Tag Archives: Financial Services

Background on Collection Accounts

According to the Federal Trade Commission, debt collectors are one of the most complained about businesses and with good reason. Few people have positive experiences dealing with debt collectors. Even the rare nice ones can be a nuisance. But it’s … Continue reading

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Set Up a Debt Collection System To Get Paid By Customers

Every small business runs on cash, and cash only comes in when you collect money that is due you. Set up a debt collection system, with billing, accounts receivable management, and collection practices that include small claims court and which … Continue reading

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What is the Fair Debt Collection Practices Act (FDCPA)?

Question: What is the Fair Debt Collection Practices Act (FDCPA)? The Fair Debt Collection Practices Act (FDCPA) was enacted in 1966 and was amended by the Financial Services Regulatory Relief Act of 2006. The FDCPA protects consumers from harassment and … Continue reading

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Money Problems: 6 Steps to Transform Your Money Life

I don’t know of anyone who doesn’t have a money problem right now, in this economy. Even the wealthiest of the wealthy are fretting because the fortunes they stashed in bonds and stocks aren’t performing with the same gust of … Continue reading

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Credit or Debit: Pick Your Plastic

In the debate over whether debit or credit cards reign supreme, there may never be a tidy conclusion. Some financial experts champion credit cards as the best payment method, citing their superior rewards and benefits and heightened fraud protection. Others … Continue reading

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How Credit Scores Work

We depend on credit for so many important things in life — whether it’s for buying a car, house or computer or getting a student loan. A three-digit number — your credit score — can determine whether you can do … Continue reading

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7 Costly Debt Traps and How to Avoid Them

Not all debt is created equal. While most forms of borrowing entail risk, certain credit decisions are more likely to lead you into a downward spiral of indebtedness. We call these debt traps. It’s incredibly easy to stumble into a … Continue reading

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