Canadian gold-medalist arrested, charged with kidnapping

Wednesday, December 27, 2006

Canadian gold-medalist Myriam Bédard is facing a January 5 extradition hearing from the United States, after she was arrested and charged with abducting her 12-year old daughter Maude. The Biathalon athlete is arguing she should be allowed to return to Canada on her own.

Bédard had taken her daughter to Washington D.C. with her new husband, Nima Mazhari, on October 2, violating the terms of her divorce settlement from Biathalon coach Jean Paquet. Mazhari, who is a sculptor, was charged with the unrelated theft of $100,000 worth of paintings last year.

Paquet filed a report with the Sûreté du Québec on December 8, stating that Bédard had violated the divorce terms, and an international arrest warrant was issued.

On December 20, the case was brought to the attention of Interpol, and two days later the United States Marshals Service announced her arrest in Columbia, Maryland, at a hotel celebrating Maude’s 12th birthday. Maude was taken into the custody of the Marshals Service for three days, before being returned to her natural father.

Defence attorney John Pepper is arguing that the United States should be obligated to release Bédard on bail as she hasn’t been formally charged with any crime, pending her extradition to Canada, where she faces two charges, child abduction and violating a custody order.

Pepper is also arguing that the three-time Olympic medalist was seeking refuge from “bureaucratic terrorism” in Canada, a claim that Bédard made in a letter she sent to the International Olympic Committee, Kofi Annan and US ambassador David Wilkins explaining why she was leaving Canada.

Bédard gave testimony during the Sponsorship scandal, where she stunned the courts by alleging that advertising firms had been engaged in narcotics trafficking, that her current husband was responsible for the decision not to send the Canadian Forces to Iraq, and that Formula One driver Jacques Villeneuve had been paid $12 million to wear a Canadian flag, claims that were not verified by other sources.

Bédard is facing growing doubts about her mental state, which her attorney says are attempts to “belittle” her, due to personal grudges and her role in the scandal.

Sesame Street to promote healthy lifestyles

Monday, April 11, 2005

PBS has recently decided it was time their Cookie Monster was sent on a diet. Sesame Street‘s cookie-loving Muppet icon developed a sudden interest in vegetables, as part of PBS’s drive to instill a healthy lifestyle in children.

The blue furry monster’s makeover comes as part of a larger plan, introducing additional characters as well. Intended new cast members include talking eggplants and carrots, among others.

According to the Sesame Street Muppet Bios, “This season, Cookie Monster learns a lot about health and nutrition. Hoots the Owl explains in a song that ‘A Cookie is a Sometimes Food,’ and he joins Wyclef Jean in a rap song, ‘Healthy Food’.”

Every other day, health will be the focus of the shows. In addition, every other day there will be segments dealing with health/nutrition. There will be a “Health Moment” at the top of every show featuring special guests, celebrities and Sesame Street characters.

The producers of the show insist that they are not asking small children to go on a diet.

“We would never use the word ‘diet’ with pre-schoolers,” a spokeswoman told The New Zealand Herald.

Wikinews Shorts: December 4, 2008

A compilation of brief news reports for Thursday, December 4, 2008.

On December 2, the Toronto city council voted in favor of banning the sales and distribution of bottled water on city property. The council also agreed to provide public drinking fountains on their properties, as well as on a measure that would make shoppers pay at least five Canadian cents for plastic grocery bags and force business owners to offer reusable bags and carry-out containers.

“Toronto’s decision to ban the bottle and turn on the tap sends a clear message that bottled water’s 15 minutes are up,” said Polaris Institute’s campaign coordinator, Joe Cressy.

All of the city’s facilities should be following the water ban by 2011, while businesses will have to implement their bag fees by 2010. Toronto has become the largest city in the world to ban bottled water on government property.

