Difference between revisions of "User:RahalMccall69"

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(Gallagher- Credit scorer goes easier on medical debtors - Business)
(McGrath- Goodell is lying or foolish, and neither is good)
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Should you happen to be hit by a bus today, expect three forms of misery.1. It will hurt.2. You鈥檒l be off work, and probably lose pay.3. You鈥檒l face big medical bills, <a href=http://www.symbiose.ca/images/christianlouboutin.gwij.php>Christian Louboutin Sale</a>  and that may wreck your credit.Since you didn鈥檛 plan to be hit by a bus, you may not be able to pay those medical bills on time and they鈥檒l end up with collection agencies.To the computers that make most credit decisions, your moment of bad luck makes you look like a deadbeat. You鈥檒l be sentenced to seven years of credit purgatory 鈥?banned from the better deals on mortgages, auto loans and credit cards.The good news here is that FICO no longer thinks that鈥檚 proper, and FICO carries some clout. It is the nation鈥檚 main credit scoring company. Its latest credit scoring revision 鈥?due for release this fall 鈥?gives less weight to delinquent medical debt.Someone whose only black mark is medical debt would see their scores rise 25 points, FICO says.The system has a gift for other troubled consumers too: It ignores all debt that went to a collection agency but was later paid in full. No longer would it curse your credit for seven years.Debtors, however, should not break into cheers. Lenders will be very slow to adopt the new FICO model, and some probably never will.Fannie Mae and Freddie Mac, which dictate the rules for conventional mortgages, still haven鈥檛 adopted FICO revisions made in 2009. Many other lenders haven鈥檛 either.鈥淚t will have no effect in the very short term,鈥?said , director of consumer education at Credit.com and an author of books on consumer credit. 鈥淥ver time, hopefully, it will offer change for consumers.鈥漈hat鈥檚 sad, because a single collection account can destroy a credit score.The federal Consumer Financial Protection Bureau says a credit score of 780 would drop to 665 with one debt referred to collectors. That would turn a borrower with sterling credit into an outcast who would have a hard time landing a decent conventional mortgage.Medical <a href=http://capstone.edu.sg/images/guccioutlet.onlinesalecc.php>Gucci Shoes</a>  debt blindsides people. Families don鈥檛 budget for heart attacks.Employers spent the past decade raising deductibles and co-pays, so health insurance is paying less. A family can fall behind on the bills.Add to that the ridiculous complexity of medical billing and health insurance. Sick people often can鈥檛 tell what they owe and what the insurance company should pay.鈥淧eople will find a medical debt in collection without realizing they ever owed it,鈥?said FICO spokesman Anthony Sprauve.Someone caught in that mess is not a deadbeat. When the crisis passes, they鈥檒l catch up on what they owe.鈥淥ur analysis of the data shows that if unpaid medical debt is the only negative, it is not an indication of financial trouble or inability to pay debts. It鈥檚 an anomaly,鈥?Sprauve said.In fact, that鈥檚 just what the U.S. Consumer Financial Protection Bureau concluded last May in a report that urged lenders to treat overdue medical debt more kindly.It鈥檚 a little harder to understand why FICO is now forgiving people who defaulted on other debts but later paid them off. If someone fell behind once, aren鈥檛 they more likely to default again?Not if they have paid it off, according to FICO. 鈥淭hat typically means there are improving their financial situation and heading for a better place,鈥?Sprauve said.VantageScores, FICO鈥檚 smaller competitor, made that same decision last year. FICO contends it has 90 percent of the credit score market.So, if all this makes sense, why aren鈥檛 <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors handbags</a>  lenders hurrying to adopt it?Partly it鈥檚 caution. FICO just sent its new formula to the three big credit agencies 鈥?TransUnion, Equifax and Experian. They鈥檒l check it against their own data to see if it better predicts defaults.Then they鈥檒l pass it on to their lender clients, who may or may not adopt it. Many have their own tweaks on FICO scoring systems, and they鈥檒l want proof that the new method is better than what they鈥檙e using.Acceptance is not a slam dunk. Some lenders think it may let true deadbeats slide by.鈥淭here is a form of unpaid medical debt that is not related to a life event; it relates to weak, irresponsible consumer debt servicing behavior,鈥?Tom Showalter, chief analytics officer at Digital Risk, a large loan processor, noted in a statement. 鈥淪uch a consumer is not all that different from one who charges a credit card and then fails to pay.鈥?
