Archive for November 2009

The Truth About The Credit Bureaus

Jim Kemish asked: Are you under the impression that there is some relationship between the credit bureaus and the government? Credit repair expert Jim Kemish offers some insights.Not a Friendly ServiceIn a recent blog entry I wrote, “Significant legislation has been enacted to protect you from the impact of the credit bureau’s inaccuracies. The right [...]

Social security # at risk, can I sue?

honeyskillz asked: I applied to work for Gap Inc. in June of 2007. Today I got a letter in the mail from them stating that 2 laptop computers from the company had been stolen and my name and social were stored in one of them. They offered credit monitoring for the next year, but as [...]

What statistics does the fed use?

Richard K asked: The Fed apparently is able to monitor the flow of credit between banks. They say it is frozen. Is this based on activity on the Fedwire? e.g. loans of fed funds between banks? repurchase agreements? Can someone tell me what data they monitor. are these data available to me somewhere on the [...]

All Credit Cards are Good

Frank Carrasco asked: All credit cards offer many benefits and features. Some come with a few disadvantages. To convey my point I will leave the disadvantages for others to write about. All credit cards are good in their own way for their own purpose and for that specific applicant. There are many credit cards for [...]