Related news

  • “Calls for bottled water bans grow in Canada” — Wikinews, August 23, 2008

Sources


On Tuesday, American actor, Patrick Swayze, who suffers from pancreatic cancer, denied reports that he was near death. American tabloid National Inquirer reported on November 28 that Swayze’s cancer had spread to his liver and that he was preparing for his death.

“The only thorn in my side being that many tabloids have been consistently reporting lies and false information about me and those close to me,” said Swayze in a statement to the press who also added that he knows he is in “the fight for his life,” but that it is a fight that he “is winning.”

“I’m one of the lucky few that responds well to treatment,” added Swayze.

Swayze has starred in over a dozen films, including the 1987 hit film Dirty Dancing.

Related news

  • “Wikinews Shorts: November 28, 2008” — Wikinews, November 28, 2008

Sources


Asbestos controversy aboard Scientology ship Freewinds

Friday, May 16, 2008

Controversy has arisen over the reported presence of blue asbestos on the MV Freewinds, a cruise ship owned by the Church of Scientology. According to the Saint Martin newspaper The Daily Herald and the shipping news journal Lloyd’s List, the Freewinds was sealed in April and local public health officials on the Caribbean island of Curaçao where the ship is docked began an investigation into the presence of asbestos dust on the ship. Former Scientologist Lawrence Woodcraft supervised work on the ship in 1987, and attested to the presence of blue asbestos on the Freewinds in an affidavit posted to the Internet in 2001. Woodcraft, a licensed architect by profession, gave a statement to Wikinews and commented on the recent events.

According to The Daily Herald, the Freewinds was in the process of being renovated by the Curaçao Drydock Company. The article states that samples taken from paneling in the ship were sent to the Netherlands, where an analysis revealed that they “contained significant levels of blue asbestos”. An employee of the Curaçao Drydock Company told Radar Online in an April 30 article that the Freewinds has been docked and sealed, and confirmed that an article about asbestos ran in the local paper.

Lloyd’s List reported that work on the interior of the Freewinds was suspended on April 27 after health inspectors found traces of blue asbestos on the ship. According to Lloyd’s List, Frank Esser, Curaçao Drydock Company’s interim director, joined Curaçao’s head of the department of labor affairs Christiene van der Biezen along with the head of the local health department Tico Ras and two inspectors in an April 25 inspection of the ship. “We are sending someone so that they can tell us what happened, where it came from, since when it has been there,” said Panama Maritime Authority’s director of merchant marine Alfonso Castillero in a statement to Lloyd’s List.

The Church of Scientology purchased the ship, then known as the Bohème, in 1987, through an organization called Flag Ship Trust. After being renovated and refitted, it was put into service in June 1988. The ship is used by the Church of Scientology for advanced Scientology training in “Operating Thetan” levels, as well as for spiritual retreats for its members. Curaçao has been the ship’s homeport since it was purchased by the Church of Scientology.

According to his 2001 statement, Lawrence Woodcraft had been an architect in London, England since 1975, and joined Scientology’s elite “Sea Organization” (Sea Org) in 1986. He wrote that he was asked by the Sea Org to work on the Freewinds in 1987, and during his work on the ship “noticed a powdery blue fibrous substance approximately 1 ½” thick between the paint and the steel wall,” which he believed to be asbestos. He also discovered what he thought was blue asbestos in other parts of the ship, and reported his findings to Church of Scientology executives. Woodcraft discussed his experiences in a 2001 interview published online by the Lisa McPherson Trust, a now-defunct organization which was critical of the Church of Scientology.

The Freewinds regularly inspects the air quality on board and always meets or exceeds US standards.

Church of Scientology spokeswoman Karin Pouw responded to Radar Online about the asbestos reports, in an email published in an article in Radar on May 1. “The Freewinds regularly inspects the air quality on board and always meets or exceeds US standards,” said Pouw. She stated that two inspections performed in April “confirmed that the air quality is safe,” and asserted that the inspections revealed the Freewinds satisfies standards set by the United States Occupational Safety and Health Administration and the U.S. Clean Air Act.

