Polls reveals consumers lack knowledge about credit agencies

Mar 03, 2011 Brian Bradley

The majority of Americans (81 percent) are aware that credit agencies compile and rate their consumer credit scores, but only about one-third can name all three agencies, according to a new poll from Freescore.com. The data showed that only


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Tax returns another target for ID thieves

Mar 03, 2011 Brian Bradley

Though reports of individual cases of identity theft are declining, more identity thieves are stealing tax returns, according to a Scripps Howard News Service investigation.In an analysis of more than 1.4 million ID theft records held by the


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Bank of America nearly doubles its write-down on credit cards

Mar 03, 2011 Brian Bradley

Bank of America took a significant step toward reducing the overall value of its credit card sector to represent more than $20.3 billion in assets on Monday, according to Bloomberg. The decision was made to represent a "goodwill impairment"


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Easier lending equals more auto sales

Mar 03, 2011 Brian Bradley

Auto sales have been steadily climbing over the last six months, but analysts are contributing those gains to favorable auto loans more than attractive models in showrooms. According to The New York Times, vehicle sales jumped 11 percent in


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Iowa short term lending bill advances in Senate

Mar 02, 2011 Todd Milner

A bill that would cap interest rates on short term loans in Iowa at 36 percent recently passed a state Senate subcommittee.A similar bill proposed in 2010 died in a House subcommittee. Currently, Iowa has 231 short term lending outlets, the Iowa Independent


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