in crime to adopt a mention precise and indispensable without compromise.

Having served the pinnacle of over 5,000 customers, we have provided expertly behaving affirmation research facilities to over 100 global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi.

Contact us:

Mr. Edwyne Fernandes

United States: +1 (650) -781-480
UK: +44 (753) -715-0008
APAC: +61 (488) -85-9400
US Toll Free: +1 (800) -782-1768

Website: – https://www.marketresearchintellect.com/


Source link

read more
Credit risk

Credit Risk Management Platform Market May Be Exponential

Credit Risk Management Platforms Market

The Global Credit Risk Management Platform Market study describes how the technology industry is evolving and how major and emerging industry players are responding to the long-term opportunities and short-term challenges they face. One of the main attractions of the credit risk management platform industry is its rate of growth. Many major technology players – including IBM, Oracle, SAP, SAS, Experian, Misys, Fiserv, Kyriba, Active Risk, Pegasystems, TFG Systems, Palisade Corporation, Resolver, Optial, Riskturn, Xactium, Zoot Origination, Riskdata, Imagine Software, GDS Link & CreditPoint Software, etc. have looked at the credit risk management platform as a way to increase their market share and reach consumers.

Key industries and technology segments are changing; navigate these changes with the latest information published on the Global Credit Risk Management Platform market research

Check the free sample copy @: https://www.htfmarketreport.com/sample-report/3042260-global-credit-risk-management-platform-market-5

Key Highlights of the Global Credit Risk Management Platform Market Report

1) Why would this market research be beneficial?
– The study guides credit risk management platform companies with strategic planning to ensure that they realize and generate business value from their growth strategy plans.

2) How is the field of study defined?
– The credit risk management platform market is made up of different types of product / service offerings, each with its own business models and technologies. They understand:

Type:, On-Premise, Cloud, Industry Segmentation, Small Business, Midsize Business, Large Business, Channel Segmentation (Direct Sales, Distributor),;
Application: ;

** Further breakdown / market segmentation can be provided; subject to availability and feasibility of data.

3) Why would Global Credit Risk Management Platform Market define a new growth cycle?
– The analysis indicates that credit risk management platform companies that have continued to invest in new products and services, including through acquisitions, have experienced sustainable growth, while those with investment growth in R&D is slower have become stagnant. Tech companies with annual R&D growth above 20% outperformed their peer group in terms of revenue growth.

See the complete table of contents @ https://www.htfmarketreport.com/reports/3042260-global-credit-risk-management-platform-market-5

Research shows that companies in the Global Credit Risk Management Platform have increased their R&D spending and accelerated mergers and acquisitions. The industry has one of the fastest innovation cycles studied across industry / applications such as. To realize the value they mean, companies like IBM, Oracle, SAP, SAS, Experian, Misys, Fiserv, Kyriba, Active Risk, Pegasystems, TFG Systems, Palisade Corporation, Resolver, Optial, Riskturn, Xactium, Zoot Origination, Riskdata, Imagine Software, GDS Link & CreditPoint Software, etc. must continuously assess their governance, risk and control, infrastructure and talent to align planned growth strategies with their operational business models.

To understand the market dynamics of Global Credit Risk Management Platform, the market research is analyzed into major geographies / countries

• North America: United States, Canada and Mexico
• South and Central America: Argentina, Chile, Brazil and others
• Middle East and Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt, South Africa and the rest of the MEA.
• Europe: United Kingdom, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC countries and rest of Europe.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and rest of APAC.

Significant Years In The Global Credit Risk Management Platform Market Research Major Trends Of The Global Credit Risk Management Platform Market Using The Final Data For 2019 And Previous Years As Well As quarterly or annual reports for 2020. In general, the years considered in the study, ie the base year as 2020, the historical data considered as 2016-2020 and the forecast period is 2021-2026 .

Get full access to the Global Credit Risk Management Platform Market report; Buy the latest edition now @: https://www.htfmarketreport.com/buy-now?format=1&report=3042260

The Credit Risk Management Platform Study is perfectly designed with a blend of statistically relevant quantitative industry data coupled with insightful qualitative commentary and analysis from industry experts and consultants. To get a deeper view; The Credit Risk Management Platform market size by business segments and key applications for each of the above-listed regions / countries is provided along with a competitive landscape which includes benchmarking market share by players (M USD) (2019-2021E) and the concentration rate of the Credit Risk Management Platform Industry market in 2020.

