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December 30, 2011

Los Angeles Criminal Defense Attorney Discusses Top 5 Local Criminal Law Stories of 2011

Filed under: 3 Credit Reports — Tags: , , , , , , , — admin @ 5:42 pm


Los Angeles Criminal Defense Attorney Discusses Top 5 Local Criminal Law Stories of 2011

Los Angeles, CA (PRWEB) December 21, 2011

With New Year’s Day quickly approaching, Los Angeles criminal defense attorney, Jerod Gunsberg, looks at the top five local stories of 2011 and suggests how each had an impact on the citizenry of Southern California.

1. Conrad Murray Trial per “Los Angeles Times”: Dr. Conrad Murray’s conviction of involuntary manslaughter for his role in the death of Michael Jackson was the celebrity criminal trial story of the year.

”A lot of credit to the defense attorneys in this inspecting for doing a noble job in the face of overwhelmingly unfavorable evidence against their client,” Jerod Gunsberg comments.

“This case is notable not only because of the celebrity-factor, but it is a definite warning to doctors or anyone entrusted to caring for patients that medicine is not a business in which the customer gets whatever he wants.”

2. No More Red Light Cameras: 2011 is the year in which Los Angeles’s red-light cameras were put out of commission as reported in the “Los Angeles Times.” For years, these cameras have infuriated drivers who argued the light was yellow when they went through it, only to find (weeks later) a letter in the mail showing a photograph of them running a red light and a demand for payment. After it came to light that these cameras were 1) not making driving any safer, 2) not cost effective, and 3) that payments of the fines were likely not enforceable by the court, the City decided to terminate the program.

“The scrapping of these red light-colored cameras is yearned overdue, they served no purpose to anyone except as a revenue generator for the city,” says Gunsberg.

3. Sentencing Realignment – State Prisoners to Serve Time in County Jail: In an effort to bring California’s overcrowded state prisons in line with federal law, the California legislature enacted a “realignment plan” as reported in “The Huffington Post.” Under this plan, anyone convicted of a non-violent offense will be sentenced to serve their time in county jail rather than state prison. In Los Angeles County, there is concern that the already frosted-crowded county jail system will become even more overcrowding, forcing the early release of thousands of inmates.

Criminal Defense Attorney Los Angeles, Gunsberg, adds, “This new law has only been in effect since October 1, so it remains to be seen whether this law will motivate Los Angeles County to seriously look at alternatives to incarceration for non-violent and drug offenders, or whether the new law will be used as a pretext to build new jail facilities in the county. Either way, this fundamentally changes the way both prosecutors and the defense bar nearing sentencing issues.”

4. Federal Crackdown on Los Angeles Medical Marijuana Dispensaries: as seen on NBC Southern California, in a seeming reversal of its hands-off approach, the U.S. Department of Justice began a crackdown on Los Angeles’ medical marijuana dispensaries. Although illegal nether federal law, qualified patients are permitted to use medical marijuana in accordance with California state law. At one point, the Obama administration had made an informal promise not to target logical medical marijuana dispensaries in California; however, that policy changed this year. Medical marijuana dispensary operators and landlords who had dispensaries as tenants were either raided by the DEA or received notices to cease operations under the threat of federal changes.

5. Lindsay, Lindsay, Lindsay: Lindsay Lohan makes the list for the second year in a row. After her theft case, her Los Angeles probation violation, her brief stays in jail, her bungled efforts at complying with the terms of her probation, it seems that Lindsay is ending the year on the upswing and finally in compliance with her probation.

Gunsberg again, “There is a misconception that she was treated differently than everyone else. That’s not alined. Lindsay received the same treatment, the same sentence, the same punishment and the same early-release from jail that anyone in her position would have received. What was truly interesting about the Lindsay Lohan saga is that it allowed the public to see exactly how the probation and county jail system works.”

Criminal defense attorney, Los Angeles, Jerod Gunsberg, invites you to visit his website for more information at http://www.gunsberglaw.com or contact his office at 323-633-3423, Law Offices of Jerod Gunsberg – Los Angeles, 333 S. Grand Avenue, 25th Floor, Los Angeles, CA 90071.

About Jerod Gunsberg:

Jerod Gunsberg is admitted to practice in all California State Courts and the United States District Court for the Central District of California. Mr. Gunsberg regularly handles misdemeanors as well as felony cases. He is a member of numerous professional organizations including National Association of Criminal Defense Lawyers, California Attorneys for Criminal Justice, Los Angeles Criminal Courts Bar Association.