Pouw told Radar that “The Freewinds will be completing its refit on schedule.” The Church of Scientology-affiliated organization Citizens Commission on Human Rights (CCHR) had been planning a cruise aboard the Freewinds scheduled for May 8, but according to Radar an individual who called the booking number for the cruise received a message that the cruise had been delayed due to ongoing work on the ship. Citing an article in the Netherlands Antilles newspaper Amigoe, Radar reported on May 6 that a team from the United States and supervised by an independent bureau from the Netherlands traveled to Curaçao in order to remove asbestos from the Freewinds.

…if the Church of Scientology claims to have removed the blue asbestos, I just don’t see how, it’s everywhere. You would first have to remove all the pipes, plumbing, a/c ducts, electrical wiring etc. etc. just a maze of stuff.

“I stand by everything I wrote in my 2001 affidavit,” said Lawrence Woodcraft in an exclusive statement given to Wikinews. Woodcraft went on to state: “I would also comment that if the Church of Scientology claims to have removed the blue asbestos, I just don’t see how, it’s everywhere. You would first have to remove all the pipes, plumbing, a/c ducts, electrical wiring etc. etc. just a maze of stuff. Also panelling as well, basically strip the ship back to a steel hull. Also blue asbestos is sprayed onto the outer walls and then covered in paint. It’s in every nook and cranny.”

Many Scientologist celebrities have spent time aboard the Freewinds, including Tom Cruise, Katie Holmes, John Travolta, Kelly Preston, Chick Corea, Lisa Marie Presley, Catherine Bell, Kate Ceberano, and Juliette Lewis. Now magazine reported that Tom Cruise has been urged to seek medical attention regarding potential asbestos exposure, however a representative for Cruise stated he has “absolutely no knowledge” of the recent asbestos controversy. Cruise, Holmes, Travolta and Preston have celebrated birthdays and other events on the Freewinds.

There is not now and never has been a situation of asbestos exposure on the Freewinds.

In a May 15 statement to the United Kingdom daily newspaper Metro, a representative for the Church of Scientology said that “There is not now and never has been a situation of asbestos exposure on the Freewinds.” The Asbestos and Mesothelioma Center notes that agencies have recommended anyone who has spent time on the Freewinds consult with their physician to determine if possible asbestos exposure may have affected their health.

Raw blue asbestos is the most hazardous form of asbestos, and has been banned in the United Kingdom since 1970. Blue asbestos fibers are very narrow and thus easily inhaled, and are a major cause of mesothelioma. Mesothelioma is a form of cancer which can develop in the lining of the lungs and chest cavity, the lining of the abdominal cavity, or the pericardium sac surrounding the heart. The cancer is incurable, and can manifest over 40 years after the initial exposure to asbestos.

“This is the most dangerous type of asbestos because the fibres are smaller than the white asbestos and can penetrate the lung more easily,” said toxicologist Dr. Chris Coggins in a statement published in OK! Magazine. Dr. Coggins went on to note that “Once diagnosed with mesothelioma, the victim has six months to a year to live. It gradually reduces lung function until the victim is no longer able to breathe and dies.”

Pregnancy During Menopause Can It Happen?

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By Kathryn Whittaker

Menopause is the time in a womens life when her reproductive system shuts down and her reproducing days are overor are they? For some women, pregnancy is still a concern during menopause. How is this possible? There may be more than one factor that plays a role in the possibility. For this reason, the best way to understand how pregnancy can occur in menopause is to understand what happens to a womens body during this change of life.

For starters, menopause occurs when a women has gone 12 consecutive months without a period cycle. The lack of menses is a sign that estrogen and progesterone production have stopped. The ceasing of these hormones means that the ovaries will no longer produce eggs. However, sometimes, even though a woman is menopausal, she may still produce enough estrogen for an egg to be implanted within the uterus lining.