Detailed Company Profiles for 15+ Leading and Emerging Credit Risk Management Platform Players Covering 3 Years of Financial History, Swot Analysis and Other Vital Information Such as Legal Name, Website, head office, market share percentage and position, distribution and marketing channels and latest developments.

Driving and sustaining growth continues to be a priority for boards of directors, CXOs and investors in the tech industry. Credit risk management platform companies and the service chain that supports them face profound business challenges, primarily due to three factors:

1. The explosive pace at which competitors and the credit risk management platform industry are growing.
2. The amount of growth driven by innovation in technologies, value propositions, products and services.
3. The speed at which innovations need to be delivered in order to drive the growth of the credit risk management platform market.

Something doesn’t match; Go with the custom report @ https://www.htfmarketreport.com/enquiry-before-buy/3042260-global-credit-risk-management-platform-market-5

Thank you for reading the Credit Risk Management Platform Industry Research Post; get custom report or need regional report like North America, Europe, USA, China, Asia Pacific, India etc, then connect with us @ [email protected]

Contact us:
Craig Francis (Public Relations and Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit # 429, Parsonage Road Edison, NJ
New Jersey United States – 08837
Telephone: +1 (206) 317 1218
[email protected]

Connect with us on LinkedIn | Facebook | Twitter

About the Author:
HTF Market Intelligence consulting is uniquely positioned to empower and inspire research and advisory services to empower companies with growth strategies, delivering services with extraordinary depth and breadth of thought leadership, research, tools, events and experiences that aid in decision making.

This version was posted on openPR.


Source link

read more
Credit risk

Annaly Capital increases exposure to credit risk as agency spreads widen

AAs the economy recovers from the disruption associated with COVID-19, investors are starting to pay much more attention to the Federal Reserve and how its actions will affect their portfolios. Nowhere is this more of a concern than in the mortgage confidence in real estate investment (FPI), where companies like Annaly Capital (NYSE: NLY) are positioning themselves for when the Fed begins to reduce its purchases of mortgage-backed securities. Annaly recently released her second quarter results and provided an update on how she is preparing for the end of the Fed’s asset purchases.

Image source: Getty Images.

Mortgage REITs have a different business model

Annaly Capital is a mortgage REIT, which is different from the more traditional REIT. Most REITs follow an owner / tenant model in which the REIT develops a property and then leases the units. Her profit margin is very roughly the difference between what she pays in interest and her rental income. Mortgage REITs do not invest in real estate; they invest in real estate debt (ie mortgages). Their profit margin is the difference between the interest they earn on their mortgage portfolio and what they pay in interest on their loans.

Annaly Capital invests primarily in mortgage backed securities that are guaranteed by the US government (aka agency securities). Most mortgage loans from the United States fall into this category. If you recently refinanced your mortgage, your loan was probably in a title similar to the ones Annaly holds. If you get into trouble and are unable to make your mortgage payments, Annaly will still receive the payments owed to her.

Fed fears weakening the value of Annaly’s portfolio

While these mortgage backed securities are government guaranteed, they are not without risk. In the last quarter, Annaly reported a 6.5% drop in book value per share, due to the underperformance of mortgage-backed securities. In the vernacular of the investment community, mortgage spreads (the difference between the yield on a mortgage-backed security and treasury bills) have increased or “widened.” What caused this? Concerns for the Fed.

One of the tools in the Federal Reserve’s quiver is quantitative easing, where the bank buys treasury bills and mortgage-backed securities in order to stimulate the economy. The Fed did this during the Great Recession and once again when the economy struggled in response to the coronavirus pandemic. Now that the economy is recovering, investors recognize that the biggest buyer of mortgage-backed securities will start to pull out. This prompted investors to sell mortgage-backed securities, and that sale resulted in a drop in book value per share.

Annaly has a portfolio diversification

Annaly employs different investment strategies that will perform better in different economic environments. The agency’s portfolio is designed for defensive characteristics (one of the reasons mortgage REITs are good candidates for an income portfolio). If the economy is struggling, investors will flock to safer assets such as government-backed mortgage-backed securities. Annaly’s credit portfolio is made up of loans that are unsecured by the US government, and these will outperform when the underlying economy is strong.