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, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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December 25, 2011

Cash Doctors Reveals Christmas Spending Trends for 2011

Filed under: Compare Credit Report — Tags: , , , , , , — admin @ 5:43 pm


Cash Doctors Reveals Christmas Spending Trends for 2011

Cash Doctors- Instant Cash Relief

Sydney, NSW (PRWEB) December 10, 2011

Cash Doctors reveals Christmas spending trends for 2011

Australians are expected to spend a whopping $ 465 each on gifts this Christmas. Australian online lender, Cash Doctors, has released a Christmas spending infographic that demonstrated foreboding spending trends and a guide to surviving the silly season.

Cash Doctors regularly relinquish personal finance tips for everyday Australians but this time the Company has sourced data on calling Christmas spending swerved and offered their advice on how to avoid the festive splurge.

Cash Doctors co-flopped, Greg Ellis, aforementioned it’s great to see that consumers are taking preferring of online shopping opportunities, in light of new reports that Google has seen a 220% spike in shopping searches coming from smartphones this year.

“Online shopping is a great way to compare prices before you head to the shops… If you choose to shop online, be wary of the temptation to fill up that online shopping cart full of purchases, especially if you’re paying with a credit card,” said Ellis.

Cash Doctors Co-founder, Sean Teahan, said he wants to prepare people for the toughest time of year for managing their finances.

“Of Australians surveyed by Coles Consumer Research, 47% said they will end up spending over $ d, which is a significant amount for many people – especially those who have not planned ahead for the season,” said Teahan.

“One of the most important things to do this December is to think of the consequences that overspending in the silly season can have on your finances in the New Year. Current financial conditions are healthy for retail spending, but we still need to be aware of the urge to splurge.”

The survival guide featured in the Cash Doctors’ infographic contains 5 essential steps to a financially responsible festive season.

If you’re looking for more personal finance tips, visit the Cash Doctors’ blog.

Cash Doctors was established in 2005, and continues to grow as one of Australia’s leading online credit providers. For more information, visit http://www.cashdoctors.com.au.

For further information, please contact:
Kirsten Stallard
Public Relations Coordinator
kstallard(at)cashdoctors(dot)com(dot)au
Ph: 133 156

###


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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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December 20, 2011

Q&A: Question about TransUnion free credit report?

Filed under: Compare Credit Report — Tags: , , , , , — admin @ 5:43 pm


Question by Smith K: Question about TransUnion free credit report?
Question about TransUnion free credit report?Hi everyone, I try to get a free credit report on annualcreditreport.com —-> TransUnion website. But I don’t know why it said:Privacy Protection The Identity Security System isn’t able to confirm your identity. Explanation: The Identity Security System confirms your identity through a series of questioned based on accounts and personal information contained in your Personal Credit Report. The system was unable to get enough information from the Personal Credit Report to complete this process. What to do: Please return to annualcreditreport.com and order your Personal Credit Report by phone or mail. I am sure all the information I enter is correct and I tried 6 times already, but I got the same message. I don’t want ot order by mail and phone, because I need to wait 2 -3 weeks. Can someone help me please?PS: I got a free report on equifax few day ago(I want a new on from TransUnion because I want to compare them). Is this the reason why I can not get the new report from TransUnion.

Best answer:

Answer by Sand Bag
You are doing everything correcting. I tried getting my reports from the 3 bureaus endured week and got the same message on TransUnion. Equifax and Experian processed just fine. I think there is a bug in the system.



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December 10, 2011

Is a Trans Union credit score of 652 good enough to get me a used car loan?

Filed under: Trans Union — Tags: , , , , , , , — admin @ 5:42 pm


Question by Luke F: Is a Trans Union credit score of 652 good enough to get me an used car loan?
I am looking to get an used car for around 5500 or so. I have a vehicle which I will be selling and putting at least 2000 down on the new vehicle. My question is if my TU credit score is 652, will I be able to get a decent loan for the remaining 3500 or so? And would I need a cosignor or anything? I’m twenty years oldSo i would need a cosignor?

Best answer:

Answer by Carroll Disher
Probably not. With today’s tough clocking they’re looking for scores _at least_ in the mid 700′s.



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December 5, 2011

Q&A: does a Civil judgment show up on all 3 credit reports?