The reason why hormone production can still occur is due to the fact that menopause is not characterized by a single event. It is better described as a process that takes place over a few years. Therefore, it is not unheard of for a woman to have fluctuating hormones for as many as five years after she becomes menopausal. At any time during this five year period when hormones are unpredictable, its possible for a woman to become pregnant during menopause.

[youtube]http://www.youtube.com/watch?v=VNksqP0CGR4[/youtube]

Thus, if there is no other reason why a woman cannot become pregnant (I.E. previous hysterectomy or medical condition), she may want to consider talking to her doctor about birth control during menopause if pregnancy is a concern.

Women cannot become pregnant naturally when they are post menopausal (after they have completed menopause). This is because they no longer produce the hormones that are required for menses to take place. Women who believe they have become pregnant after menopause actually became pregnant during menopause because it is not possible to become pregnant without medical intervention after menopause. It is simply impossible, because pregnancy can only occur if estrogen and progesterone are being produced.

Women who have experienced an early menopause (usually before the age of 45) and who had difficulty becoming pregnant or wished to start a family later on in life, can still become pregnant with hormone therapy during menopause and through an egg donation procedure after menopause. However, it is important for women who are of an older reproducing age (I.E. 35 and up) to understand that there are certain risks involved in becoming pregnant.

Women who become pregnant during menopause are at a greater risk for miscarriage, infection, hemorrhaging, embolisms, gastrointestinal diabetes and developing hypertension disorders. In addition, strokes, seizures and eclampsia are also risk factors for older pregnant women. Furthermore, medical research has discovered that 40 year old women put themselves at high risk of developing these health conditions if they become pregnant, and the risk grows even higher with each passing year after 40.

As you can see, although it is rare for a woman to become pregnant during menopause, it is plausible. That being said, pregnant menopausal women need to be kept under the watchful eye of their doctor to protect the health of the expectant mother and the heath of her unborn fetus.

Keep in mind that while a women can become pregnant during menopause this is a rare occurrence. Therefore, despite what you may read in magazine articles or online, if you have concerns about becoming pregnant, or suspect that you are pregnant the best person to speak with for advice is your doctor or gynecologist.

About the Author: By Kathryn Whittaker. Sign up for a free newsletter and discover how to banish unpleasant

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Academy Award-winning actress Jennifer Jones dies at age 90

Saturday, December 19, 2009

Jennifer Jones, leading lady in two dozen Hollywood pictures and an Academy Award winner for her first major film, 1943’s The Song of Bernadette, died Thursday at her home in Malibu, California. She was 90.

Born Phyllis Lee Isley in Tulsa, Oklahoma on March 2, 1919, her pursuit of fame as an actress took her to New York City at the age of 19, leaving for Hollywood one year later. She changed her name to Jennifer Jones while testing for a part in a David O. Selznick movie; in 1949, Selznick, who produced Gone with the Wind, would become her second and perhaps highest-profile husband.

Jones broke into dramatic film roles in 1943 as the lead in The Song of Bernadette, a movie about a nun who saw visions of the Virgin Mary in Lourdes, France in 1858. She won an Academy Award for Best Actress for the role, and became a star well in-demand, earning Academy Award nominations the next three years in a row for the films Since You Went Away, Love Letters and Duel in the Sun.

Jones was a popular movie actress well into the 1950s. She starred as a Eurasian doctor, Han Suyin, in the 1955 film Love is a Many-Splendored Thing, earning her a fifth and final Academy Award nomination. After a well-received turn in a film adaptation of Ernest Hemingway‘s A Farewell to Arms in 1957, she started to take on fewer and fewer movie roles. She would make her final on-camera appearance in the 1974 disaster movie The Towering Inferno.

Jones was married three times and was survived by one of her three children, Robert Walker, Jr., from her first marriage to Robert Walker. She married for a third and final time in 1971 to industrialist Norton Simon, six years after the death of her second husband David O. Selznick. The couple’s collection of South Asian art, acquired while living in India, is now showcased in the Norton Simon Museum in Pasadena, California. Jones was an active force behind the operations of the museum, serving as chairman from Simon’s death in 1993 to 2003, and as trustee emeritus until her own death.

