Archive for August, 2011

Getting Children Money Wise (Part 2)

These fundamentals will set your children on the path of financial awareness and better money management.

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Credit Reports and Credit Scores: Beginners Guide

Most lenders as well as many service providers and employers utilize credit report information in assessing applications for credit, services and employment.

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Getting Children Money Wise (Part 1)

Too often, parents and the educational system regard finance as something for adults only. If schools are not teaching this very necessary life skill, it is most definitely a job for parents.

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Check Your Credit Report Before Applying For A Loan

“Of all our cases last year, 70% of consumers contacted the Credit Ombud office for assistance after their credit application had been rejected due to a negative listing (blacklisting) on their credit report,”

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“Reasonable” Cancellation Penalty – Cell-phone Contracts (Part 2)

As a result of the mis-information being communicated to consumers, by the cellular company’s call centers potentially thousands of subscribers’ rights to cancel their fixed-term contracts have been negated since the inception of the CPA in April 2011.

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“Reasonable” Cancellation Penalty – Cell-phone Contracts (Part 1)

Cellular companies must indicate what the “reasonable” cancellation fee is upfront, so consumers know what they are getting into, argues the National Consumer Commission (NCC).

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Home Loan Defaulters Okay Credit Risk

Borrowers who defaulted on their home loan during the recent recession turned out to be better credit risk than those who defaulted on several other types of loans.

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3 Red Flags That Hurt Home Loan Approvals

If your credit report is riddled with numerous late payments or major black marks, it probably comes as no surprise that you’ll have a tougher time getting a home loan than someone with a “clean” credit report.

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Cellphone Companies Agree To Change Contracts To Align With CPA

Fantastic news for consumers, as the National Consumer Commission (NCC) takes cellphone companies to task, on compliance with the Consumer Protection Act (CPA).

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