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10 Nov |
They are invisible—53 million of them estimates Fair Isaac. Some estimates even say as many as one in four rate invisibility, which would be about 80 million. But then, how would anyone know for sure since they are invisible. Who are these invisible people? The majority are millennials, low-income households, ethnic minorities, and older consumers. […] |
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11 Oct |
Credit Card Debt at Record High By Robert L. Cain One trillion dollars. That’s the expected credit-card indebtedness of US consumers by the end of this year, reports Wallethub.com, and that’s the highest credit-card debt EVER. It will also run up the average amount owed by households to $8,500. Already in the second quarter […] |
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16 Sep |
Signs of Drug Use By Robert L. Cain Joan had been a good tenant. She paid the rent on time, kept her home neat and tidy, was friendly and outgoing. Suddenly that changed, at least that’s what her landlord, Mel, thought. The rent began to arrive late and Mel had to go to the […] |
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16 Aug |
Desperation on Tap? By Robert L. Cain “The mass of men lead lives of quiet desperation. What is called resignation is confirmed desperation.” Henry David Thoreau, Walden It seems the economy is booming. The stock market has hit a new all-time high. Consumer spending is up. Hiring is up every month, it seems. […] |
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20 Jul |
They make it sound like the big, easy, legal fix. People can protect themselves from data thieves and maybe, just maybe create a new identity to start credit fresh. Maybe they have collections, a bankruptcy, collection agencies making threatening phone calls. This will stop all that harassment and make everything all better, they imply. They […] |
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19 Jul |
With all the restrictions on using criminal records and credit reports in tenant selection and hiring, it seems as if we just can’t check anything, anymore. But, we can. We screen applicants to ensure good tenants and good employees. We can accomplish that goal with some easy workarounds. First is that every application must meet […] |
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18 May |
One of the most important screening weapons a landlord has in his arsenal is the criminal records search. Why is that so important? It is because felons tend to re-offend. The Bureau of Justice Statistics reported in April 2014 that more than three-quarters, 76.1 percent, of prisoners were rearrested and 55.1 percent of felons […] |
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06 Apr |
“The US housing market continues to represent a ticking time bomb not just for lender balance sheets, but for the entire economy,” warn William C. Wheaton, et al, in an article in the article “Rebalancing the US Housing Market: Two Proposals,” in Real Estate Finance. Why the concern and warning? One reason is the marked […] |
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15 Mar |
“No credit? Bad credit? Pulse? 100 percent approved! Sign here and drive your new car home today.” What they don’t say is that the people who have no credit or bad credit qualify as “subprime,” that is a FICO score at or below 640, and they stand a 10 percent chance of having the lender […] |
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20 Feb |
“I’d rather be in the position of not hiring someone because of what I found than having to explain why I did, and they did something wrong,” Ty Ann Osborn director of human resources for the Michael and Susan Dell Foundation is reported as saying. Employers have a good reason for such care because of […] |