Four British energy suppliers face investigation into claims of misselling

Sunday, September 5, 2010

The Office of Gas and Electricity Markets (Ofgem), the regulator of the electricity and gas markets in Great Britain, has launched an investigation into four of the largest British energy suppliers over suspicions that they not be complying with face-to-face and telephone sales regulations. The four organisations facing scrutiny could be fined up to 10% of their annual turnover if it is found that they are breaking sales regulations. Scottish Power, npower, Scottish and Southern Energy and EDF Energy are all to face questioning by the organisation.

Ofgem has urged customers of the four companies to alert the energy regulator, “if they are concerned about the sales approach any domestic suppliers have taken when selling energy contracts, either face-to-face or by telephone,” according to a statement. “As part of the investigation process Ofgem will examine any evidence of non-compliance and consider whether there are grounds for exercising enforcement powers.”

New regulations on sales tactics by energy suppliers were recently introduced, and, Ofgem has said, energy suppliers must be “proactive in preventing misselling to customers both face to face and over the phone. Also, if suppliers are selling contracts face to face they must provide customers with an estimate before any sales are concluded. In most circumstances customers should also receive a comparison of the supplier’s offer with their current deal.” Only one in five consumers consider energy suppliers to be trustworthy, and 61% of people feel intimidated by doorstep sales people from energy companies. According to the organisation Consumer Focus, “complaints have declined since new rules came into effect this year, but suppliers still seem to be flouting the rules. Some customers are still being given misleading quotes and information, which leave them worse off when they switch provider.”

The newspaper The Guardian has reported that “householders are reporting that sales agents working for the energy suppliers are giving them misleading information and quotes which leave them worse off when they switch supplier.” Consumer Focus has said that if energy companies continue to break the rules, they could be banned from doorstep-selling completely. The report goes on to say that “new figures from helpline Consumer Direct show that while the number of complaints has fallen since last year, about 200 cases of mis-selling are being reported each month.” However, Scottish Power said it insists on “the highest standards possible for all of our sales agents”, and npower told the Financial Times that it was “confident that the processes we have in place mean that we comply with our regulatory obligations”. EDF added that it was “fully compliant with all obligations regarding sales of energy contracts”.

According to the regulator, the obligations are serious and must be followed by energy supplies, or they will face “tougher sanctions than those available under more general consumer protection law.” Ofgem has published a guide advising consumers what they should do should an energy salesperson contact them in person of by telephone. Improper sales tactics are still common in the industry—in 2008 an Ofgem investigation found that 48% of gas customers and 42% of electricity customers were worse off after switching supplier on the doorstep. Npower was fined £1.8 million in 2008 by the organisation, and Ofgem insists that they are “committed to taking action” over improper sales activities by energy companies. “Suppliers have existing obligations to detect and prevent misselling and new licence conditions were brought in following our probe to further increase protection for customers,” said Andrew Wright, a Senior Partner of the regulator. “We expect all suppliers to comply with these tougher obligations but if our investigations find otherwise we will take strong action.”

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Head of energy at Consumer Focus, Audrey Gallacher, called the investigation “a welcome step … to address years of customers getting a bad deal on energy prices on their doorstep. While many doorstep sales people will do a good job, the pay and rewards system continues to encourage mis-selling, despite years of regulation and voluntary initiatives. If better advice for customers and enforcement of the tougher rules doesn’t end the flagrant abuse of this form of selling the big question will be whether it should be completely banned.” Christine McGourty, director of Energy UK, which represents the leading gas and electricity companies, said that “the companies involved will collaborate with the Ofgem investigation and are awaiting further details from the regulator. Any sales agent in breach of the code will be struck off the approved energy sales register.” Which? chief executive, Peter Vicary-Smith, has said he considers the situation “shocking”, saying that the investigation “will do nothing to improve consumer trust in energy suppliers. We’re pleased that Ofgem has promised tough measures against any firms guilty of mis-selling. We hope it uses this opportunity to tighten rules around telesales so they are in line with those for face to face sales.”

