The Truth of Credit

Overdraft loans also called “overdraft protection” by the banks who make them to their customers.  Consumer advocates call them “bounce” or “overdraft” loans.  They are marketed by some banks to their customers who “run short on cash between paydays.”Banks make short-term overdraft loans only to their customers—those who have bank accounts at their institution and [...]

No, in case you’re wondering it’s not a goal to harass, embarrass or irritate your relatives. These goals are the foundation of all collection efforts. It is an impossible to collect if all 3 of these goals are not obtained. Today we will explore these goals and give you some insight into how these may [...]

When you read headlines such as, “Consumers increase borrowing in June”, do you feel guilt because you are included in that statement or do you judge those who spend so irresponsibly? The headline highlights thousands of people who have given up trying to save and are falling even further into debt as they use their [...]

Yes, folks just when you thought you had seen it all something always seems to stretch you mind once again.  This time it’s Rev. Billy here who seems a “a few cards short of a deck” of you catch my drift. However, obviously someone believes in this guy or he wouldn’t be on radio. I [...]

There is no doubt in these tough economic times that the collection industry will use all the technology at their disposal to help churn out the dollars. Everything from automated messages to computerized dialing they will start to “bring it” early and often. For the consumer this is nothing new, but the frequency is going [...]