How to Lawfully Reset Your Credit History. A fascinating true story of how Max successfully deleted thousands of dollars of debt from his credit history. The follow-up, Why Max Won, has some interesting insight into removing emotion from the credit equation. (Previous Make Your Nut appearances on MetaFilter here and here.)
posted on Apr 25, 2008 - View this thread

A new medical bill payment reporting system called MedFICO is said to be going live this summer. This system is being developed by the health care industry in an effort to judge a patient's ability to pay. Healthcare Analytics, a healthcare actuarial company, is developing the score in conjunction with Tenet Healthcare, credit scoring company Fair Issac, and venture capitalists.
posted on Jan 19, 2008 - View this thread

What’s Behind Those Offers to Raise Credit Scores - You've all heard the ads, here's how those companies try to raise your credit scores. The credit industry hates it, because it works, at least for now.
posted on Jan 19, 2008 - View this thread

A primer on the global derivatives market, the City of London, and the credit crunch:

"In 2003 the total size of the world economy was $49,000,000,000,000. The total size of the derivatives being traded was $85,000,000,000,000. In other words, derivatives today are worth far, far more than the total economic activity of the planet. More than $1,000,000,000,000 of derivatives are bought and sold every day. Every single thing that can be traded through derivatives, is."

posted on Jan 2, 2008 - View this thread

Debtor Nation. The rising risks of the American Dream, on a borrowed dime.
posted on Aug 14, 2007 - View this thread

This isn't 1998. There's no model for what's happening now in the housing and mortgage industries. 116 mortgage lenders have imploded since 2006. 11 hedge funds have imploded in just the last couple months. Time to warm up the helicopters?
posted on Aug 11, 2007 - View this thread

50 Fun Facts About Credit Cards. Historical tidbits and interesting explanations of the technology behind that plastic in your pocket.
posted on Jan 24, 2007 - View this thread

TOO MUCH BLOOD IN MY STOOL! THIS COULD BE COLOGNE CANCER! (NSFW) Eddie Reedom's site, www.choppercarsfraud.com claims Josh "Chop" Towbin and Towbin Dodge (known for their silly infomercials and the A&E series King of Cars) defrauded him of $50m to $100m. Among the evidence is photos of his stool, and video of an unruly Australian Buddhist security guard who kicks Reedom's truck. While Reedom may seem a bit nuts, there are tens of millions of Americans with bad credit. If you're one of them, seek some good advice before signing up for any loan. Credit problems are enough to drive anyone insane.
posted on Aug 3, 2006 - View this thread

In the last few years, Fair Isaacs, along with the FTC have made considerable effort in educating us in how our credit scores are derived. But is the whole system about to change? In a somewhat quiet AP story, the three major credit bureaus, Equifax, Transunion, and Experian, announced they had agreed on a new common formula for generating your credit scores: VantageScore. [more inside]
posted on Mar 15, 2006 - View this thread

DHS monitors your credit card payments. (via)
posted on Mar 2, 2006 - View this thread

Seen something like this on one of your credit or debit cards recently? 09/25 DIGITAL AGE 888-529-98 CYPRUS, SE $24.99 Join the crowd. You might remember something from earlier in the summer, when CardSystems Solutions reported a security breach that had gone on for months. Or maybe you remember a bit of more recent news, when "a California judge ruled Friday that Visa USA Inc. and MasterCard International Inc. don't have to send individual warnings to thousands of consumers whose personal account information was stolen during a high-tech heist uncovered earlier this year."

My family was hit on three different cards from three different banks in less than a week. Doesn't seem to matter if you ever used the card online or not. Any guesses where "Digital Age" is getting all these valid credit and debit card numbers? Anyone? So, please, check your statements and be prepared to cancel your card immediately if you've been hit, too. Nothing good will come of these criminals being able to make additional charges against your accounts, using different shell companies to hide themselves, continuing to do this sort of thing for years
posted on Oct 13, 2005 - View this thread

A double whammy for the U.S. economy this winter: Bankers have announced credit card minimum payments will double starting in early 2006 as a 10-year payback system is adopted. Meanwhile in October comes the controversial bankruptcy reform. All this on a blanket of spiralling gas prices. That Unahome may be the wave of the future for a lot of Americans.
posted on Aug 21, 2005 - View this thread

The Credit Card Prank Part 2 Not satisified with the results of an earlier experiment, John Hargave kicks it up a notch and tries to get someone, anyone, care about the signature on his credit card receipts.
posted on Mar 23, 2005 - View this thread

Free Annual Credit Reports
The Fair and Accurate Credit Transactions Act of 2003 goes in to effect today. One of the major provisions of the bill, is that consumers now have the right to one free report from each of the three major credit bureaus every 12 months. [more inside]
posted on Dec 1, 2004 - View this thread

