Huefunder

01/01/2014

09/12/2013

11/11/2013

THANK YOU FOR KEEPING US SAFE !!!!!!

09/11/2013

A recent report by the Washington Post affirms that crowdfunding, the collective pooling of resources from individuals of like interests to support an effort, grants women and people of color an expansion of capital assets. The report can be viewed here.
The article details how discriminatory lending practices that at one time encumbered forays into entrepreneurial ventures by people of color is, in a sense, declawed when met by the benevolence of independent people who share common goals and are willing to support the same cause. This should encourage a person of color anywhere in the world since it signifies the creation of an independent global financial institution of limitless means that is not confined to the rules and regulations of traditional banking institutions.
Crowdfunding is most often conducted on the internet, the great equalizer that allows the young John Doe entrepreneur in Detroit the chance to connect with a crowd of people locally, nationally or abroad who see the vision of the young entrepreneur and are willing to invest in it. This brings everyone with however much they have to the table, and we all know that $5 from thousands of people can go a long way.
The above notion of limitless funds might sound like hyperbole, and the idea would have been laughable just 20 years ago, but the recent phenomena of viral videos, shared blogs and re-tweets that are picked up and disseminated by everyone from the 12-year-old in school to the CEOs of the world has proven that with just the click of a button someone’s plea for support can reach anyone anywhere with little to no cost to the fundraiser and with amazing results. A recent fundraiser on Kickstarter for an art project in Flint, Michigan gained the support of Michigan native Michael Moore as well as Academy Award winner Susan Sarandon, who has no known ties to the area.
Be sure to read the article, but more so, be sure to connect to and get others connected to the premier crowdfunding source designed for people of color: Huefunder.com

07/10/2013

Funding Source For Entrepreneurs & Innovators Of Color & Beyond On The Planet !!!!!

03/10/2013

Common Causes for Credit Report Errors

Credit Reporting Agencies such as Trans Union, Experian and Equifax frequently make mistakes on consumers’ credit reports. About 70% of consumer credit reports contain some mistake. Chances are excellent that your credit report contains an error. Approximately 20% of these mistakes result in the denial of credit or a higher rate of interest. Some of the more common mistakes made by the credit reporting agencies include:

Identity theft. This type of error is growing exponentially and may be the number one cause for credit reporting mistakes today.
Mismerged information. This kind of error occurs between different people with the same name. For example, John A. Doe who lives in Montana may have his credit information placed on John A. Doe who lives in Florida. This is a very common mistake.
Discrepancies amongst credit reporting agencies for the same debt. One credit reporting agency may report a debt as current while another might report it as delinquent.
Delinquencies that are reported longer than 7 years. Derogatory credit information has to be removed from your credit report after seven years from the first delinquency. Sometimes a debt buyer or a collection agency “re-date” a date of last delinquency so that a derogatory stays on your credit report longer than seven years. In 2004, the Federal Trade Commission hit NCO Financial Systems with a $1.5 million fine for doing this very thing. A delinquent debt may not be reported longer than 7 years on your credit report. Yet, in order to force you to pay the debt at some point, some collection agencies “re-date” the beginning date of the debt so that it stays on your credit report longer.