By Bert Seither, Director of Operations at Corporate Tax Network About the author: Bert Seither is the Director of Operations at Corporate Tax Network, a national accounting and business development firm. For nearly 10 years, Seither has assisted small business owners to help put their companies on a path to
There are a variety of successful ways to manage credit and reduce problems with loans. Many institutions have concerns, as a result of the current economic problems and uncertainties, regarding the commercial credit associated with loans and credit management. The over emphasis of the potential growth of loan portfolios along
Whether you’re getting one for the first time or already learning how to manage debt, credit cards can be extremely complicated. If the recession has taught Americans anything, it’s that credit companies, banks, and even department stores are not their friends, and most cards are designed to gouge you for
The purpose of the Fair Debt Collection Practices Act (FDCPA) is to stop debt collection practices that are abusive and to protect the consumer. Under the FDCPA, 15 USC Section 1692d, debt collectors cannot engage in conduct that is meant to harass, oppress, or abuse a person when attempting to
Bank condemned for failing to avoid a fraudulent transfer given without the permission of their client. The Provincial Court of Palma has sentenced a bank for failing to prevent a transfer that was fraudulently from a customer’s account, from which they were transferred 9,000 euros without the consent of the
In the first Federal Trade Commission (FTC) action against a debt collector who used text messaging in their efforts to collect debts in an unlawful manner, the California based collector will pay $1 million to settle the charges that they violated federal law. It was alleged by the FTC that
On its road to recovery from the tailspin of the Great Recession, the United States housing market has become a playground for schemers and scammers. It is fertile soil for fraud. Mortgage shenanigans proliferate due to whealings and dealings of “industry insiders” — loan officers, mortgage brokers and appraisers —
Negative information on your credit report can seriously affect you financially. For example, it can make it difficult to obtain loans. During negotiations with a collection agency over the payment of a debt, you should consider making the removal of negative credit information on your report part of the negotiations.
By Frances Jacobs If you owe money, your creditor can recover their money from you using different options. Bailiffs are one of those options. Bailiffs can be used to make you pay a range of debts , including council tax arrears, business rates arrears, county court orders, high court orders, child support arrears, parking or road traffic
(US law and generally) Credit cards can be very useful if used correctly. However, if they are not, they can get you into a world of trouble. On average, an US household holds about $16,000 in credit card debt. Due to the economy, more and more debt collectors have been
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