| Volume 141 Number 46 |
Subscribe to the Newsletter
Forward this news alert to your family and friends
Helpful Links
Texas Consumer Complaint Center
Credit Reports and Identity Theft
Your Guide to Small Claims Court
Contact Us
1-713-743-2168
The People’s Lawyer’s Tip of the Day
Complaints from consumers help the FTC detect patterns of fraud and abuse. The Complaint Assistant will help guide you. Click here for more.
Study Shows Older Consumers Have Higher Credit Scores
When LendingTree set out to discover who has the best credit scores in America, it found that the older you are the more likely you are to look better to the credit reporting agencies. When it broke down its survey of consumers by generations, it found the silent generation – people born before 1946 – have the best credit scores with an average of 734. The next best scores belong to baby boomers, the next-oldest generation. Boomers have an average credit score of 696, which is considered “good.” Next in line is GenX, with an average score of of 653, which is slipping into the “fair” category. Millennials have the lowest average credit score, 634 – also in the “fair” range. Click here for more.
Your Money
So you’ve frozen your credit. Congratulations! You’ve made it much harder for criminals to open credit accounts under your name. The trouble is, this also means you can't do many things that require access to your credit report. Want to switch cell-phone carriers? Need to rent a larger apartment for your growing family? Both could be impossible if prospective landlords or vendors can't see what's in your credit history. Click here for more.
For the Lawyers
Kentucky prohibits mandatory arbitration as a condition of employment. The Kentucky Supreme Court has outlawed mandatory arbitration agreements that require applicants or employees to sign if they want to be hired or remain employed, making Kentucky the first in the nation to do so. The ruling should send shockwaves through the state and cause many employers to immediately change a very common business practice. The real question, however, is whether the decision will stand with Supreme Court precedent and premption? Northern Kentucky Area Development Dist. v. Snyder Click here for more.