With student loan debt and an unemployment rate higher than 14 percent, Millennials are reaching their financial goals later than previous generations. They are waiting to purchase cars and houses, start families and plan their retirement because they simply don’t have the income or credit to do so.A recent survey by VantageScore found a third of Millennials were unable to obtain some kind of credit. Thirty-four percent of those said they were turned down for credit because they had no credit score, while 42 percent said their limited credit histories were the reason. Among those who were unable to obtain a credit score, the inability to get a credit card was the most common outcome. This amounts to more than 27 million Americans who may have a hard time getting approved for a credit card, car loan or mortgage.One potential solution to this growing problem is to make changes to how credit scores are calculated. Participants of The VantageScore survey were in favor of multiple features in modern credit scoring models, such as recognition of positive payment histories for rent, utility and cable bills. continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Ray White auctioneer Haesley Cush at the auction of 36 Needham Street, Fig Tree Pocket. (AAP Image/Richard Walker)The property had been previously listed with other elite Brisbane agents including the principal of Adcock Prestige — Brisbane, Jason Adcock and Tyson Clarke of Queensland Sotheby’s International Realty — Ascot who had it listed for $11.9 million.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:06Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:06 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenThe agent breakdown – who is who01:06With six registered bidders on board, about 70 people attended yesterday’s auction including neighbours and other high profile Brisbane agents.36 Needham St, Fig Tree Pocket 36 Needham St, Fig Tree PocketThe founder of collapsed Linc Energy Peter Bond has failed to sell his prestige waterfront mansion at auction with the property passing in at $9.25 million.Known as Rivergum Retreat, the seven-bedroom, nine-bathroom pad at 36 Needham St, Fig Tree Pocket, was purchased by Bond in November 2009 for $9.5 million.Since Linc Energy went into receivership last year with debts of more than $300 million, Bond has been trying to offload his property.Peter Bond, former Linc Energy boss. Photo: Anthony Weate More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours agoCrowds at the auction of 36 Needham Street, Fig Tree Pocket. (AAP Image/Richard Walker) 36 Needham St, Fig Tree Pocket. 36 Needham St, Fig Tree Pocket.Bond’s property spans 1.2ha and has river frontage of 132m. It also has a climate-controlled wine cellar, fully equipped gym, a boardroom, meeting rooms, gold class cinema, a horizon heated swimming pool complete with outdoor teppanyaki bar, a tennis court, and water sports facilities.According to CoreLogic data, the property was once owned by Zoe Cheihk, wife of developer George.Ray White New Farm principal Matt Lancashire was yesterday afternoon continuing negotiations with the highest bidder.
Meanhwile, the FAI’s investigation into alleged match fixing at Athlone Town is nearing a conclusion.Irish football’s governing body have been looking into three games since May – where UEFA flagged up ‘irregular’ betting patterns on Asian markets.They interviewed players, coaches and officials at the Midlands club with bank and phone records also scrutinised.FAI CEO John Delaney says they’re close to making an announcement. Ireland manager Martin O’Neill and player James McLean have until Friday to respond to FIFA charges of misconduct.The two were critical of the referee in the aftermath of the 1-all draw at home to Austria this month in which Ireland had a goal disallowed and were denied a penalty.If found guilty they could face match bans. Photo © Pixabay