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Roger Goodell is either a liar or a dunce. Those are the only conclusions to be drawn from the NFL commissioner s fumbling of an internal investigation that went awry from the snap. Goodell maintains he never saw the videotape of Ray Rice s knockout punch of a defenseless woman in a casino elevator until Monday. Really? The most powerful executive of the world s most formidable pro sports organization didn t have access to a tape eventually obtained by a celebrity-gossip website? Goodell s insistence is difficult to believe, but at least it helps explain his initial, astonishingly tone-deaf response to the events of Feb. 15, when Rice was seen dragging an unconscious Janay Palmer out of an elevator door.Goodell determined a two-game suspension of the Baltimore Ravens running back to be appropriate. Sitting out two games, Goodell explained, is consistent with the league s policy of punishing players with no previous history of domestic violence . We just can t make up the discipline, Goodell <a href=http://www.museosangennaro.com/Public/anel.php> Christian Louboutin Shoes Outlet</a>  said on Aug. 1. It has to be consistent with other cases. What I want to see is success stories. I want to see people, when they make a mistake, I want to see them take responsibility and accountability for it and a make a difference going forward. I think that s what Ray Rice is going to do. After TMZ Sports made the tape of Rice s mistake available to the public, after the tape sickened anybody with a grasp of civility, the commissioner changed his tune. Instead of envisioning Ray Rice as a potential success story, Goodell finally saw a creep unfit to draw an NFL paycheck and suspended him indefinitely. Did Goodell tell the truth about <a href=http://capstone.edu.sg/images/guccioutlet.onlinesalecc.php>Gucci Shoes</a>  rendering judgment on Rice before TMZ released the tape? Despite my doubts, I will take him at his word. Which brings us to an equally harsh assessment of Roger Goodell: an incompetent nitwit who makes Barney Fife s tenuous stewardship of the Mayberry Jail seem like James Bond at his Cold-War coolest. Goodell is the front-office face of a league that regulates the length of its players socks, the color of their shoes, the demeanor of their touchdown celebrations. Behind the scenes, off the field, the the NFL employs a security force second to none. Gambling is an obvious concern, because even the most obscure name on a roster some special teams guy can affect a point spread. But there are other challenges confronting NFL security: Drug deals, death threats, players with childhood gang ties and, yes, players whose hard-wired appetite for physical confrontation sometimes leads to violence at home or in an elevator at a casino. The job of monitoring all of this belongs, essentially, to former cops with elite FBI and DEA credentials or, in the case of league security chief Jeffrey B. Miller, a r sum assembled as head of Pennsylvania State Police the ninth largest police organization in the U.S, with 400 enlisted and civilian employees operating from a $750 million budget. Put it this way: If you once were late with a third-grade homework assignment, it would take NFL security about 12 minutes to produce the evidence.And yet, Roger Goodell didn t know about the videotape TMZ made public Monday? He didn t wonder <a href=http://capstone.edu.sg/images/guccioutlet.onlinesalecc.php>Gucci Outlet</a>  if the casino that had a camera showing Rice dragging a woman from an elevator car also might have camera in the elevator car itself?Goodell, as judge and jury, reached a verdict regarding Rice based on inclusive information: A two-game suspension for a first offender. Let s not overreact, the commissioner said. This is a potential success story about a flawed man willing to take responsibility for a mistake that left a woman his fiancee and future wife on the floor. It was an awkward attempt to turn a harrowing incident into something upbeat, and the saga now turns towards the corruption associated with a scandal.The information was there. A bully threw a punch so hard it knocked a woman senseless, and the commissioner all but waved it off: Hey, we all have bad days, let s focus on doing better going forward. Please. Ray Rice is out of a job good riddance but Roger Goodell needs to be out of his job, too. He s either a liar or a dunce, take your pick, and there s only one other option on the board: He s both.