Annaly is actively engaging in direct mortgages, which is a business model similar to New Residential (NYSE: NRZ). Annaly focuses on providing loans to borrowers who are not eligible for traditional mortgages issued by Fannie Mae or Freddie Mac. These loans are called non-qualifying mortgages, and they are not guaranteed by the US government, which means that Anna takes a credit risk. These loans are nothing like the subprime loans of 15 years ago and are often aimed at professional real estate investors.

During the second quarter, Annaly reduced her holdings of government-guaranteed mortgage-backed securities by approximately 4.5% and increased her holdings of unsecured securities by 45%. This change makes sense in the global economic context of accelerating economic growth and rapidly rising house prices. Rising home prices mean loans are becoming more secure as borrowers are unlikely to default on a home where they have substantial equity. This helps support the valuation of the credit portfolio.

A dividend yield that isn’t too good to be true

Annaly Capital is one of the few stocks with a double-digit dividend yield, making it an attractive stock for many. income investors. While a double-digit return is often a sign of trouble for most stocks, mortgage REITs are not. At current levels, Annaly’s quarterly dividend of $ 0.22 represents a return of 10.4%. Mortgage REITs typically trade around book value per share, and book value tends to rise slowly (however, it can drop quickly!). The entire REIT mortgage space will have a cloud over its head as we wait for the Fed to exit the MBS market. Investors who are prepared to wait are certainly paid to wait.

10 stocks we prefer over Annaly Capital Management
When our award-winning team of analysts have stock advice, it can pay off to listen. After all, the newsletter they’ve been running for over a decade, Motley Fool Equity Advisor, has tripled the market. *

They have just revealed what they believe to be the ten best stocks investors to buy now … and Annaly Capital Management was not one of them! That’s right – they think these 10 stocks are even better buys.

See the 10 actions

* The portfolio advisor returns on June 7, 2021

Brent Nyitray, CFA has no position in the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Source link

read more
Credit report

Error on your credit report? 6 steps to follow

The information on the pages of your credit report helps determine the interest rate you will pay on a loan. It may also impact the ease of:

  • Buy insurance
  • Rent accommodation
  • Get the job of your dreams

That’s an awful lot of power for a three-digit number, but it’s there.

The scary thing is that one in five Americans who check their credit reports find a mistake – one that can change the course of their financial life.

So what should you do when you find an error on your credit report? How can you fix it? It all starts with ordering the three free reports at annualcreditreport.com.

Typically, you are entitled to a free copy of your report from each of the three major credit bureaus once a year. Due to the pandemic, Americans can order a free credit report every week until April 2022.

Then go through the report and look for errors. This may include:

  • A credit card you don’t recognize
  • A bill from a place you’ve never lived
  • An invoice that you have paid in full but still has a balance
  • An address that does not belong to you

Every mistake, no matter how small, can have an impact on your credit. Highlight anything that doesn’t look right.

Now is the time to dispute any mistakes.

How to dispute errors on your credit report

Credit bureaus and any company that has provided incorrect information are legally responsible for correcting errors at no cost to you. Your only job is to dispute the mistakes. Here’s how:

1. Contact the credit bureau

It is possible that an error on one credit report does not appear on others. All you need to do is contact one of the three credit bureaus to initiate the dispute process:

2. Send a letter of explanation

You don’t have to worry about getting fanciful with the letter. A credit bureau only needs the following information:

  • Your full name
  • Your date of birth
  • Your social security number
  • Your current address
  • Any other addresses you have had in the past two years
  • A copy of your driver’s license or state ID
  • A copy of an invoice (to prove that you are who you say you are and live where you say you live)

The important thing is to dispute inaccurate information. Print the dispute form from the office’s website, fill it out, and attach it to your letter. Or include a list of every item that is wrong. Make sure to include the account number and the reason why you think it is incorrect. Be as detailed as possible, and if you have any supporting documents, include them in the letter.

Some mistakes are easy to correct. For example, if you were born in 1980 but your credit report shows a mortgage taken out in 1982, it is quite easy to see that this is a mistake. If you find a credit card that has been fraudulently withdrawn in your name, the process may take a little longer, but you can still have it withdrawn.

Note: Send all correspondence by certified mail and pay for a “return receipt”. This is important because it proves that the credit bureau received your dispute and the date it was received.

