Risk-based pricing refers to the practice of using a consumer's credit report, which reflects the risk of default, in setting or adjusting the price and other terms of credit offered or extended to a particular consumer. The new FCRA regulations, effective January 1, 2011, will impact actions creditors are required to take when using consumer...
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The majority of conflicts between residential landlords and tenants usually revolve around the return or use of the rental security deposit. These disputes arise when landlords for one reason or another will not fully refund the departing tenant's security deposit. Conflicts between these two parties frequently end up in court and the c...
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The process of running a background check is a very important element in hiring. You cannot afford to make poor hiring decisions when evaluating potential team members for your business. One of the most overlooked keys to success for most businesses is conducting effective background checks. A bad hire can mean the difference between success and fa...
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A lot of people have heard about the Red Flag Rules and know that businesses need to make changes to comply with them, but understanding the process is imperative for an organization or company to efficiently implement those rules.
The Federal Trade Commission (FTC) and other federally financed regulatory agencies published rules and guidelines for...
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Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. They use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. The use of credit or identity scoring prior to authorizing access ...
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