Filed under: 3 Credit Reports — Tags: , , , , — admin @ 5:44 pm
3 credit reports
by NASA on The Commons


Question by Lil M: does a Civil judgment show up on all 3 credit reports?
does a Civil judgment show up on all 3 credit reports?

Best answer:

Answer by Use Your Noodle
It may or may not. Even if it doesn’t, it will affect your credit adversely.



Know better? Leave your own answer in the comments!

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November 25, 2011

How to Improve Poor or Nonexistent Credit by Paying Your Bills on Time

Filed under: Experian — Tags: , , , , , , — admin @ 5:48 pm


How to Improve Poor or Nonexistent Credit by Paying Your Bills on Time

(PRWEB) October 24, 2011

While extending credit to the unbanked and underbanked isn’t always desirable for financial institutions, there’s a definite need for short-term, small-dollar credit. Many consumers experience temporary gaps in income and need to cover basic living expenses care rent, utilities, and transportation costs. An April 2010 study[1] conducted by the Center for Financial Services Information (CFSI) found that:

    There are 30 million unbanked and underbanked households in the United States.     33% of unbanked and underbanked U.S. households borrow to pay for small-dollar, short-name financial take.     Almost 40% of those borrowing do it to pay bills or cover basic living expenses.     16% of underbanked individuals obtained payday loans in the last year.     45% of unbanked and underbanked borrowers would prefer to conduct their financial transactions with a bank or credit union.

So how do the unbanked and underbanked construct credit, wealth, and eventually financial prosperity? The answer may involve alternative credit scores.    

What is an Alternative Credit Score?

Designed to help telecommunication providers, retailers, and other sales-oriented companies issue credit to the underbanked, alternative data providers care L2C Inc. and PRBC Credit Reporting Agency have been around for about a decade. These companies furnished alternative credit reports that incorporate information from sources not typically considered by the big three credit reporting agencies—Equifax, Experian, and TransUnion. Sources of information comprise mobile phone service history, utility charged payments, payday loan payments, property recording, and employment information.

Originally, big lenders avoid these reports, as underbanked consumers were not a target market for many banks and the predictability of this alternative information was largely untested.

Why Traditional Banks Are Using Alternative Credit Scores More Than Ever

Many in the financial services industry now realize that the application of alternative credit data extends beyond underbanked consumers. “As we came out of the downturn—and even in the downturn—what they realized is that the data could help them across their entire book of business, and then it became a much bigger prioritization[2],” said Mike Mondelli, founder and chief executive of L2C.

The recent financial crisis also highlighted an over reliance on traditional credit scores. Many financial lending institutions are realizing the usefulness of alternative data as a supplement to traditional credit scores. According to John Ulzheimer, president of consumer education at SmartCredit.com, “There’s definitely more of an appetite for what I would define as untraditional credit report information. Lenders realized that solely depending on traditional credit file information only goes so far[2].”

“As an industry we believe we’ve stirred away from the testing and the skepticism stage,” said Mondelli, “We’re firmly in early adoption, and it looks like we’re going to be mainstream[2].” The incorporation of alternative credit data into the databases of the big three attributing reporting agencies helps validate this belief. Equifax, Experian, and TransUnion have all added new information sources into their databases—including rental, employment, and income-verification data. Equifax and TransUnion have also formed strategic partnerships with L2C to provide its data as an add-on service to clients. Furthermore, according to Mondelli, 15 of the exceed 20 consumer lenders are either using L2C’s data or are in the pilot phase[2].

Lenders are mainly using alternative data as a supplement to traditional scores to determine the credit worthiness of borrowers outside of the “super prime” category—those with a FICO hit of 780 or less. This allows them to revisit consumer segments that they exited during the downturn. With more information at their disposal, banks and credit unions can expand their pool of eligible borrowers without assuming greater credit risk.    

Your Action Plan for Improving Poor Credit
With alternative credit scores playing a larger part in how lending institutions determine credit worthiness, here are some steps you can take to improve your credit rating:

1.    Make a commitment to pay your bills on time. As alternative credit scores become more of a factor in your credit score, paying bills on time becomes a crucial aspect of credit building. Unless you’re willing to make this commitment and stick to it, the next two suggestions won’t help.

2.    Contact your mobile phone service provider, utility companies, and any other service providers to find out if they report information to alternative credit bureaus. Many service providers automatically report this information, while others offer it only as an option. For instance, many payday loan providers give their borrowers the option of having their payday loan histories reported to alternative credit bureaus, but borrowers must first request this service. For the sake of building credit, you’ll want to have as many billers reporting to alternative credit bureaus as possible.

