Well done, America. Credit scores across the nation are going up.On the other hand, knowledge of how credit works is declining.Consumers’ grasp of credit is the lowest it’s been in eight years, according to an annual survey by credit scoring company VantageScore and the Consumer Federation of America, a non-profit association of consumer groups. For example, 62% of those surveyed this year knew that everyone has more than one credit score. In 2012, 78% knew that.More people rated their own knowledge highly despite knowing less. In an era when free credit scores and reports are plentiful, this is perhaps not surprising. The share of respondents who called their credit knowledge “excellent” or “good” was 60% in 2019, up from 54% in 2012.Millennials were a little more modest. Only 56% of those ages 21 to 38 rated their knowledge as “excellent” or “good,” compared to 61% of people ages 39-54 and 65% of those 55-73.WHY CREDIT SCORES ARE GOING UPThe average FICO score last year was 704, according to FICO, continuing a steady rise from a low of 686 in 2009 during the Great Recession. The average VantageScore — FICO’s competitor — was 680, continuing to climb but not yet as high as the 685 seen in 2008.Factors such as a large-scale economic recovery, low unemployment and consumers’ confidence in their own finances contributed to higher scores, says Rod Griffin, director of consumer education and awareness at Experian.Of course, consumers being more careful with money since the financial downturn also played a part, Griffin says.Also, millions of people experienced a score bump over the past two years as the three major credit bureaus — Experian, Equifax and TransUnion — stopped including some negative marks on credit reports, including tax liens, civil judgments and some types of collections.WHAT YOU DON’T KNOW ABOUT CREDIT CAN HURT YOUThe knowledge survey revealed that all generations misunderstand some elements of credit.Among the findings, a significant share of respondents didn’t know that:—Checking your own credit never hurts it (38.—Opening several credit card accounts at the same time can lower your score (38.—Cellular plan providers might use credit scores to price services (41.It’s crucial for millennials, who have many financial decisions ahead, to know what factors have an impact on a credit score . Fortunately, two factors make up the majority of what affects your credit score — paying bills on time and keeping credit card balances as low as possible.“A lot of credit is boring. It’s all about consistency and keeping your debts as low as possible and making your payments on time,” says Griffin.HOW TO STAY ON TOP OF YOUR CREDIT— Keep an eye on things: Checking your score frequently is a healthy habit and it won’t hurt your credit.Even more important is checking your credit reports for accuracy. They may have errors that drag down your score, and you can request to have them removed.To check your reports, you can use any of the free apps or websites that offer them. Federal law also entitles you to a free copy of your credit report every 12 months from each of the three credit bureaus; request them at annualcreditreport.com.— Understand who sees your score: “Most people still understand that credit card issuers and mortgage lenders use credit scores,” says Stephen Brobeck, senior fellow at the Consumer Federation of America. But the survey showed that only 65% of people knew landlords used credit scores, while only 59% knew cellphone companies used them and 58% knew home insurance providers did.Also, potential employers may check your credit report before hiring you. And in most states, car insurance providers can use your score to set premiums.—Educate yourself: Griffin recommends using free tools to learn how your score and reports work, as opposed to just checking them occasionally. The Consumer Federation of America website has the credit quiz used in the survey, which is a good place to start. And many personal finance websites offer educational content alongside a free score._________________________________________________This column was provided to The Associated Press by the personal finance website NerdWallet. Amrita Jayakumar is a writer at NerdWallet. Email: email@example.com. Twitter: @ajbombay.RELATED LINK:CFA Credit Score Quiz http://creditscorequiz.org/What factors affect your credit score? http://bit.ly/nerdwallet-credit-score-factorsAmrita Jayakumar Of Nerdwallet, The Associated Press
Thomson Reuters (TSX:TRI) says it’s eliminating 2,000 positions, about four percent of its global workforce, around the world as it speeds up efforts to streamline and simplify its global information services organization. Thomson Reuters chair David Thomson prepares to speak at the company’s annual general meeting of shareholders, in Toronto in a May 14, 2010, file photo. THE CANADIAN PRESS/Darren Calabrese by The Canadian Press Posted Nov 1, 2016 5:45 am MDT Last Updated Nov 1, 2016 at 8:06 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Thomson Reuters to cut 2,000 jobs worldwide as it speeds up streamlining TORONTO – Thomson Reuters (TSX:TRI) says it’s eliminating 2,000 positions around the world as it speeds up efforts to streamline and simplify its global information services organization.The layoffs represent close to four per cent of the company’s global workforce of about 52,000 employees, 1,200 of which are in Canada.The company, which has its principal executive office in New York City but retains a corporate headquarters in Toronto, says the reorganization will result in between US$200 million and US$250 million of accounting charges to be recorded in the fourth quarter.The advanced notice was included with the company’s third-quarter financial report, which showed Thomson Reuters had US$2.7 billion of revenue and net income of US$286 million or 36 cent cents per diluted share for the three-month period.The company’s statement provided little detail about its plans for an accelerated “transformation” program except that most of the charges will be taken in its core financial and risk services unit and a new enterprise, technology and operations group.But a spokesman for Thomson Reuters confirmed by email that 2,000 positions will be cut in 39 countries and 150 locations.The third quarter results — including discontinued operations and reported in U.S. currency — were little-changed from the third quarter of 2015, when revenue was $2.75 billion and net income was $293 million or 36 cents per share of diluted earnings.Earnings from continuing operations rose to $268 million or 34 cents per diluted share from $263 million or 32 cents per share.The company’s intellectual property and science business was sold for US$3.55 billion cash in a deal that closed on Oct. 3, providing about $3.2 billion in net proceeds that will be used to repay debt, buy back shares and invest in the business.Thomson Reuters announced on Oct. 7 that it planned to establish a new technology centre in Toronto, with hiring of an initial 400 jobs to begin in December. The company’s CEO and other senior executives will also relocate to the city.“Our core subscription businesses are moving in the right direction, our cost controls are working and we are increasingly confident in our execution capability,” Thomson Reuters CEO Jim Smith said in a statement. “That is why we are going to pick up the pace of our transformation efforts.”In the third quarter ended Sept. 30, revenue at Financial & Risk was flat at US$1.5 billion, while revenue from legal services fell to $835 million from $851 million and revenue from tax and accounting services increased to $323 million from $307 million.The segment that includes Reuters News had $73 million of revenue, down from $74 million in the third quarter of 2015.Thomson Reuters originated in Canada and owned a national chain of newspapers before it diversified and evolved into an information services provider to the financial, legal and other professional communities.It also owns Reuters — one of the world’s largest news organizations — which was acquired by Thomson Corp. in 2007. The Thomson family, through its private holdings, continues to be majority owner of the Globe and Mail but the publicly traded company Thomson Reuters no longer owns newspapers.
After Qualification Phase 2 will be finished, the final tournament draw will take place on 15 June 2011 in Belgrade.The sixteen qualified teams – 14 from the qualification plus Serbia as hosting nation and France as title defenders – will be drawn into four Preliminary Round groups of four teams each.The draw event will be broadcast live on television and also be available as a live web stream here on the official website.Inspections and workshopsOn 14-16 March 2011 a delegation of the European Handball Federation will visit Serbia. In collaboration with the Serbian organising committee further workshops according to the project plan will be carried out. The sessions also involve inspections of the sports centres.Source: EHF ← Previous Story EHF EURO 2012 Qual. (Round 3): Croatia win in “Don Quijote” Arena Next Story → Men’s EURO 2012 Qual. (Round 4): Hungary and Croatia already in Serbia!