SNP Westminster Energy spokesperson Mike Weir MP, however, said that the investigation “does nothing to tackle the real problem of fuel prices which leave many Scots facing great difficulty in heating their homes … Rather than tinkering around the edges Ofgem should be looking at how to reduce prices for vulnerable households.” Gareth Kloet, Head of Utilities at Confused.com, one of the UK’s biggest and most popular price comparison services, also welcomed the inquiry. “It is unacceptable for energy companies to mislead customers like this,” he said, adding that Confused.com has previously “urged energy providers to either stop the practice of doorstep selling or make it very clear to households that better deals are available online. There is no reason why door-to-door salesmen can’t show people online deals and even help households switch to them.”

“Our research reveals customers could end up paying £167 more than they need to as door-to-door salesmen are unable to offer the discounts that are applied online. The changes that have been made to date are a welcome addition to safeguard customers; however this review has been much needed for a long time. Hopefully it will mark the end of customers being overcharged and missold,” Kloet continued. “Our message to energy consumers remains the same: they should shop around online to make sure they’re getting the best deal possible and turn these salesmen away.”

US stocks see 9% drop before making recovery

Friday, May 7, 2010

US stock markets saw an unusually turbulent day yesterday, with the Dow Jones Industrial Average (DJIA) losing almost a thousand points in thirty minutes, although later recovered somewhat to end the day with a smaller loss.

The DJIA had its worst fall since 1987, a drop of 9% or 998.50 points, before going back up a bit to close with a loss of 3.30% or 347.80 points to a level of 10,520. The Nasdaq fell 82.65 points or 3.44%, and the Standard & Poor’s 500 index dropped 3.24% or 37.75 points.

According to some reports, the quick loss happened because a trader mistyped an order to sell a large amount of stock, causing the stock price to go down enough to trigger orders to sell elsewhere in the market. (By the following day this theory had been abandoned.) Other reports suggested that the biggest markets “slowed” their executions when it became clear that computerized errors were occurring; as a result, the vast majority of buy orders were briefly withdrawn, allowing the free-fall to continue for several minutes.

We don’t know what caused it. We know that that was an electronic trade […] and we’re looking into it

Stock for the Procter & Gamble company fell almost 37% during the sell-off, about 75 minutes to the closing bell. An investigation started into whether any erroneous trades happened.

Procter & Gamble spokeswoman Jennifer Chelune spoke about the incident: “We don’t know what caused it. We know that that was an electronic trade […] and we’re looking into it with Nasdaq and the other major electronic exchanges.”

The Reuters news agency reports that, at their height, the losses cause equity values to lose $1 trillion.

Some stocks saw extreme, but short, changes; for instance, consulting firm Accenture saw its shares plummet from about $42 to four cents, although it later rebounded to close the day at $41.09.

Meanwhile, oil prices also dropped to lows not reached since February. Benchmark crude was down $2.86 to $77.11 in New York.

“The potential for giant high-speed computers to generate false trades and create market chaos reared its head again today,” said Delaware senator Edward Kaufman. “The battle of the algorithms — not understood by nor even remotely transparent to the Securities and Exchange Commission — simply must be carefully reviewed and placed within a meaningful regulatory framework soon.” Kaufman, along with senator Mark Warner from Virginia, called on Congress to investigate the cause of the mass sell-offs.

Nasdaq, meanwhile, says that all trades of stocks at prices 60% higher or lower than the preceding price at or around 2.40 PM “or immediately prior” are to be cancelled; it noted that it coordinated its move with the other exchanges.

Chief investment officer at Fort Pitt Capital Group Charlie Smith said: “I think the machines just took over. There’s not a lot of human interaction. We’ve known that automated trading can run away from you, and I think that’s what we saw happen today.”

