Sentences with phrase «impact on consumer credit»

Installment accounts that are years old have a substantial positive impact on consumer credit scores.

Does student debt have an impact on consumer credit?

Not exact matches

On September 7, consumer credit reporting agency Equifax announced it had experienced a cybersecurity incident potentially impacting 143 million Americans — nearly half the country.

Achievement of these goals was considered by the HRC as very challenging, even aggressive, given the expected modest economic growth for 2007 for the financial services industry, the impact and duration of the on - going flat / inverted yield curve (meaning short - term interest rates that are virtually equal to or exceed long - term interest rates, thus lowering profit margins for financial services companies that borrow cash at short - term rates and lend at long - term rates), potentially higher credit losses, fewer available high - quality, high - yielding loans and investment opportunities, and a consumer shift from non-interest to interest - bearing deposits.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

In May last year, we were at significant risk of a downgrading in our international credit rating, with a catastrophic impact on public services, business and consumer confidence, a long period of stagflation, and a contraction in the economy.

Among the topics to be raised: the purpose of the funds, how they were determined, their «disproportionate» impact on low - income ratepayers, and the consumer cost of the credits.

These are tricky questions to answer because inquiries remain on consumer reports far longer than they impact your credit rating.

In short, it's the rate at which financial institutions loan each other money overnight and has a direct impact on those consumers who are carrying credit card accounts with variable interest rates.

Budget and credit counseling sessions do not pose a negative impact on a consumer's credit score.

As a rule, we always urge consumers to spend wisely and pay off their balance due to avoid late fees, higher penalty APRs, and negative impact on credit histories.

We do not recommend that you choose a bankruptcy or consumer proposal based on the impact on your credit score.

Impact of Proposal: If you make a consumer credit proposal through a consumer proposal, an R7 credit rating will appear on your report to indicate that you have made a settlement with your creditors.

Hard inquiries have a bigger impact on consumers with few accounts or a short credit history.

Soft inquiries do not have an impact on a consumer's credit report as they are almost always unauthorized.

Home equity lines of credit, like other types of consumer debt, also have an impact on one's credit history and score.

Many consumers understand that if multiple inquiries about their credit are made to the major credit reporting bureaus, that can have a negative impact on their credit rating.

Consumer credit report is generally considered to have little impact on interest rates.

The good news is, even if a company does report a late payment that's less than 30 days late, it probably won't have a very big impact on the consumer's credit score.

Features are considered for their positive impact on consumers» credit history and financial health.

Impact of individual utilization on score is hard to predict Due largely to the complex and secretive nature of the credit scoring formula, the kind of scoring information needed to accurately predict the outcome of a balance transfer, such as which percentages are considered good and bad, is simply just not available to consumers.

While a flurry of potential creditors checking your credit score might cause those three little numbers to temporarily dip slightly, consumers viewing their own credit report — called a soft pull — has no impact on credit score.

People often ask about the impact a consumer proposal or bankruptcy will have on their credit score — naturally they worry about the future impact on buying a home or financing a vehicle.

Bill would damage credit scores of million of consumers Consumer Action joined the National Consumer Law Center and other organizations in opposition to HR 435 — legislation that would reduce consumers» control over their own data by preempting state and federal privacy protections, damage the credit scores of millions of consumers with a disproportionate impact on African Americans, and conflict with long - standing state utility regulatory consumer protConsumer Action joined the National Consumer Law Center and other organizations in opposition to HR 435 — legislation that would reduce consumers» control over their own data by preempting state and federal privacy protections, damage the credit scores of millions of consumers with a disproportionate impact on African Americans, and conflict with long - standing state utility regulatory consumer protConsumer Law Center and other organizations in opposition to HR 435 — legislation that would reduce consumers» control over their own data by preempting state and federal privacy protections, damage the credit scores of millions of consumers with a disproportionate impact on African Americans, and conflict with long - standing state utility regulatory consumer protconsumer protections.

When looking at more formal debt relief options, most people are very concerned about the impact that a debt management plan or consumer proposal will have on their credit rating.

