Author Nick: JRRooney
Name: Takara Alexis
Site:
The Federal Trade Commission has finalized a policy statement clarifying that the agency won’t take enforcement action under the Fair Debt Collection Practices Act (FDCPA) or the FTC Act against companies that are trying to collect the debts of deceased consumers, if the companies communicate with someone who is authorized to pay debts from the estate of the deceased.
In the most common sense, inflation is an increase in the average price of goods over a period of time. The rate that prices increase is known as the inflation rate. Inflation happens either when costs go up or when it takes more money to purchase the same items.
The definition of a mid cap varies depending upon who you ask. Many define mid-caps as being companies with a market capitalization between $1.5 billion and $5 billion. Others raise that number up a bit and define them being between $2 billion and $10 billion. In the end, it depends on who you ask. Market capitalization is the price of the company’s stock, multiplied by the number of shares outstanding. It’s mostly the value the market places on a company.
I sit at my desk completely frustrated with Advanta. I opened up a business credit card with them 3 years ago and made a purchase of $6500 to help build my business credit for Rapid Recovery Solution, my Collection Agency. I have paid more then the minimum every month, on time. November 2008 I noticed that my interest rate seemed a little high. No where on my statement did it say the actual interest rate so I called the company. After 10 min or so I get a live rep on the line and they tell me it is 36.1%. Are they kidding, this must be a mistake. I have over a 750 score and never missed a payment. They said they sent me a notice in Aug that they are doing this due to a change in there lending methods. It turns out this is the second time this year they did this. I went from 8.99% in Jan 08 to 18.99 in Feb 08 to 36.1% in Aug 08.
With differing accounts, interest rates and debt hitting you at once, your financial situation can very well seem overwhelming. But if you follow this program you will find that there is an effective and safe way to manage your money.