Insight News

Sunday
Apr 20th

Business

So much more than a credit score…

So much more than a credit score…Early in my career, I remember sitting down with a family to help them prepare for buying a home. I asked them how their credit was, and the husband replied, “Our credit is very good. The creditors aren’t knocking on our door.”  

My first instinct was to laugh with him, until I realized that he was very serious. As I look back, I understand why he would be confused. Many of us are misinformed when it comes to credit. For starters, being in “good standing” with your lenders does not always indicate that you have good credit. What’s even more surprising, having a strong credit score doesn’t readily mean that you are desirable to lenders.

Confusing?  Let’s break it down.
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Dayton addresses liquidity crisis

Dayton addresses liquidity crisisALANA (African, Latino, Asian and Native American) community leaders commend Governor Dayton for small business lending initiative to improve capital access and call for attention to the liquidity crisis in ALANA communities.

ALANA community leaders commended Governor Dayton for the launch of the $100 million Small Business/Banking Partnership. They viewed the initiative as an important step towards addressing the major challenges facing ALANA entrepreneurs.

At the same time they recognized that unless banks change their lending behavior towards ALANA entrepreneurs nothing much will change in the experience of poor capital access by these entrepreneurs. The community leaders were concerned at recent statements that "liquidity" is not the major issue of entrepreneurs when it has been well documented, especially in the recent disparity studies at the state and city levels, that ALANA entrepreneurs face significant barriers in their access to capital.
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Career RoundAbout: Detour? Or Excellent Shortcut?

Career RoundAbout:  Detour? Or Excellent Shortcut?When Rachel asked me to help her husband find a job, I said no.  You who know me know, I rarely say no.  Especially to a challenge.  But I told her, Pops (not his name, but what we call him) never does what I tell him to do.  Everyone knows someone who won’t be moved.  For example, I can get a CFO to change a budget item, but I can’t get my kid to drink orange juice.  Put Grandma in the kitchen, and my son is quickly half-tanked on Minute-Maid.

We applied the Grandma theory to a discussion about, Who can help Pops?  We settled on a mutual friend.  I would pass the information along to the buddy, and the buddy would share the suggestions with Pops.  This sounds complicated, but sometimes an indirect route is the best way to achieve results.  In fact, most career plans now involve roundabouts.
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Governor's $100 million for small business and the liquidity crisis in ALANA communities

ALANA (African, Latino, Asian and Native American) community leaders commend Governor Dayton for small business lending initiative to improve capital access and call for attention to the liquidity crisis in ALANA communities.

ALANA community leaders commended Governor Dayton for the launch of the $100 million Small Business/Banking Partnership. They viewed the initiative as an important step towards addressing the major challenges facing ALANA entrepreneurs.
Read more...

Power to the people

I’ve got some great news for you. And it flies in the face of the steady stream of negative stories and statistics you’re consistently bombarded with about African-Americans. But here it is: African-Americans are an economic force to be reckoned with, spending more than $967 billion a year.  With a buying power that is expected to reach $1.1 trillion annually by 2015, if African-Americans were a country, we’d be the 16th largest country in the world – bigger than Turkey, Australia and Taiwan.
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What consumers need to know when buying a remote starter

Remote starter information and tips from the automotive aftermarket experts at Ziebart highlight what consumers need to know when purchasing a remote starter.

No matter the weather, remote starters are convenient for all seasons! Warm up your car on those frigid winter days from your home or office and watch the snow and ice melt away. The same idea of convenience goes for those scorching summer days where the heat rises to unbearable temperatures inside your vehicle. Simply hit your keyless entry remote and with one touch of a button, drive off in a cooled down car or truck.
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TO: Shoppers, FROM: Walmart — A Christmas price guarantee

It’s a Christmas nightmare for shoppers:  They buy a present or something nice for their family and three weeks later find it on sale somewhere else. Bah, humbug!

This year, Walmart turns that nightmare into a holiday dream with the Christmas Price Guarantee. Here’s how it works: If a customer buys an eligible product at Walmart anytime between Nov. 1 and Dec. 25, and then finds that same product advertised for less at another store, Walmart will give the customer a gift card for the difference through Dec. 25. Guaranteed.
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