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So very proud of our players, all Texas student-athletes, our entire student population and university leadership. They will forever be known for being responsible for tangible, positive change on our great campus. Today is a great first step. #HookEm ???? https://t.co/ftYQpgPk3G— Coach Tom Herman (@CoachTomHerman) July 13, 2020 338
Some credit mistakes are a lot worse than others. Little ones, like paying a credit card bill a day late, may cost you a penalty fee, but that’s a relatively minor irritation — it’s not going to stand between you and a mortgage. Other seemingly small slip-ups can lead to full-fledged disasters.What makes a credit mistake haunt you?Some things can be reversed quickly. Running up credit card bills can tank your credit score, for instance, because the portion of your credit limits you’re usingis weighed heavily in credit scoring. But when you pay down the debt, the damage disappears as lower balances get reported to the three major credit bureaus, Equifax, Experian and TransUnion.Mistakes that have long-running ripple effects hurt the most, says credit expert John Ulzheimer. A late payment, for example, can get sent to a collection agency, then perhaps grow into a repossession or bankruptcy. Those batter your credit and stay on your credit record for years. Likewise, co-signing a loan for someone who is later unable to pay can hamstring your finances for a long time.Common mistakes that can hurt your financesMissing a payment: A payment that’s a little late might cost you a penalty fee, but your credit score won’t suffer because creditors can’t report your account as delinquent until it’s 30 days past due. If you have a high score, going 30 days late can knock as much as 100 points off your score — and it stays on your credit report for seven years. The damage gets worse if you let the account slide to 60 days past due, 90 days past due or more. Your score can recover, but it will take time. Catching up on that account, and keeping all other payments up to date and balances low, can help.Raiding retirement funds to pay debt: Most people don’t want to file for bankruptcy. Almost half of Americans say they would not file no matter how much credit card debt they had, according to a recent study commissioned by NerdWallet. Bankruptcy attorney Roderick H. Martin of Marietta, Georgia, says some of his clients have tapped — or even emptied — retirement savings in a desperate attempt to stay afloat. That often just delays the inevitable — “then they turn around and file for bankruptcy,” he says. Retirement savings are typically protected in bankruptcy, but money already withdrawn cannot be recovered.Co-signing a loan: Aaron Smith, a financial planner in Glen Allen, Virginia, says co-signing so a friend or relative can get credit is often a mistake. “My personal and professional opinion is if they can’t get it on their own, there must be a problem,” he says. If the primary borrower doesn’t pay as agreed, it can leave both your relationship and your credit in tatters. Even if the borrower repays as agreed, remaining on the loan can limit your borrowing capacity. Before you co-sign, ask if you can be taken off the loan at some point.Sometimes doing nothing is the mistakeWe may think we’re too busy to trouble ourselves with fine print or financial chores. Either can come back to bite us.Not checking your credit: “I think checking your credit is like going to your dentist for a cleaning,” says Elaine King, a certified financial planner and founder of the Family and Money Matters Institute. “You need to make a habit of doing it. If you wait too long, there can be some rotten stuff there.”A credit report isn’t exciting reading; it’s a summary of your past handling of credit. But “boring” is what you want — anything you didn’t expect to see is worth investigating in case it’s an error or a sign of fraud. Through April 2021, you can get a free credit report weekly from the three major credit bureaus by using AnnualCreditReport.com. Plan to check at least annually, and more often is better.Ignoring the details: Not knowing your credit cards’ interest rates or when a 0% interest rate ends can cost you.Knowing interest rates can tell you which card to use when you’re paying for a new transmission and need to carry that balance for a while, for instance. Knowing when a teaser rate ends can help you ensure you’ve paid off the balance by then. It’s important to read the fine print. Some cards — primarily store cards — charge deferred interest if there is still a balance at the end of the introductory period. That means the “savings” from the teaser rate are added to your balance, wiping out any benefit.This article was written by NerdWallet and was originally published by The Associated Press.More From NerdWalletSmart Money Podcast: Remote Work Burnout and Saving for CollegeI Refinanced My Mortgage. Here’s What Happened to My Credit ScoreA New Set of Shopping Tips in the PandemicBev O’Shea is a writer at NerdWallet. Email: boshea@nerdwallet.com. Twitter: @BeverlyOShea. 4739
Starbucks announced in a press release Tuesday that it will close 8,000 company-owned stores in the United States on May 29 in order to provide its staff with mandatory racial-bias education.The stores will be closed during afternoon hours that day. At that time, employees will be required to attend a training session that will address "implicit bias, promote conscious inclusion, prevent discrimination and ensure everyone inside a Starbucks store feels safe and welcome."The press release states that the program will be developed with "national and local experts on confronting racial bias," along with NAACP officials and former Attorney General Eric Holder.The announcement comes just days after two black men were arrested at a Philadelphia Starbucks. The police were called because the men chose not to order anything. The men were later released when the company chose not to press charges.Starbucks CEO Kevin Johnson apologized for the arrest on Monday, calling the situation "reprehensible.""Starbucks stands firmly against discrimination or racial profiling," Johnson said. 1109
Several media outlets are reporting that the Federal Trade Commission is gearing up for a possible antitrust lawsuit against Facebook.According to the Wall Street Journal, the FTC has investigated Facebook for more than a year over concerns the social media gobbled up its competition.In July, CEO Mark Zuckerberg testified in a House Judiciary Committee hearing if his company violated antitrust laws when it acquired Instagram and WhatsApp.In June 2019, the FTC leveled a billion penalty against the company for privacy violations, Bloomberg reported.In Nov. 2011, Facebook settled with the FTC over charges it deceived consumers. 643
SPRING VALLEY, Calif. (KGTV) - Surveillance video captured intruders surprised by an alarm during a burglary in Spring Valley Wednesday night.The break-in unfolded in Eva Bradley's home off Paradise Valley Road while she was at work. "I'm sad, upset and angry." said Bradley.Just before 11 p.m., a guest bedroom window was forced open. A surveillance camera was rolling in the bedroom of Bradley's 8-year-old son, who was not home. "Scary, scary. Just glad we weren't home. Such as violation," said Bradley.In the video, a person is seen shining a flashlight in the dark. He leaves and another intruder, wearing a hoodie, enter the room and opens a drawer. Moments later, the camera is struck and falls over. Soon after in the living room, the burglar with the flashlight - now toting a bag - is sneaking through the room before he triggers the motion sensor and the alarm. He and another figure then run out of the room.The break-in was cut short, but the thieves made off with iPads and jewelry, including a gold and diamond-shaped ruby ring which Bradley's grandmother wore every day before she died."I didn't get a chance to say goodbye before she passed away ... It's the only physical thing I have to remember her by," said Bradley. Bradley is likely not the only victim. A short time later, a person resembling the thief with the hoodie was recorded in the same area, ringing a doorbell and likely looking for another target. The thieves also fit the description of car burglars who have hit the neighborhood in recent weeks.Anyone with information is asked to call Crime Stoppers at 888-580-8477. 1612