3.    If you need funds to help cover short-term gaps in income, borrow wisely.

a.    Only borrow in emergency situations.

b.    Whenever possible, borrow money from friends or family, and pay them back as soon as possible. Even if you have to pay them back with interest, it will often be much less expensive than a traditional loan. And if you pay them back promptly, they will be more willing to loan to you in the future.

c.    If you need to borrow a somewhat substantial amount of money, and your family and friends can’t help you, consider taking out a personal loan or borrowing against your car or house. Of course, you’ll want to make sure you’ll be able to pay back the loan before borrowing.

d.    If you only need a small amount of cash to make it until your next paycheck, you might consider payday loans. Unlike most banks, payday lenders clearly state the cost of your loan transaction upfront. Payday loans don’t require a credit check, and they’re unsecured—so you won’t risk losing your personal property. Plus, the simple application process means you’ll receive your cash in as little as one business day—something you can’t get from most traditional lenders.

Works Cited:

[1] How Should We Serve the Short-Term Credit Needs of Low-Income Consumers? Center for Financial Services Innovation, Apr. 2010. Web. 20 June 2011. http://www.l2cinc.com/assets/files/PDF/InBrief_Credit_Symposium_Apr2010.pdf.

[2] Lepro, Sara. “Use Of Alternative Credit Scoring Is Growing.” Collections & Credit Risk. PaymentsSource, 2 June 2011. Web. 20 June 2011. http://www.collectionscreditrisk.com/news/use-of-alternative-credit-scoring-growing-3006462-1.html.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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November 10, 2011

CreditQ.com Makes Comparing Mortgage Rates Easier

Filed under: Compare Credit Report — Tags: , , , , , — admin @ 5:47 pm


CreditQ.com Makes Comparing Mortgage Rates Easier

CreditQ.com

Newport Beach, CA (PRWEB) November 02, 2011

Last week, President Obama outlined a new refinancing plan meant to help home owners stuck with underwater mortgages resulting from the nation’s housing downturn. The plan outlined by the President could potentially assist millions of home owners (who have loans through Fannie Mae and Freddie Mac), letting them to salvage money on their mortgages even if they mortgage more on the house than it is presently deserving. Not only will this assist preclude thousands of future loan defaults, but it will let people to act advantage of today’s historically low-toned interest rates.

But homeowners do not need to be eligible for the government’s Home Affordable Refinance Program in order to take advantage of today’s amazingly low interest rates. For current owners, the best time to get that lent refinanced is now. As well, for populating reckoning purchasing a home, there has never been a better time to enter the market.

In say to make the caring of comparing new loan and refinance options easier, CreditQ.com has announced some additions to its mortgage website. Specifically, CreditQ.com has added a mortgage comparison tool bar that allows consumers to see and compare mortgage rates from lenders. The site added this new feature in tell to provide pertinent, accurate, and insightful information focused on consumer needs. As an online financial resource center, the company provides direct access to various financial resources, including home loan options. Additionally, the site disseminates useful information through the publication of new content, including articles, blogs, and other news regarding changes within the financial industry.

The intention of CreditQ.com is to provide a handy, fast, and accurate way for those looking to refinance their current loan, as swelling as those looking to get a new loan, to compare rates and/ or to simply to see what’s available. The new lend calculator includes plopping-down menus advance consumers to specify exactly the type of mortgage (or refinance) option they are interested in, showing what rat they would doing for. When using the drive, people can betokening loan type, housing type, home price, mastered payment amount, current credit rating, the number of points, and state and county information (loan rates vary depending on the borrower’s loan and credit profile). Consumers will then be provided with a naming of lenders offering the about competitive and up-to-date home loan and refinance offers.

Ultimately, the goal of these improvements to the site’s home lend pages is to meliorating the process of getting accurate and timely information about new loans and refinance options unwrap to consumers. To see how the new mortgage drive works, and to start the caring of financing or refinancing your house, please visit CreditQ.com for more information.

CreditQ.com is a credit guide that has many features for users to choose from. The site allows people to view several different travel credit card options, as well as Orchard Bank credit card offers for credit cards for people with bad credit, balance transfer credit cards, low APR credit cards. The site also features bank rates and credit report information.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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