Worse Than the World Bank? Export Credit Agencies--The Secret Engine of Globalization The amount of investment that export credit agencies (ECA) support worldwide is significantly greater than the total amount of lending from the World Bank, IMF and all other multilateral institutions combined. ECA's account for the single biggest component of developing country debt and half of all new greenhouse gas-emitting industrial projects in developing countries have some sort of ECA support. Investments in places like Guatemala, South Africa, Pakistan, Chile [PDF], have had unacceptable social, environmental and economic consequences. Administered or backed by a government, an ECA uses taxpayer money to make it cheaper and less risky for domestic corporations to export or invest overseas. ECAs privatize the profit and socialize the risk while negatively impacting indigenous cultures and enironments, all with little or no governmental oversight or public awareness of the matter. So what can we do about it? [PDF]
posted on Nov 26, 2004 - View this thread

Americans are not going broke over lattes! Salon (warning: ad click-through required) interviews the author of a book who contends that American middle class overconsumption is a myth. This made me really think about how I relate to my $$$, and what I think is pushing me deeper into a hole. According to this author, kids are forcing people into bankruptcy, and it's not because we buy them gameboys and expensive clothes. The author also claims that credit card companies and mortgage lenders need to be regulated by the govt., as they are feeding off of middle class hardships. It's also making me wonder why real estate developers aren't building small homes anymore, at least in my state of the union.
posted on Oct 14, 2003 - View this thread

Money Saving Expert is a site for UKians, to play the credit card game and win, save tax, understand consumer rights, and generally be more savvy in all things fiscal.
posted on Sep 30, 2003 - View this thread

What could you do with $27? - Microcredit or microfinance provides working capital through small loans to the working poor. Read some of the wonderful accounts of people who built thriving businesses and new lives with from a jumpstart of as little as a $100 loan. Read the remarkable story of the Grameen Bank, and learn about Village Banking, and other inspiring efforts to bring dignity and help to the more than 1.2 billion people who live on less than one dollar a day. - more -
posted on Jun 8, 2003 - View this thread

The Credit Card Prank is a project to see how far one could go with their signature on credit card purchases. The experiment goes pretty far and barely runs into any snags. The verdict? People don't seem to care what you sign on a receipt.
posted on Jun 3, 2003 - View this thread

Pentagon busily ruining the credit ratings of service personnel. "Hapless" military personnel are ordered to use a government-issued credit card for travel expenses, then submit for reimbursement. But the reimbursements (and even paychecks) frequently come late, making the soldier unable to pay the credit card bill -- thus branding them as "delinquents", "credit risks" and even causing their wages to be garnished.

"U.S. soldiers in Afghanistan have found themselves stranded in the desert without a dime because their credit was suddenly cut off, according to a May 29 report in the Military Times, leaving families behind in a nasty Catch-22: Swallow the debt, or borrow more money to pay the bills so their credit wouldn't be ruined."

It truly gives one the warm fuzzies to see that our government and military leaders give our service personnel the respect they deserve.
posted on Aug 20, 2002 - View this thread

Poverty is Expensive (part 59) The "i-Gen" prepaid MasterCard, available at a Rite-Aid near you, for those who don't have bank accounts (for debit cards) to say the least of credit ratings sufficient to get credit cards. Pay a $10.00 upfront fee, pay another $5 a month plus a "reload" fee of at least $5 every time your card runs down, all for the privilege of letting them hold on to your cash at no interest.
posted on Jul 7, 2002 - View this thread

No VC after the dot-com bust? No problem! Just sign up for eight no-annual-fee credit cards with interest rates as low as 1.7 percent (for a few months, anyway), and shazam: You've got $35,000; you're a start-up! Question: Has this guy read a newspaper in, say, the last 18 months?
posted on Jan 14, 2002 - View this thread

Not embedded in your hand, just your credit card. Your Providian VISA with Smart Chip Technology comes with a smart chip that's embedded on the front of the credit card. Soon, a smart chip will let you store information and applications that make shopping easier and more secure. Anyone here a little leary of this kind of "smart"ness? Thoughts?
posted on Jul 3, 2001 - View this thread

Currently, consumer personal debt is at an all time high, and at the same time we're being inundated with ads asking us to "live richly" and pay for all those "priceless" moments with credit. Credit card companies have maintained a steady stream of advertising that focuses on living in the now, and worrying about the consequences later. Without discounting personal responsibility, should credit card companies be left to advertise their message unfettered, or does anyone think they are too good and perhaps somewhat responsible for the high consumer debt levels?
posted on Jun 20, 2001 - View this thread

'Jesus Christ! How much is that new DVD player? Ok, just put it on my VISA card'
posted on Oct 15, 1999 - View this thread