3. Keep copies of everything

If you find more than one error on your credit reports, it may be helpful to create a separate file for each. Keep everything from correspondence to your evidence in this file. So if a question arises, you can answer it quickly.

4. Wait 30 days

According to the Federal Trade Commission (FTC), the credit bureaus have 30 days to investigate your dispute. If your complaint is unfounded, they will stop investigating. Even so, they should inform you of the reasons why they stopped the investigation and give you the opportunity to provide further evidence.

Suppose your dispute is about a late mortgage payment. During the 30-day investigation period, the credit bureau forwards the evidence you submitted to your mortgage company. If the mortgage company believes you are correct, they should notify the three credit bureaus so that the information can be corrected on all of your records.

5. Examine the results

After 30 days, the credit bureau must provide you with the results of its investigation in writing. If the dispute resulted in changes in your credit report, you also get another free copy.

If you ask, the bureau should send a correction notice to anyone who has retrieved your credit report in the past six months. If you have been refused a loan or offered a higher interest rate due to an error on the credit report, the credit bureau should send a corrected credit report to that lender after you requested it.

You can even request that a corrected credit report be sent to an employer if you’ve been turned down for a job because of your credit report in the past two years.

6. If things don’t go the way you want them to

If the outcome of the investigation does not resolve the issue, you have the right to include a dispute statement on your credit report. For example, if you think the late payments shown on the credit report are incorrect but you cannot convince the credit bureau of this, include a note explaining why you think it is wrong.

Now let’s say your payments were late, but it was because you were in the hospital with a fatal illness or because of a job loss. Include these statements because they help creditors see your credit report in a broader, real-life perspective.

Ben Franklin said, “In this world nothing is certain except death and taxes. If credit reports had existed at the time, it’s fair to imagine that Franklin would have added them to his list.

The best credit card erases interest until 2023

If you have credit card debt, transferring it to this top balance transfer card guarantees you an introductory APR of 0% until 2023! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card the top choice to help you control your debt. Read our full review for free and apply in just 2 minutes.

Read our free review

We strongly believe in the Golden Rule, which is why the editorial opinions are our own and have not been previously reviewed, endorsed or endorsed by the advertisers included. The Ascent does not cover all the offers on the market. The editorial content of The Ascent is separate from the editorial content of The Motley Fool and is created by a different team of analysts. Ally is an advertising partner of The Ascent, a Motley Fool company. Dana George has no position in the stocks mentioned. The Motley Fool recommends InterContinental Hotels Group. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Source link

read more
Credit report

3 reasons to regularly check your credit report

Here’s why it’s important to stay on top of your credit report.

There are certain tasks in life that need to be accomplished, even if they aren’t the most fun or engaging. For example, we all have to file our taxes, have our cars serviced, and take the time to have an annual medical check-up to monitor our health.

But just as you need to fit these tasks into your schedule, it’s also essential to set aside time to regularly check your credit report, ideally three times a year. Here’s why.

1. To stay on top of your finances

Your credit report is to a large extent a snapshot of your financial health. While this report won’t tell you how much money you have in savings or how well you are doing in your brokerage account, it will tell you how you manage your debt.

Specifically, your credit report will include a list of your open credit card accounts and loans, as well as your various balances. It will also show you how much of your available credit you are using at a time so you can see if you have a reasonable amount of debt or not.

2. Be on alert in the event of fraud

These days, no one is immune to financial fraud. Even if you follow smart practices to protect your personal information – like shredding sensitive documents rather than throwing them away – a criminal can still get a hold of your credit card or social security number and open a tab on it. one of your accounts or open a new one in your name. Checking your credit report regularly could help you find out this information as early as possible and minimize the damage.

Suppose a criminal opens a credit card in your name. If you see this account listed on your credit report and it doesn’t sound familiar to you, you’ll know you need to take action. But without checking your credit report, you might not discover this account until you start receiving default notices in the mail – by then your credit score might already have been affected.

3. To make sure you are in a good position to borrow money

You may be preparing to apply for a mortgage or other large loan for an important purpose. Checking your credit report first will help you determine if this is a good time to apply, or if it is better to clean up your credit history first and then move forward with these. plans.

Suppose your credit report shows that you have two delinquent accounts. This might cause you to delay your borrowing plans and deal with credit issues first so that they don’t prevent you from getting approved or getting a competitive interest rate.

