Tue, 11 July 2017
Jeff Small joined us today to talk about the CFPB bureaus gift of higher scores for millions of consumers. Are they really better off? The three nationwide consumer reporting agencies, Equifax, Experian and TransUnion, are starting a new policy on July 1 that will raise about 12 million consumers’ credit scores. On that date, the agencies will begin collecting more specific information about the public records that are included on credit reports, including bankruptcies, civil judgments and tax liens — which means consumers won’t be penalized as severely as they previously were for those black marks on their credit histories. On average, consumers’ scores will increase 10 points, according to an analysis by VantageScore Solutions, a credit scoring company. Under the new rule, the agencies will at least have to report the consumer’s name, address, Social Security number and/or date of birth, and must satisfy a requirement of visiting courthouses to obtain newly filed and updated public records at least every 90 days. The agencies already met those enhanced standards for bankruptcy records, according to the Consumer Data Industry Association, a trade organization. But for civil judgments, and about half of tax liens, they did not. See also: Here’s one thing consumers still don’t understand about their credit scores Some tax liens that meet the enhanced reporting standards will stay on consumers’ reports, but all civil judgments will be removed because they do not meet the new standards. Consumers do not have to take any action to have the records removed, and they should see the change on their credit report “soon after” July 1, according to the Consumer Data Industry Association, a trade organization. |
Tue, 11 July 2017
Dr. Michael Guillen has written his first novel. In The Null Prophecy, The Future of the World Is at Stake! Scientists have spotted holes opening up in Earth’s magnetosphere, and now a massive, deadly eruption of solar radiation is hurtling toward the planet at one million miles per hour. With only three days before impact, the American president turns to two unlikely heroes: inventor Calder Sinclair and physicist-turned-news-correspondent Allie Armendariz. While racing the clock, Calder and Allie battle personal demons as well as each other, all the while inching closer to a staggering truth foretold in ancient literature that will dramatically impact the world’s future: The Null Prophecy.The Future of the World Is at Stake! Scientists have spotted holes opening up in Earth’s magnetosphere, and now a massive, deadly eruption of solar radiation is hurtling toward the planet at one million miles per hour. With only three days before impact, the American president turns to two unlikely heroes: inventor Calder Sinclair and physicist-turned-news-correspondent Allie Armendariz. While racing the clock, Calder and Allie battle personal demons as well as each other, all the while inching closer to a staggering truth foretold in ancient literature that will dramatically impact the world’s future: The Null Prophecy. |
Tue, 11 July 2017
Are cryptocurrencies the final battlefield between the Good Guys (White Hats) and the Bad Guys (Black Hats). Bix believes that the blockchain is the key to restoring honesty and integrity to the financial system and human affairs. Bix informed us that Jamaica is setting up a blockchain based stock trading system that if successful may be adopted around the world. He believes that the current pullback in Crypto's is temporary, but is extremely excited about the Litecoin's prospects. It's 4 times faster than Bitcoin! Let's see if cryptocurrencies and the blockchain have the ability to lift man up from his current dismal state of existence. |
Tue, 11 July 2017
When it comes to alternative investing and being prepared for the inevitable, Don McAlvany is a legend. He is the editor of the McAlvany Intelligence Advisor, a monthly geopolitical / financial intelligence newsletter analyzing global economic, social, political and monetary developments and their affect on our country, free enterprise system, families, and personal finances for today and the future of America. Right now he's very concerned about a possible economic collapse in the Fall. He believes that precious metals are the ultimate insurance policy. He's doing a US speaking tour this summer. Go here to see his schedule and get more information. Don is truly a visionary.
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