Credit monitoring services doing more harm than good?

With stories of identity theft surfacing daily, it’s no wonder that consumers want to be able to keep an eye on their credit reports from Experian, TransUnion, and Equifax.

But there can be a hidden problem with these credit monitoring services. Each time your credit is checked by a third party, it lowers your credit score a little. If you personally check your credit, there is no impact.

The problem is that some of these credit monitoring services allow you to check your credit daily, and they count as a third party check. That means every time you check your credit, you’re lowering your credit score.

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Mark Cuban and Sharesleuth.com: Good or bad idea?

Wired Magazine featured an article on Mark Cuban and his Sharesleuth.com website. In theory, it kind of sounds like a good idea. Mark and company think that the media has given up critically examining public companies. They think there are many red flags with companies, but that the press never reports a lot of them. They believe positive press has taken over.

So Mark Cuban started Sharesleuth to “investigate” public companies. In its first year, negative reports on two companies were posted: Xethanol and Utek. Indeed, four weeks after the reports were published, each company’s stock was down 39% and 36%, respectively.

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Lowes tries to shut down Lowes-sucks.com

This was reported on Ars Technica, and the writer is pointing out the misuse of intellectual property laws in attempting to shut down Lowes-sucks.com. I have a special interest in this topic, since I have a website called Pink Truth. When the site was started a little over a year ago, it was called Mary … Read more Lowes tries to shut down Lowes-sucks.com

Patrick Byrne and his three stooges

Last week, Overstock.com CEO Patrick Bryne celebrated an apparent victory in court. Overstock is suing Gradient Analytics and Rocker Partners over some negative reports that were issued about Overstock. Of course, the negative reports weren’t negative because Overstock is a crappy company. No, the negative reports were negative simply because there is a Sith Lord conspiracy against Overstock.

So Byrne was busy doing his happy dance over this court ruling that allowed Overstock’s lawsuit to proceed. We’ll see how happy that ends up for Overstock, though, as there will certainly be some interesting things revealed when discovery begins and depositions are taken.

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Steroid Ring Involving 37 Chinese Companies

The Drug Enforcement Administration now estimates that 99% of illegal steroids being with chemicals from China. “Operation Raw Deal,” related to illegal steroids has resulted in 124 arrests and the identification of 37 companies in China supplying the drugs. Those arrested have been charged with distributing chemicals acquired in China and with setting up labs … Read more Steroid Ring Involving 37 Chinese Companies