How to check your credit report

Right now you are entitled to one free copy of your credit report every week until April 2022. But normally you can get one free copy per year from every major information bureau – Experian, Equifax and TransUnion. You can go to each office’s website and request a free copy of your report, or visit annualcreditreport.com for a copy of all three reports. It doesn’t matter how you access your credit report, as long as you make sure you do it regularly.

The best credit card erases interest until 2023

If you have credit card debt, transferring it to this top balance transfer card guarantees you an introductory APR of 0% until 2023! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card the top choice to help you control your debt. Read our full review for free and apply in just 2 minutes.

Read our free review

We strongly believe in the Golden Rule, which is why the editorial opinions are our own and have not been previously reviewed, endorsed or endorsed by the advertisers included. The Ascent does not cover all the offers on the market. The editorial content of The Ascent is separate from the editorial content of The Motley Fool and is created by a different team of analysts. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Source link

read more
Credit report

Henry County gets a good credit report; Martinsville establishes a flushing program; Patrick County Sheriff Gets Grant | Local News

Residents are warned to avoid washing their clothes if they know that standpipes are emptied nearby. Although the lifted sediment has been disinfected by chlorine in the water supply, dirt can still stain clothing if it is sucked into the washing machine in sufficient quantity.

Flushing times will be announced later for the remaining parts of town.

The PCSO obtains an Alzheimer scholarship






Black-smith


Photo of the bulletin file


The Alzheimer’s Foundation of America has awarded a grant to the Patrick County Sheriff’s Office to expand its Project Lifesaver program, which provides safety technology to families whose members suffer from dementia-related illness and tend to wander .

The program allows caregivers to register loved ones with dementia or autism to wear a small wrist or ankle transmitter that emits an individualized tracking signal. If this person is missing, the caregiver informs the sheriff’s office, who will send assistants.

A grant of $ 6,000 will be used to purchase new and improved transmitter kits, bands and batteries, as well as to train more officers on the program, a statement from the Alzheimer’s Foundation said. The sheriff’s office estimates that an additional 20 families can be accommodated at no cost.

“The Project Lifesaver program saves lives, and this grant will allow us to continue to protect those who are unable to protect themselves,” County Sheriff Patrick Dan Smith said in the statement.


Source link

read more
Credit report

How I corrected an error in my credit report and increased my FICO® score by 112 points

It takes years to build credit, but one mistake on your credit report can take your score down.

Credit scores are an important part of our life. That three-digit number can impact everything from the credit cards we qualify for to the rate we get on a mortgage. Sometimes it can even affect whether or not we get a new job or a new apartment.

But making payments on time and paying attention to how you handle credit is only part of maintaining your score. You should also be careful of errors on your report. Here is how an error caused my score to lose more than 100 points.

It started with a pop-up notification

I have worked hard to build my credit history and achieve a great credit score. One tool that I have found useful is Mint, an app that allows me to store all of my financial information in one place. No matter what stage you are at in your financial journey, the best budgeting apps can help.

I was surprised when Mint alerted me to a drop in my credit rating. I did some research and got a free copy of my credit report from each of the three major credit bureaus, Experian, Equifax, and TransUnion. I discovered that my credit score had dropped 112 points due to a new debit / collection account on my credit reports.

Collections? It couldn’t be …

I always pay my bills the moment I get them, so this was a shock. Something was definitely wrong. Aren’t collection companies known for relentlessly harassing their debtors by phone, email and any other means in an attempt to get their funds back? I had never received a single communication from someone saying I owed money.

I found the name of the collection company reporting the debt and contacted them. Without going into details, there was some confusion when I had blood tests done over a year ago. The lab had my correct name, but everything else was wrong – including my address, phone number, email, etc. So they’ve been sending me invoices and notifications for a while, but not to me.

I explained that I had lived in the same house for over five years and had the same phone number for 15 years. The doctor’s office had all of my correct information on file, so this clearly wasn’t a mistake I could be held accountable for. The collection company contacted the lab’s billing company. He agreed to withdraw the collection report as long as I paid the invoice in full.

Cover my bases with the credit bureaus

It was the first time something like this had happened to me, so I didn’t really want to leave the fate of my credit rating in the hands of a collection company. I followed the following steps:

  • I have filed disputes online with each of the three credit bureaus.
  • For each dispute, I had to indicate which part of my report was incorrect, explain the problem and attach documentation to support my case. I have attached copies of all my correspondence between the collection agency and the lab’s billing company, including any invoice paid in full.
  • I was informed that a file had been opened and that I would receive a response within 30 days.

