| Individuals in Credit Crisis Turning to Credit Piggybacking to Avoid ...
SAN DIEGO, Oct. 24 /PRNewswire/ -- Individuals with adjustable mortgages whose payments have escalated beyond their means and whose credit scores are too low to refinance are now finding a creative way to keep from losing their homes to foreclosure. Commonly referred to as credit piggybacking, the method has been used since credit cards were created and has been in practice on a large scale for the past year. According to Ted Stearns, owner of TradeLine Solutions, Inc., a San Diego company offering the service, the practice enables individuals to improve their credit scores approximately 200 points within 30 days. The company offering the service maintains a portfolio of trade lines, or credit accounts that have perfect payment histories. The accounts can never have a late payment for 10 years.
Foreclosures on rise in N.H., nationally
The number of home foreclosures in Rockingham County are increasing, following the national trend. In the county, the number of foreclosures in September were 33, compared to 19 in September a year ago, according to information released by Real Data in Manchester, publisher of the Registry Review, an independent statewide newspaper. The total number of foreclosures in New Hampshire from January through September of this year were 1,381, compared to 653 the year before, according to Real Data. RealtyTrac, a data tracking company out of California, offered different figures for Rockingham County and the state, but the figures showed the same steady upward trend since February. For the county, the number of home foreclosures jumped from three in January, an average in 2006, to eight in February 2007; 25 in March; 92 in April and again in May; 108 in June; 40 in July; 127 in August; and 163 in September.
Cameron In Street Crime Pledge
Tory leader David Cameron has pledged to scrap restrictions on controversial police stop-and-search powers in a bid to reduce gun and knife crime. He said there needed to be "far more" on-the-spot action and pledged to take on critics who argue the tactic alienates ethnic minorities who are more likely to be stopped. In an interview with The Sun newspaper, he argued black and Asian youngsters would benefit most from a tougher regime as they were the ones being stabbed and shot. He told the newspaper: "This is a moment in our history when we have to wake up, sit up and have massive social, political and cultural change. "We are never going to deal with it unless we free the police to do far more stopping and far more searching. I am quite clear the current rules have to go." He added: "Stop and search rules were put in place to protect young black and Asian British kids.
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