For example, job seekers could be impacted by errors on their credit reports — errors that a consumer wouldn't even know about unless they checked their own credit report.

A consumer's credit usage ratio has a monumental impact on their overall FICO score.

Consumers should keep in mind that the impact of this credit window will also depend on the state of your credit and number of inquiries prior to loan shopping.

The amount of impact on your score may vary based on what else is on your credit report, and just like any consumer reporting the system is far from perfect.

Young consumers might not realize how much of an impact their credit, especially bad credit, can have on their lives until they are in the market for a car, apartment or mortgage and run into trouble.

Our calculations are based on the proportion of consumers (36 %, according to a recent Gallup study) who carry over a balance on their cards from month to month, and therefore would incur interest charges, and the impact of the quarter - point rise in rates, which analysts expect to be passed along in full through higher APRs on credit card balances.

As a last resort, many consumers will declare bankruptcy which appears on your credit report negatively impacting you financially for up to a decade.

It is true though, that hard inquiries have much less of an impact on business scores than they do on personal, the threshold for «excessive» inquiries are much less with consumer credit profiles.

FDCPA expert witnesses are often asked to opine about the practices of a 3rd party debt collector and the potential impact of the collection agency account on a consumer's credit reports and credit scores.

Paying the minimum is also the least a cash - strapped consumer can do to prevent a negative impact on their credit score.

The direct consumer impact will be on U.S. variable - rate mortgage holders (as well as all those that hold other variable - rate tied debts, such as credit cards, auto loans and lines of credit).

While the oft - reported statistic that «one in five» people have have errors on their credit report isn't entirely accurate, it's still true that millions of American consumers have errors on their credit report that are negatively impacting their credit scores.

«The only anomaly we found was that higher TPR levels actually resulted in higher auto and mortgage delinquencies for subprime and near - prime mortgage borrowers, but we attribute this performance to the mortgage crisis and its impact on the payment hierarchy — many consumers facing foreclosure placed a higher emphasis on paying off their credit cards,» added Becker.

The length of a consumer's credit history has a significant impact on their FICO score.

«The Impact of Credit Card Incentives on Consumer Borrowing» accessed May 19, 2018.

Such notifications enable consumers to detect fraudulent activity quicker and consequently reduce its adverse impact on their credit.

«In the vast amounts of states, a poor credit history will have a greater impact on your auto insurance premium than a drunk - driving conviction,» said Margot Gilman with Consumer Reports.

In each case, Madigan's complaint alleges that the defendants have violated the Illinois Consumer Fraud and Deceptive Business Practices Act by misrepresenting the services they can provide to consumers and the impact that those services will have on consumers» credit.

You will want to be sure this company is current on credit laws and aware of changes that impact consumers.

In many cases, consumers might have inaccurate information on their credit reports, which can have a negative impact on their -LSB-...]

Credit is a critical part of America's economy, but many consumers struggle to understand how it works and its impact on their budgets.

Medical bills will not appear on credit reports until 180 days old, giving consumers and insurance companies time to resolve the debt before it impacts a credit report and score.

Since that time, senior executives in the financial services industry and other financial monitors have also expressed worry about the impact of student debt on household formation, consumption of consumer durable goods, and credit creation.

While the Card Act — the new credit card law that took effect in February 2010 — has had an altogether positive impact on the credit card industry, increasing issuer transparency and adding to consumer rights, it's -LSB-...]

Tip - offs to Rip - offs Steer clear of debt negotiation companies that: 1) guarantee they can remove your unsecured debt 3) promise that unsecured debts can be paid off with pennies on the dollar 4) require substantial monthly service fees 5) demand payment of a percentage of savings 6) tell you to stop making payments to or communicating with your creditors 7) require you to make monthly payments to them, rather than with your creditor 8) claim that creditors never sue consumers for non-payment of unsecured debt 9) promise that using their system will have no negative impact on your credit report 10) claim that they can remove accurate negative information from your credit report.