credit report: Can you escape Big Brother in our modern society?
- 07/09/15 02:14 PM
In part 1 of this blog, we relayed the story of how a young writer named Henry David Thoreau moved to a remote path of woods by Walden Pond in 1845, where he built a humble cabin and lived a Spartan existence. When Thoreau emerged more than two years later, he had produced the manuscript to Walden, a memoir that trumpeted the virtues of simplicity, as well as the perils of conformity to modern industrial society. And while that was more than 150 years ago, Thoreau’s words still serve as the touchstone of what many people now are trying to achieve – taking … (0 comments)
credit report: Ask the experts: The top 5 questions about credit score.
- 03/05/14 02:57 PM
Why are credit scores so confusing? Credit scores may seem confusing but once you understand what it is and what parties are involved the role they play, it all becomes clear. Your credit score shows your history of using credit, including accounts you have opened and closed, credit limits, payment history amounts owed, and defaults. A credit score is tallied based on these factors and more, so your credit history determines your credit score. Your credit score is determined by an algorithm developed by the Fair Issue Corporation (hence its other name of FICO score). Three corporations, called “credit bureaus”, specialize in … (0 comments)
By now it’s common knowledge that some employers check applicant’s credit when making hiring decisions, but the debate about the ethics – and effectiveness – of that practice are under fire. The results of a study by the Society for Human Resource Management were just released with interesting conclusions that may have both thrown fuel and water on that fire.
In fact, nearly 50% of companies check credit reports of at least some potential employees during the hiring process. To do so companies need to get applicant’s written permission, but any applicant that says “no,” most likely … (3 comments)
America is built on its middle class, the brass ring of upward mobility we all reach for, but it seems we’re abruptly waking up from that dream. Some facets of the economy – like housing – are showing signs of life after a prolonged national recession, but it leaves us wondering what the average person’s financial situation will look like going forward. And how does our middle class compare to a generation ago? In the past, I noticed a common perception that our financial difficulties were, in large part, due to our over-indulgence. We were a nation of rabid consumers who … (2 comments)
In part 1 of this blog, we relayed the story of how a young writer named Henry David Thoreau moved to a remote path of woods by Walden Pond in 1845, where he built a humble cabin and lived a Spartan existence. When Thoreau emerged more than two years later, he had produced the manuscript to Walden, a memoir that trumpeted the virtues of simplicity, as well as the perils of conformity to modern industrial society. And while that was more than 150 years ago, Thoreau’s words still serve as the touchstone of what many people now are trying to achieve – taking … (0 comments)
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