7 Credit Myths You Thought Could Hurt Your Score, but Don’t ( Admin posted on October 25th, 2014 )

The Internet is brimming with tales of how your complete lack
of knowledge surrounding
credit scores

#160;is costing you big every day. We get it. How about some
good news for once?

Finding out you had it wrong all along doesnt have to be a
bad thing. In fact, you could be relieved to learn you were
mistaken. The following are common misconceptions about


#160;that youll be happy to know arent true at all.

7 Myths About Credit Scores Explained

1. Closing my oldest credit card will shorten my credit

One of the most
pervasive credit myths

, closing an old credit...

1st Time Home Buyers Event Set for Nov. 5 at Mad Fox ( Admin posted on October 25th, 2014 )

Falls Church City real estate agent, Tori McKinney, is hosting the third annual Rock the House – 1st Time Buyer’s Backstage Pass to Homeownership on Nov. 5 from 5:30 – 8 pm at Mad Fox Brewing Company. The event is a special housing happy hour/info-session aimed at first-time home buyers, but open to all those interested in purchasing a home. Mortgage, title, home inspection, and other housing professionals will be in attendance to answer questions.

This year Rock the House is asking attendees to bring a new/unopened cleaning item to donate to Homestretch.

This event is free and open to the public but RSVPs are requested. Go to RTH14.eventbrite.com for more information.

Greenpath Credit Counselors Host Personal Finance Twitter Chat on October 22 … ( Admin posted on October 25th, 2014 )

Press Release, News

FARMINGTON HILLS, Mich., Oct. 21, 2014 /PRNewswire-USNewswire/ GreenPath Debt Solutions education and training department will host its first Twitter Chat on Wednesday, October 22 at noon ET under #GPKnows.

The nationwide, non-profit credit counseling and education organization, headquartered in Farmington Hills, Michigan, will field tweets on a relevant personal finance topic: As the Fair Issac Corporation recently announced adjustments to how credit scores are compiled, GreenPath will answer tweets around changes in credit scoring, and will also address any other credit report and credit score related questions.

Well be available...

Confronting Climate Change: Economics, Fairness and Political Feasibility ( Admin posted on October 24th, 2014 )

Download: Audio

Editors note: The question and answer session has been removed from this podcast.

Speaker(s): Professor Lawrence H. Goulder

Recorded on 20 October 2014 in Old Theatre, Old Building.

How can climate change policies be designed to be not only environmentally effective but also cost-effective and fair? How can they be made more acceptable politically? Professor Lawrence H. Goulder’s talk will explore how these different and often competing goals can be approached. While acknowledging that no perfect approach exists, he will suggest some potentially promising...

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Categories: Economics

Economist: Skills, Tech Gap Can’t Explain Inequality ( Admin posted on October 24th, 2014 )

Gaps in educational achievement and shifts in technology, often cited as key reasons for widening income and wealth inequality, do very little to explain the trend, said Lawrence Mishel, president of the Economic Policy Institute, a liberal think tank in Washington.

Speaking Saturday at a conference on “Equality of Economic Opportunity” hosted by the Federal Reserve Bank of Boston, Mr. Mishel criticized the event’s narrow focus on local actions to reduce inequality when other possible approaches lie in the realm of broader economic policy.

“Most of the policy discussion is limited to school interventions, go to college – totally a human capital orientation,”...

COMMENTS: No Comments »


Categories: Economics

Citibank to start offering free credit scores to credit card customers; Chase … ( Admin posted on October 24th, 2014 )

CLEVELAND, Ohio — Citibank in January will become the second major credit card issuer to provide FICO credit scores to customers every month.

The move, coming more than a year after Discover became the first major issuer to include credit scores with customers monthly online statements, signals this will become the norm in the near future.

Citi is the nations third-largest card issuer by amount of credit issued, behind Bank of America and Chase. Both banks said todaytheyreconsidering doing the same.

Cits decision is big in a year when federal regulators have been pushing banks to be more transparent to customers. That transparency can help people better understand...

Turkey’s Erdogan warns Moody’s and Fitch over assessments – reports ( Admin posted on October 24th, 2014 )

ISTANBUL, Sept 16 (Reuters) – Turkish President Tayyip
Erdogan has accused rating agencies Moodys Investors Service
and Fitch Ratings of political motives in their assessments of
the Turkish economy, and warned Ankara could cut its ties with
them, local media reported on Tuesday.

Both Moodys and Fitch have in recent weeks warned of the
potential impact of continued political uncertainty following
former prime minister Erdogans victory on Aug. 10 in the
countrys first direct presidential election.

Local media quoted Erdogan as telling reporters on his plane
back from a visit to Qatar late on Monday that such statements
were politically...

COMMENTS: Comments Closed


Categories: Credit Challenges

How African Economics Killed "The Leapfrog Effect" ( Admin posted on October 24th, 2014 )

Last week, Marrakech, Morocco hosted the 9th African Development Forum, organized by the United Nations Economic commission on Africa (UNECA). More than a thousand participants had the opportunity to discuss challenges ahead for the continent and how to tackle them.

One of the most refreshing things witnessed in Marrakech was the breach of consensus amongst economists and experts with regards to the “Leapfrog effect” and its expected positive impact on African economy.

For those not familiar with the concept, the Leapfrog effect was in every speech of every single economist talking about Africa for the last ten years. In short, it is the promise that Africa, thanks...

COMMENTS: Comments Closed


Categories: Economics

At the intersection of real estate and urban economics ( Admin posted on October 24th, 2014 )

Albert Saiz uses big data to understand real estate dynamics. As a professor in the Department of Urban Studies and Planning and director of MIT’s Center for Real Estate, his work is at the confluence of urban policy and city-making and the factors that drive real estate markets. An urban economist and director of the MIT Urban Economics Lab, Saiz studies the industrial composition of cities with an eye toward understanding what makes cities successful. He also creates and studies incredibly-detailed information about housing markets and how urban growth impacts real estate markets.

Immigration explains half of city growth

Saiz’s focus is primarily on housing markets,...

COMMENTS: Comments Closed


Categories: Economics

Op-Ed: The economics of literacy: Why adult education matters ( Admin posted on October 23rd, 2014 )

As we struggle with how to reduce inequities in our public schools and address the achievement gap in our state, a high-quality, coordinated adult literacy system is critical to lifting people out of poverty, strengthening our economy, and improving our overall quality of life.

When young people leave high school without the skills to be successful in the workplace, or read to their children, or communicate well with others, there are long-term consequences, not only for those individuals and their families, but for local businesses that need a skilled labor force to compete in a global economy.

A strong, well-resourced adult literacy system – adult education centers, community...

COMMENTS: Comments Closed


Categories: Economics