A few weeks later, I received the first of three responses: A bureau had found in my favor and removed the collection account from my credit report. Within a week, I had received the same response from the other two offices. All the frustration and anxiety that had built up from a small credit report error was finally starting to dissipate.

Don’t expect an overnight solution

I had assumed that my credit score would immediately be restored to its former glory. After all, the error had been removed from my three credit reports. But that was another good lesson. When it comes to credit scores, nothing happens overnight.

It took a few more weeks before the missing 112 points were restored, putting me back in excellent territory. The sad thing is that this type of situation is not unusual. Up to 1 in 5 people have errors on their credit reports. The best way to protect yourself is to check your credit report regularly. This way you can make sure that no mistakes are going against you.

Currently and through April 2022, you can get a free weekly copy of your credit report from each of the credit reporting bureaus. Many of the best credit cards also give you access to your credit score in your online account. And many personal finance apps provide this information as well. They will even notify you if your score has changed.

As I’ve learned the hard way, these types of mistakes can and do happen. But if this happens to you, there are steps you can take to address it. Do your due diligence and immediately file disputes with credit bureaus. With a little time and effort, you can permanently remove the error from your credit report.

The best credit card erases interest until 2023

If you have credit card debt, transferring it to this top balance transfer card can get you to pay 0% interest until 2023! Plus, you won’t pay any annual fees. These are just a few of the reasons our experts rank this card among the best to help you get your debt under control. Read our full review for free and apply in just 2 minutes.

Read our free review

We strongly believe in the Golden Rule, which is why the editorial opinions are our own and have not been previously reviewed, endorsed or endorsed by the advertisers included. The Ascent does not cover all the offers on the market. The editorial content of The Ascent is separate from the editorial content of The Motley Fool and is created by a different team of analysts. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Source link

read more
Credit report

Elements of the credit report that matter most to lenders

Have you ever wondered what it was like to look at your credit or loan application from across the desk?

When lenders review your credit report, “these really are common sense decisions,” says Rod Griffin, senior director of consumer education for Experian, one of the three major credit bureaus.

“Creditors and lenders find it really boring to be exciting and sexy,” he says. “Anything unusual is scary. “

When you apply for a loan or a credit card, lenders very often check your credit rating, your credit report, or both. If they don’t like what they see, you will be rejected or approved, but on less favorable terms.

And it’s not just new candidates who are being scrutinized. Credit card issuers, for example, also periodically review their customers’ records.

If you want the best deals and terms, here are seven things you and your lenders don’t want to see.

1. Late or missed payments

This one gets to the heart of what lenders really want to know: “Are you going to pay your bills?” says Francis Creighton, president and CEO of the Credit Data Industry Association, the member organization of credit bureaus.

What You May Not Realize: Anything not done on time, minimum payments are viewed by creditors and lenders as missed payments.

“What matters is that you make the payment on the due date,” Griffin explains. “If you’re only making a partial payment, in terms of the minimum payment due, that’s a bad sign. Partial payment is late payment.

When it comes to your credit score, making timely payments is the most important factor. It counts for 35% of your credit score.

2. Foreclosures and bankruptcies

These are the two worst things you can have on your credit history – and both will give future lenders a break, Griffin says.

So how could these events prompt a lender to extend credit?

“Somewhere between pretty scared and terrified,” he said. “Especially if it’s recent.

Seeing these items in your history “doesn’t mean they won’t make that loan,” says Creighton. “But they can price it differently.”

The foreclosures stay on your credit report for seven years. Chapter 7 bankruptcies (total liquidation) stay on your credit report for 10 years. Chapter 13 bankruptcies, where consumers reorganize to pay off some or all of their debts, stay in your credit history for seven years.

If you had a short sale, you won’t find those exact words on your credit report, Griffin says. Instead, it will say “settled” or “settled for less than originally agreed”.

Like foreclosures, short sales also stay in your credit history for seven years. And that’s seen by creditors as “a little better than foreclosure,” he says.

That said, the longer a foreclosure, bankruptcy, or short sale has taken place and the more financially the consumer has recovered, the less impact it will have on their credit, Griffin says.

