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Has it been over five years since GMP Capital acquired private equity shop Edgestone Capital Partners? Indeed, that marriage is about to end, if the rumours are true. It sounds as though the original Edgestone leadership team of Sam Duboc, Stephen Marshall and Gil Palter is about to re-acquire the firm, leaving the promote behind for GMP. For those of you who are newer to the business, GMP paid $152.5 million in cash/stock for Edgestone back in the day; $62 million of that was in cash, and the balance was in stock at $22.50/share.

As was reported at the time in the National Post:

Edgestones later-stage private-equity funds, for example, have delivered an approximate 60% annual return since inception, said Gilbert Palter, managing partner and chief investment officer at Edgestone. Besides Hair Club, notable investments included waste management firm BFI Canada, which generated a return of more than four times Edgestones invested capital in under two years after BFI converted into an income trust.

With numbers like that, one can see why GMP wanted to do the deal.

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| Tags: Edgestone, Edgestone Going
Posted January 13, 2012 by Imogen Lay under Credit Report Tips

There are a number of leading credit cards having rewards available in the market. When talking about the rewards, a large number of the cards have become associated themselves with vendors together with other businesses. Once you get your goods from the institution or retailer which is involved themselves with your card, you then get the choice to secure bonus points or reward points. Several premier credit cards have become associated themselves with a number of the prominent airlines to offer you incentives for your future airline ticket. They as well grant many air miles cards wherein you can acquire air miles on them and you might choose the carrier you choose to fly with.

As opposed to other cards they have aggressive interest rates and fees and several of the cards they offer are zero-percent initial rate once you buy and balance transfers although you can’t have a reward for it on balance transfer. Read more…

| Tags: Credit Cards, Rewards
Posted January 9, 2012 by Brayden Laura under Credit Report

The FACT act is short for the Fair and Accurate Credit Transactions act. Its a mouthful, I know, but what does it mean, and why should you care about it? Good questions, and honestly its important and I wish more people knew about it and more importantly used it!  In a nutshell the FACT act is the legislation that enables all US citizens free access to there credit reports once per year. It also put in some provisions to help prevent identity theft.

This legislation was passed in 2003, and still only a handful of people know about it and take advantage of it.  There are a few very important sections of the FACT act here are the highlights. First is the creation of Annualcreditreport.com this is the site that was created to allow access to all three of your credit reports once per year. Consumers can log in and see their reports from Tansunion, Experian, and Equifax, what you do not get is your score. T

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| Tags: Act, Fact Act
Posted January 9, 2012 by Amelie Hampton under Bankruptcy Articles

Recently, a great deal has been written regarding Citizens Property Insurance Corporation’s replacement cost value (RCV) calculation methodology. It seems that, in some cases, Citizens is grossly overestimating the cost to replace a home following a disaster. Consumer advocates decry this practice as nothing more than a backdoor rate increase following the denial of Citizens’ proposed 2000% rate increase a few short months ago. Predictably, insurance industry backers have called these increases necessary and appropriate.

While it is true that under the standard ISO homeowners policy homes must be insured to at least 80% of their value to avoid penalty, the current estimations seem unreasonable.

An article recently published in the Tampa Tribune cited such a case:

Joe Freitas thought $109,000 was a good deal on his new home. His

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| Tags: Citizens, Citizens Miscalculation
Posted January 4, 2012 by Imogen Lay under Credit Report Tips

According to Fitch Ratings, mortgage arrears in Australia had declined midway through the year as interest rates on home loans especially fixed rate home loans began to come down.

Figures released to the market yesterday show that mortgage arrears were down to 1.42% of all home loans in September, after being recorded in May this year at 1.77%.

Fitch Ratings believe that greater stability in the interest rates is mostly responsible for this decline.

While overall home loan arrears and default levels improved in all states, localities still doing it tough included Sydneys south-western suburbs, the NSW Central Coast and the Gold Coast in Queensland.

The south-west of Western Australia was likewise still among the regions with higher delinquencies, and tourism destinations in coastal locations were increasingly in arrears.

| Tags: Arrears, Mortgage Arrears
Posted January 3, 2012 by Amelie Hampton under Bankruptcy Articles

The number of consumer bankruptcy filings have fallen in the United States in 2011 compared to 2010.

According to the American Bankruptcy Institute, the number of consumer bankruptcy has fallen 17 percent from 130, 329 to 108,517. This number is also down 10 percent from where they were at the start of the year.

The report has been based on data calculated by the National Research Center. From August to September, the number of consumer bankruptcies fell by 4 percent. Although these numbers have decreased there are still concerns with the U.S unemployment rate.

| Tags: Bankruptcy Filings, Consumer Bankruptcy, Consumer Bankruptcy Filings, Filings
Posted January 1, 2012 by Brayden Laura under Credit Report

When it comes to credit card debts it seems that even the rich and famous are not safe.

American Express is in the midst of suing Rapper Nelly real name Cornell Iral Haynes Jr., for upwards of $20,000 in unpaid credit card debts.

American Express filed a lawsuit back in October seeking payment of a $20,403.64 credit card bill and an additional $3,000 in attorneys fees.

The credit card issuer claims that the star failed to pay his credit card bills. The court hearing is currently scheduled for January 9, 2012 and it looks like Nelly will be starting the new year with a huge bill to face.

This is not the first time that American Express has set their sights on the debts of celebrities. Last month the credit card issuer hit Hollywood actor Wesley Snipes with a lawsuit claiming that the Blade star owed almost $30,000 in credit card debts.

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| Tags: Card Debts, Credit Card, Credit Card Debts, Debts
Posted December 31, 2011 by Imogen Lay under Credit Report Tips

People like Marco Carbajo observed this frightening trend and decided to do something about it. He and his partners founded UCan2 Opportunity, Inc., a network marketing company offering financial solution services. Our mission, says Carbajo is to provide comprehensive financial solution programs and services to individuals and families. We want to bring them a level of financial security they thought theyd never see againwithout declaring bankruptcy.

UCan2 aims to help families and individuals achieve financial independence with their honesty, integrity, and dignity intact. They fulfill this mission through three different methods: education, financial solutions, and home-based business opportunity.

The founders of UCan2 are some of the leading network marketing experts and highly experienced professionals on credit restoration, credit scores, debt management, debt negotiations, debt settlement, tax relief, mortgages, and student loans.

UCan2 represents a family of financial solutions companies that help their clients resolve credit, debt, and money problems through innovative financial solutions.

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| Tags: Company, Company Offers
Posted December 14, 2011 by Imogen Lay under Credit Report Tips

It is important to monitor your credit during no credit auto loans

Your credit repair

When youre financing with a problem credit auto loan its always a good idea to keep track of your credit repair efforts.

Quite often weve seen how this can help as weve been involved in bad credit car sales for twenty years here at Auto Credit Express. We even created a web site so applicants can learn about issues such as buy and pay here loans and bankruptcy, as well as todays topic, credit monitoring during horrible credit auto loans.

Watching your credit

Other than making your payments on time, during a bad credit auto loan there is something else you can do to make sure your credit scores improve.

All three credit bureaus plus sites like offer services that will monitor your credit. The cost to watch a single bureau typically starts at around $6.95 a month while youll be charged $12.95 or more to monitor all three.

Optional services can include score monitoring, reports with scores, score watch, score power and credit watch.

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| Tags: Auto Loans, Credit Auto, Credit Auto Loans, Loans
Posted December 12, 2011 by Amelie Hampton under Bankruptcy Articles