Best Business Commentary
If you’re paying a company to fix your credit, you’re probably wasting your money, says Michelle Singletary in The Washington Post. The Yankees deserve a “Horse’s Rear-End of the Year Award” for bungling Joe Torre’s contract, say Jack and Suzy Welch in Bu
asy credit fix? It’s a scam.
If you’re paying a company to fix your credit, you’re probably wasting your money, says Michelle Singletary in The Washington Post. Sure, “good credit can get you much better rates for a car or home loan,” while bad credit brings high interest rates and other problems. But while there are a few “legitimate credit-repair companies” out there, most are a “con to get your cash.” How can you tell? First off, upfront fees are illegal—credit-repair companies have to show results before they charge you. And beware any firm that vows to “permanently delete accurate, negative information” from your record. If they’re going to lie to clear your record, they’ll lie to you.
Torre and the art of the deal
The Yankees deserve a “Horse’s Rear-End of the Year Award” for bungling Joe Torre’s contract, say Jack and Suzy Welch in BusinessWeek.com. But did Torre get offered “a raw deal? No way.” He still would have been the highest-paid manager in baseball. The “all-too-common” blunder with Torre’s contract is that it was negotiated “under the hot glare of media scrutiny” rather than in “the cold light of day.” Public scrutiny turns business negotiations from a rational search for the “best all-around solutions” to face-saving public “gladiator-like death matches.” In business, it is much better to deal “quietly, quickly, and in private.”
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- 31 TV shows to watch in 2014
- Israel and Russia are getting along. Have the neocons noticed?
- Why I'm a pro-life liberal
- He said he was leaving. She ignored him.
- Why we can't stop procrastinating, according to science
- What would a U.S.-Russia war look like?
- If a nuclear bomb exploded in downtown Washington, what should you do?
- How Ukraine can fend off the Russians, in 7 simple steps
- These stunning travel photos remind us that we're all just amateurs with iPhones
- The untold story behind The Grand Budapest Hotel's 'Boy with Apple'
Subscribe to the Week