7 Steps In Dealing With Debt Collectors – Forbes

This Week In Credit Card News: 35% Of Consumers Have Debt In Collections; High Overdraft Fees – Forbes

According to a recent study , over a third of Americans have an average of about $5k of debt in collections. If youre one of them, this not only hurts your chances of getting a loan but also affects how much you pay for insurance and even your ability to get a job or promotion. Here are some things you can do: 1) Know your rights. Under the Fair Debt Collection Practices Act, there are a variety of limits placed on how debt collectors can contact you. For example, they cant contact you before 8 am or after 9 pm without your permission and you can forbid them either orally or in writing from contacting you at work. You can also request in writing that they no longer contact you at all. If you feel that a debt collector is violating these rules, harassing you, making false statements, or using other unfair practices, you can file a complaint on them to the Consumer Financial Protection Bureau. 2) Know what you can afford to pay. Thats either a lump sum to settle a debt or a monthly payment that you can afford.
Puedes ver la version sin traducir en http://www.forbes.com/sites/financialfinesse/2014/08/01/7-steps-to-deal-with-debt-collectors/?ss=personalfinance

State Commerce Department announces new program to help small business borrowers with SBA loan collateral | Business | The News Tribune

SSBCI provides financing by providing cash collateral for small businesses that lack the necessary collateral to qualify for bridge loan. The new program will mitigate a lenders risk during the interim period before an SBA-guaranteed loan is in place, the department said. Most small businesses can qualify for Collateral Support Program, and most SBA 504 loan purposes qualify. Examples of qualifying business loans include: heavy equipment, acquisition of a place of business and construction or renovation of a place of business. The department is working to quickly enroll and approve more banks, credit unions, savings associations and other business lenders in the program. Benefits to lenders include minimal reporting requirements, expanded small business customer base and higher lending limits. Applications for support in raising collateral from the program may be made at local lenders who participate. The program is aligned with SBA 504 loans. Lenders and businesses interested in learning more about the Washington Small Business Credit Initiative and the new Collateral Support Program may contact Jane Swanson, Commerce Program Manager, 206-256-6155, or emailWSBCI@commerce.wa.gov, or visit http://www.commerce.wa.gov . C.R. Roberts: 253-597-8535 c.r.roberts@thenewstribune.com Facebook Twitter Google Plus Reddit E-mail Print Order a reprint of this story Join The Conversation The News Tribune is pleased to provide this opportunity to share information, experiences and observations about what’s in the news.
Puedes ver la version sin traducir en http://www.thenewstribune.com/2014/08/01/3312862/state-commerce-department-announces.html

State fines local payday loan outlets – News – The State Journal-Register – Springfield, IL

Did not obtain official documentation of a borrowers income before making a payday or title-secured loan. Made an installment payday loan of more than 22.5 percent of the borrowers gross monthly income or made a payday loan of more than 25 percent of a borrowers gross monthly income. * TitleMax of Illinois Inc., Springfield, fined $7,000. A title-secured lender making an additional loan to a borrower who had an outstanding title-secured loan within the preceding 15 days. Lender did not obtain official documentation of a borrowers income before making a title-secured or payday loan. * TitleMax of Illinois Inc., Springfield, fined $1,000. A title-secured lender made an additional loan to a borrower who had an outstanding title-secured loan within the preceding 15 days. * TitleMax of Illinois Inc., Springfield, fined $4,250. Licensee charged a fee not allowed.
Puedes ver la version sin traducir en http://www.sj-r.com/article/20140802/NEWS/140809860/1994/NEWS?rssfeed=true

Fitch Affirms SLM 2013-4 Notes – Yahoo Finance

Please enter your Phone Number. Send Thanks! A link has been sent. Done Moody’s upgrades Greece’s credit rating By DEREK GATOPOULOS 1 hour ago 0 shares Content preferences Done ATHENS, Greece (AP) Moody’s ratings agency late Friday upgraded Greece’s government bond rating, predicting a gradual decline of its massive national debt. The agency is also citing a continued commitment by the bailed out country’s conservative-led government to improve public finances. In Friday’s announcement, the agency said it had raised the Greek rating by two notches from Caa3 to Caa1 still below investment grade. Greece is set to emerge from recession this year for the first time since 2008 after being rescued by an international bailout four years ago and imposing years of severe austerity measures. “The first factor behind the upgrade of Greece’s rating is Moody’s strengthened expectation that the general government debt to GDP ratio will start declining in 2015, after peaking this year according to Moody’s estimates at around 179 percent of (gross domestic product),” the agency said. “Moody’s considers that Greece’s fiscal outlook is more resilient than in the past.” Friday’s action follows a similar move made by rating agency Fitch in May.
Puedes ver la version sin traducir en http://news.yahoo.com/moodys-upgrades-greeces-credit-rating-212306003.html

Moody’s upgrades Greece’s credit rating – Yahoo News

If anyone needed more proof that the Great Recession changed peoples financial habits, consider that nearly 30% of Americans pay off their balances in full each month. Thats a 50% increase since 2008, according to the American Bankers Association. The ABAs data said that more than half of Americans now have a credit score of 759 or higher, compared to 41% in 2008. Middle and higher-income families have contributed to a larger paydown in credit card debt. [ Minneapolis Star Tribune ] What You Need to Know about Card Skimming Todays world of skimming is high-tech, and it wants your credit card and banking info. What is skimming? How does it work? What can I do to protect myself? What does the law say? Arm yourself against skimmers by taking an interest and protecting yourself by knowing a bit about them.
Puedes ver la version sin traducir en http://www.forbes.com/sites/moneybuilder/2014/08/01/this-week-in-credit-card-news-35-of-consumers-have-debt-in-collections-high-overdraft-fees/?ss=personalfinance

Likewise, a buildup of credit enhancement driven by positive excess spread given favorable basis factor conditions could lead to future upgrades. Fitch has affirmed the following: SLM Student Loan Trust Series 2013-4: –Class A at ‘AAAsf’; Outlook Stable; –Class B at ‘A+sf’; Outlook Stable. A comparison of the transaction’s RW&Es to those of typical RW&Es for student loans is available by accessing the reports and links below: –‘SLM Student Loan Trust 2013-4 – Appendix’, dated August 5, 2013; –‘Representations, Warranties, and Enforcement Mechanisms in Global Structured Finance Transactions — Amended’, dated April 17, 2012. Additional information is available at ‘ http://www.fitchratings.com ‘. Applicable Criteria and Related Research: –‘Global Structured Finance Rating Criteria’ (May 20, 2014); –‘Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria’ (June 23, 2014). Applicable Criteria and Related Research: Global Structured Finance Rating Criteria http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=843859 ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: http://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS . IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY’S PUBLIC WEBSITE ‘ http://WWW.FITCHRATINGS.COM ‘. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE ‘CODE OF CONDUCT’ SECTION OF THIS SITE.
Puedes ver la version sin traducir en http://finance.yahoo.com/news/fitch-affirms-slm-2013-4-180500305.html


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