Author "Jonathan Summers" Page

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Name: Jonathan Summers
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FTC Announces Further Extension On ‘Red Flags’ Rule Implementation To November 1st

To support small businesses and other entities, the Federal Trade Commission faculty will intensify its efforts to educate them about compliance with the “Red Flags” Rule and ease compliance by provisioning additional resources and guidance to clarify whether businesses are covered by the Rule and what they must do to comply. To give creditors and financial institutions additional time to review this guidance and develop and implement written Identity Theft Prevention Programs, the FTC will further delay enforcement of the Rule until November 1, 2009.

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Q’s And A’s Of Third Party Collection Agency’s

The phrase collection agency is commonly applied to third-party agencies, named that because they were not a party to the original contract. The creditor designates accounts directly to such an agency on a contingency-fee basis, which commonly initially costs nothing at first to the creditor or merchant, except for the cost of communications. This on the other hand is dependent on the individual service level agreement that exists between the creditor and the collection agency.

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How To Recoup From A Bankruptcy

Bankruptcies can hang on your credit report for up to 10 years and can butcher your credit score by hundreds of points. But by using these tactics, you could improve your credit score and become creditworthy several years before the bankruptcy drops off your credit report.

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Ask Doctor Debt Intends To Enlighten The Public On Financial Literacy And Debt Collections

It is about time that someone stepped up in an effort to tutor the public on legal debt collection practices and general financial literacy. With a multitude of fake debt collectors throughout the United States preying on unwary consumers, Ask Doctor Debt serves to solve this ever growing situation by giving consumers an outlet in which to ask questions concerning their rights and any and all debt related questions.

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Reforms Make It Harder To Give Credit Cards To College Students

Due to the fresh credit card modifications that are starting up next year, card issuers will have a hard time getting teenagers on college campuses to apply for credit cards without their parents’ knowledge. As students arrive on campus, card issuers will be there to speak to them at many schools.

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