Not Knowing About This Credit Report Can Burn You
Even if we’re not quite sure what goes into our credit report or how that information boils down to a three-digit score, we know that a higher number means a better shot at getting a credit card or mortgage loan, along with a better interest rate on money we borrow. But many Americans don’t know about another type of credit report that’s just as important — in fact, a poor score can lock you out of the financial mainstream for years. It’s called your ChexSystems report, and it tracks certain behaviors and activities related to checking or savings accounts. Bounced a check? That goes in the report. Had an account closed by your bank after you ran it into the red? That does, too. These black marks stay on your record for five years, and can keep you from opening a bank account. According to an FDIC-commissioned study, 25% of banks won’t let you open an account with them if you have even a single derogatory item. There are a couple of other companies that also track this kind ...
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Finmeccanica chopper deal to be scrapped if charges proven: India
NEW DELHI - India will blacklist Finmeccanica SpA and cancel a deal to buy 12 helicopters from the Italian defense group if allegations of bribery are proven against the company, Defense Ministry A.K. Antony said on Wednesday.
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Reuters
Chile fines, blacklists Starbucks, Wal-Mart over labor practices
SANTIAGO - Chile's labor department has blacklisted Starbucks and Wal-Mart local units over labor practices, preventing them from bidding to supply local government offices for two years, a department official said.
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Iraq blacklists Chevron for Kurdish oil deals
BAGHDAD - Iraq hit out at Chevron Corp over its just-signed oil contract with Kurdistan, barring it from any oil agreements with the central government in a move meant to deter other companies from dealing directly with the semi-autonomous northern region.
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U.S. blacklist puts reverse takeover of Aussino in doubt: bankers
SINGAPORE - A planned S$60 million ($47 million) reverse takeover of Singapore bed linen maker Aussino Group may not materialize as the firm planning to inject assets into Aussino is linked to a Myanmar businessman on a U.S. blacklist, bankers and lawyers said on Friday.
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