Credit bureaus are at ordspråk

en Credit bureaus are at the heart of sound lending practices and benefit not just lenders but also borrowers.
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en We notify the credit bureaus to put an alert on your credit file and keep it there over the course of your membership. This requires lenders to verify your identity before they do anything which could negatively affect your good standing.
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en The law permits the credit bureaus to sell and lenders to buy lists of consumers who meet certain criteria.
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en This study demonstrates that critics who claim anti-predatory lending laws will dry up people's access to credit are just plain wrong. This research shows that sound legislation curbs abusive lending, and it does not reduce responsible lending . . . [and] that leads to one more conclusion: consumers would be harmed if federal law preempted state regulation.
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en Bundled services platforms enable banks to strengthen their roles as lenders and create a sophisticated home equity lending environment. Home equity loans and lines of credit continue to rise in popularity, and so does the need and demand for more efficient methods in delivering these loans to borrowers. The significant increase in our platform numbers since the beginning of the year is a reflection of the industry embracing home equity as a strategic business move, as well as the implementation of innovative technology solutions.
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en It tells credit bureaus that they cannot sell your data without first getting permission. We're not saying that consumers should own this data or that they should be able to put credit bureaus out of business, but bureaus should not sell data until you've given permission.
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en Only those with an excellent credit profile will benefit from the price war. Most borrowers will find it more difficult to achieve the most competitive deals.
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en Another thing that sets us apart from most lending institutions, is at MNB you can borrow up to 90 percent of the value of the home and not have to pay for Private Mortgage Insurance (PMI), which is a great savings on the monthly payment amount. We also encourage people concerned with their credit situation to come in and speak with us; our lending decisions are not based on credit scoring only.
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en Another thing that sets us apart from most lending institutions, is at MNB you can borrow up to 90 percent of the value of the home and not have to pay for Private Mortgage Insurance (PMI), which is a great savings on the monthly payment amount, ... We also encourage people concerned with their credit situation to come in and speak with us; our lending decisions are not based on credit scoring only.
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en Why don't we call on the credit card companies to be accountable? ... They need to be held accountable for their predatory lending practices.
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  Paul Wellstone

en I was especially pleased to see the commitment of credit union officials to help their members and communities with special check-cashing services and lending considerations. NCUA is working closely with all affected credit unions to ensure they have the necessary resources to achieve and maintain safe and sound operational status going forward. We encourage credit unions to evaluate the benefits of joining a shared branching network, because many of the credit unions that were able to regain operations and serve their members, were able to do so through shared branching.
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en Several factors are going to go into that. Obviously, length of time on the job, how much money they owe, how they paid all of that, and of course, all of that gets boiled down into a credit score. The different credit bureaus at some point and we use those. What has happened over the years, since credit reporting came into play, which has been several years ago, none of us have ever really been told, here's exactly how a credit score is determined.
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en Even though it is a Federal program, not all consolidation packages offer the same interest rate reduction. To ensure that eligible borrowers receive the best interest rate for their consolidation loan, we are encouraging borrowers to do their research and work with a consolidation company that offers the best benefit package. We are also encouraging all borrowers to find a company that offers a secure, e-signature application. Following these two simple rules will ensure borrowers that they are getting the best interest rate available and that they will meet the upcoming March 31st deadline.
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en ACORN members around the country who have been fighting Wells Fargo's predatory lending practices are glad that the company has finally acknowledged the damage that their practices have been causing and have agreed to change them. However, Wells still needs to compensate the families and communities its predatory lending has hurt. In addition, these business practice changes must be made permanent and enforceable by Court order. Otherwise, Wells could revert to its old ways of doing business.
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en This asymmetry in the treatment of lenders and borrowers is a major source of instability in the global capitalist system and it needs to be corrected,
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  George Soros


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