In the past three days, the DJIA has lost 631 points, or 5.7%, mainly over concerns about Greece’s ailing, debt-burdened economy. Peter Boockvar an equity strategist for Miller Tabak, commented: “The market is now realizing that Greece is going to go through a depression over the next couple of years. Europe is a major trading partner of ours, and this threatens the entire global growth story.”

What Is A Fico Score And How Do I Make It Work For Me?}

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What is a FICO Score and How do I Make it Work for me?

by

Cathy Taylor

Whether or not you receive a loan and what interest rate you get on your credit card may be determined by something called a FICO score. Named for Fair, Isaac & Co., a California-based company that developed the credit score, the FICO score is the most widely used scoring method to determine credit worthiness.

Scores range from approximately 300 to 800 and are provided to lenders by the three credit bureaus, Equifax, Experian, and TransUnion. You also have access to your FICO scores, but will be charged a fee by each credit agency providing your report.

According to Fair Isaac, the credit scores of the American public are divided as follows:

499 and below 1 percent

500-549 5 percent

550-599 7 percent

600-649 11 percent

650-699 16 percent

700-749 20 percent

749-799 29 percent

800 and above 11 percent

A score of 720 or higher will probably get you the best interest rates on a home mortgage. Your credit card company looks at your credit score to decide whether or not to raise your credit limit or charge you a higher interest rate. The higher your credit score, the better you look to lenders and the lower your interest rates.

Raising your FICO score can make a big difference to your wallet. Some basic actions you can take to improve your score include paying your bills on time, lowering your account balances, and not taking on new debt.

Around the time you intend to apply for a loan, several factors can decrease your FICO score and, therefore, your ability to qualify for credit and low interest rates. First, order copies of your credit report from all three bureaus and correct any errors you find. Be sure that balances you have paid down are reflected on the report, along with closed accounts and settlements.

It’s important to get your credit scores from all three credit reporting agencies. Each bureau may have different information about you as reported by retailers and creditors. Clerical errors at a particular agency may also result in a varying score. Lenders often look at all three FICO scores, and rather than using the average of the three scores, they may use the middle score to determine your credit worthiness. Finding out what this middle score is and doing what you can to raise it is to your advantage.

Second, pay what you can on your debt rather than moving it around. Consolidating your credit card debt may be tempting, but it could lower your FICO score. Here’s why: keeping your account balances between 25% and 50% of your available credit, signals a responsible borrower. For example, if you have a credit card with a $2000 limit, you should keep your debt below $1000. The ratio of your credit card balance to your credit card limit will increase if you pile all of your debt into a couple of accounts, rather than keeping it spread out over several.

If you have three credit cards with limits of $2000 each, and you owe a balance of $1500 on all three combined, you have a total credit limit of $6000 on which you owe a balance of $1500. That’s a debt to credit limit ratio of 25%. But if you consolidate your $1500 debt into one card with a $2000 limit, you increase your debt to credit limit ratio to 75%, an unfavorable factor in your overall credit score. For this reason, the best solution is to simply pay off your existing cards as quickly as possible.

Also important in making the most of your FICO score near loan time is keeping unused accounts open, for the same reason as listed above. Your debt to credit limit ratio will rise drastically if you close your unused accounts. Wait until you have secured your loan to trim inactive accounts from your credit report. Also refrain from applying for any new accounts during this time.

Paying off your debt in a timely manner, building a solid credit history over a lengthy period of time, and erasing errors from your credit reports can all help you make the most of your FICO score and, in the end, make the most of your money.

Resources:

Equifax 800 525-6285 Experian 888 397-3742 TransUnion 800 680-7298

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Cathy Taylor is a marketing consultant with over 26 years experience. She specializes in internet marketing, strategy and plan development as well as management of communications and public relations programs for small business sectors. She can be reached at Creative Communications; creative-com@cox.net or by visting http://www.apscreen.com

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What is a FICO Score and How do I Make it Work for me?}