3. High balances and maximum cards

“A high balance, relative to the credit limit on your cards, is the second most important factor in your credit score,” says Griffin.

The portion of your credit that you use is roughly 30% of your score.

And high balances or maxed out cards are “an indication of financial hardship,” he says. “Ideally, you would pay your card in full every month and keep your usage as low as possible. What we are seeing is that the people with the highest score have a higher utilization rate. [the balance divided by the credit limit], 10 percent or less.

And that goes for both individual cards and the collective total of the consumer’s credit lines and card balances, he adds.

A basic rule of credit score was to keep the utilization rate below 30%. “But 30% is the maximum, not a goal,” Griffin warns. “It’s the cliff. If you go beyond that, the scores will drop sharply. Conversely, “the more you are below 30%, the less likely you are to default,” he adds.

Point: As your usage rate changes from month to month, your score will also change.

Griffin remembers a family vacation where he put everything – travel, meals, gifts – on plastic. Its utilization rate increased by 7% and its credit rating fell by 40 points.

In January, he paid the bills for the card in full and his score returned to normal. “So don’t panic about it if your score is good,” Griffin says.

4. Someone else’s debt

When you co-sign a credit card or loan, all of the debt is written on your credit report. So as far as lenders go, you carry that debt yourself, and it will be included in your debt load when you apply for a mortgage, credit card or any other form of credit, says John Ulzheimer, a former lender of the lender. credit industry. executive and chairman of the Ulzheimer group.

If the person you co-signed for stops paying, misses payments, or pays late, this will likely be reflected on your credit report.

So if a friend or family member who needs a co-signer tells you it’s painless because you’ll never have to part with it, tell them it’s not true. Co-signing means agreeing to repay the obligation if the borrower defaults and allowing that debt, along with any late or non-payment, to count against you the next time you apply for a loan.

Co-signing for a friend or family member works well at the Thanksgiving table, says Ulzheimer, “but it doesn’t work well in the underwriting office.

5. A history of minimum payments

Creditors make money when you keep a balance, but lenders don’t like to see only minimum payments on your credit report.

“This suggests that you may be under financial stress,” says Nessa Feddis, senior vice president of the American Bankers Association. “You may be at a higher risk of default. “

Sometimes paying the minimum doesn’t signal a problem. For example, paying minimums in January, after spending vacation time, is understandable. But consistently paying minimums month after month indicates that you might be struggling to pay off the balance. Lenders who see this on a credit report may be reluctant to extend additional credit.

6. A flurry of loan requests

This won’t scare lenders so much as it causes them to reconsider what’s going on in your financial life, Griffin says.

For someone who pays all of their bills on time and has no balance, a flurry of demands could be perfectly harmless. But for someone making minimum or late payments and transferring balances, it’s a sign of financial stress and a drag on lenders.

“The inquiries suggest something to lenders,” says Creighton. “And that is valuable information.”

New credit inquiries stay on your credit report for two years and affect your credit score for one year. In the FICO scoring model, the new credit counts for 10% of the score.

“They’re the least important factor in credit scores and the last thing creditors are going to look at,” says Griffin.

Point: Certain types of credit applications (mortgages, auto loans, or student loans) are aggregated and counted as one application by the credit scoring formulas. That’s because when it comes to those big purchases, lenders know you’ll want to shop, and that’s smart.

While the new scoring formulas group similar loan applications together if done within 45 days, older versions only have a 14-day window. And you have no way of knowing which version potential lenders are using. For added security, keep all requests within 14 days.

7. Cash advance on credit card

“Cash advances, in many cases, indicate desperation,” says Ulzheimer. “Either you lost your job or you are underemployed. Nobody makes cash advances on a credit card because they want money in a bank somewhere. You usually borrow from Peter to pay Paul.

Here’s how a cash advance will send a wake-up call to lenders who review your credit report: First, the cash advance is immediately added to your debt balance, reducing your available credit and your credit score. credit for all potential lenders.

Second, large card issuers regularly reassess the behavior of their customers. They do this by pulling credit reports, FICO scores, and accounts receivable histories and running them through their own credit scoring systems, explains Ulzheimer. Many rating models penalize cash advances because they are considered risky, he says.

If the card issuer lowers your credit limit or cancels your account, it can damage your credit score and make other lenders more wary.


Source link

read more
1 2 3 4
Page 2 of 4