Revision as of 07:55, 29 September 2014

@@@ Roger Goodell is either a liar or a dunce. Those are the only conclusions to be drawn from the NFL commissioner s fumbling of an internal investigation that went awry from the snap. Goodell maintains he never saw the videotape of Ray Rice s knockout punch of a defenseless woman in a casino elevator until Monday. Really? The most powerful executive of the world s most formidable pro sports organization didn t have access to a tape eventually obtained by a celebrity-gossip website? Goodell s insistence is difficult to believe, but at least it helps explain his initial, astonishingly tone-deaf response to the events of Feb. 15, when Rice was seen dragging an unconscious Janay Palmer out of an elevator door.Goodell determined a two-game suspension of the Baltimore Ravens running back to be appropriate. Sitting out two games, Goodell explained, is consistent with the league s policy of punishing players with no previous history of domestic violence . We just can t make up the discipline, Goodell <a href=http://www.museosangennaro.com/Public/anel.php> Christian Louboutin Shoes Outlet</a> said on Aug. 1. It has to be consistent with other cases. What I want to see is success stories. I want to see people, when they make a mistake, I want to see them take responsibility and accountability for it and a make a difference going forward. I think that s what Ray Rice is going to do. After TMZ Sports made the tape of Rice s mistake available to the public, after the tape sickened anybody with a grasp of civility, the commissioner changed his tune. Instead of envisioning Ray Rice as a potential success story, Goodell finally saw a creep unfit to draw an NFL paycheck and suspended him indefinitely. Did Goodell tell the truth about <a href=http://capstone.edu.sg/images/guccioutlet.onlinesalecc.php>Gucci Shoes</a> rendering judgment on Rice before TMZ released the tape? Despite my doubts, I will take him at his word. Which brings us to an equally harsh assessment of Roger Goodell: an incompetent nitwit who makes Barney Fife s tenuous stewardship of the Mayberry Jail seem like James Bond at his Cold-War coolest. Goodell is the front-office face of a league that regulates the length of its players socks, the color of their shoes, the demeanor of their touchdown celebrations. Behind the scenes, off the field, the the NFL employs a security force second to none. Gambling is an obvious concern, because even the most obscure name on a roster some special teams guy can affect a point spread. But there are other challenges confronting NFL security: Drug deals, death threats, players with childhood gang ties and, yes, players whose hard-wired appetite for physical confrontation sometimes leads to violence at home or in an elevator at a casino. The job of monitoring all of this belongs, essentially, to former cops with elite FBI and DEA credentials or, in the case of league security chief Jeffrey B. Miller, a r sum assembled as head of Pennsylvania State Police the ninth largest police organization in the U.S, with 400 enlisted and civilian employees operating from a $750 million budget. Put it this way: If you once were late with a third-grade homework assignment, it would take NFL security about 12 minutes to produce the evidence.And yet, Roger Goodell didn t know about the videotape TMZ made public Monday? He didn t wonder <a href=http://capstone.edu.sg/images/guccioutlet.onlinesalecc.php>Gucci Outlet</a> if the casino that had a camera showing Rice dragging a woman from an elevator car also might have camera in the elevator car itself?Goodell, as judge and jury, reached a verdict regarding Rice based on inclusive information: A two-game suspension for a first offender. Let s not overreact, the commissioner said. This is a potential success story about a flawed man willing to take responsibility for a mistake that left a woman his fiancee and future wife on the floor. It was an awkward attempt to turn a harrowing incident into something upbeat, and the saga now turns towards the corruption associated with a scandal.The information was there. A bully threw a punch so hard it knocked a woman senseless, and the commissioner all but waved it off: Hey, we all have bad days, let s focus on doing better going forward. Please. Ray Rice is out of a job good riddance but Roger Goodell needs to be out of his job, too. He s either a liar or a dunce, take your pick, and there s only one other option on the board: He s both.

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