We’ve all heard it before. Having someone pull your credit will reduce your credit score. Sadly, many people end up making some poor decisions based on half truths, and bad information. The fear of reduced credit scores with the occasional pull from a creditor is the most annoying, misleading, and misunderstood thing I hear every week in the mortgage business. If you are worried about “inquiries on your report”, this isn’t the concern most people think it is. What to know about mortgage rate shopping. Looking for a mortgage, auto or student loan may cause multiple lenders to request your credit report, even though you are only looking for one loan. To compensate for this, the score ignores mortgage, auto, and student loan inquiries made in the 30 days prior to scoring. So, if you find a loan within 30 days, the inquiries won’t affect your score while you’re rate shopping. In addition, the score looks on your credit report for mortgage, auto, and student loan inquiries older than 30 days. If it finds some, it counts those inquiries that fall in a typical shopping period as just one inquiry when determining your score. For FICO scores calculated from older versions of the scoring formula, this shopping period was any 14 day span. For FICO scores calculated from the newest versions of the scoring formula, this shopping period is any 45 day span. Furthermore, inquiries, even under the worst of situations, could only account for 10% of your overall score. Most people should …
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For the past seven months, the O&I Subcommittee has been investigating the Department of Energy’s $535 million stimulus loan guarantee to the now-bankrupt Solyndra.
A new television ad about the US national debt produced by Citizens Against Government Waste has been deemed “too controversial” by major networks including ABC, A&E and The History Channel and will not be shown on those channels. The commercial is a homage to a 1986 ad that was entitled “The Deficit Trials” that was also banned by the major networks. Apparently telling the truth about the national debt is a little too “hot” for the major networks to handle. But perhaps it is time to tell the American people the truth. In 1986, the US national debt was around 2 trillion dollars. Today, it is rapidly approaching 14 trillion dollars. The American Dream is being ripped apart right in front of our eyes, but apparently some of the major networks don’t want the American people to really understand what is going on. The truth is that the ad does not even have anything in it that should be offensive. The commercial is set in the year 2030, and the main character is a Chinese professor that is seen lecturing his students on the fall of great empires. As images of the United States are shown on a screen behind him, the Chinese professor tells his students the following about the behavior of great empires: “They all make the same mistakes. Turning their backs on the principles that made them great. America tried to spend and tax itself out of a great recession. Enormous so-called “stimulus” spending, massive changes to health care, government takeover of private industries, and …
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An IVA guide from www.talkaboutdebt.co.uk . An IVA or Individual Voluntary Arrangement is one of the UK’s leading debt solutions. It’s not for everyone and this video tell you more about you need to know about an IVA as a way of helping resolve your debts. The video has IVA help and Advice.
The different types of accounting include financial, which centers on gathering and reporting company finances; tax, which focuses on paying state and federal taxes; and managerial, which provides accounting reports to company heads. Understand the different functions of each type of accounting with help from an accounting professor in this free video on accounting. Expert: Shawn Jones Contact: www.argosy.edu Bio: Shawn Jones is an accounting professor at Argosy University in Salt Lake City, Utah. Filmmaker: Michael Burton
Rep. Jim Moran (D-VA) held a town hall meeting on April 7 about the possibility of a government shutdown. Here, he refused to answer a constituent’s question about our $1.3 trillion federal deficit and $14 trillion national debt. (Note: Video cuts out at the end because I briefly lost the audio on my camera.) www.retirejimmoran.com http www.twitter.com
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StudentLoanWhiz.com – If you are contemplating filing bankruptcy to put an end to your Student Loan Debt problems, you need to rethink your strategy. Learn why by watching this riveting video on Student Loan Bankruptcy. StudentLoanWhiz.com Twitter: twitter.com studentloanwhiz.com Other…
Danielle Sandhu, women’s commissioner for the Canadian Federation of Students-Ontario talks to OMNI News about the struggle that students have to pay for tuition fees and student debt, and the extra pressures that face immigrant and international students.