by Steven Palmieri | Jun 22, 2018 | Credit
The Cost of Credit is more evident in today’s economy than ever before. The United States has become a nation of debtors and the nature of the consumer credit marketplace has changed significantly. It has been recognized for centuries that borrowers and lenders...
by Steven Palmieri | Jun 22, 2018 | Credit
What is Fair Credit Reporting? People who are unduly harmed by credit reporting inaccuracies can’t help but ask themselves does fair credit reporting actually exist? Fair Credit Reporting is vital to the health of the banking system to ensure that lenders can...
by Steven Palmieri | Jun 22, 2018 | Credit
Credit Reporting Basics There is a basic common law principle that anyone can tell a story about anyone else as long as it is a truthful story. When the story begins to skew away from truthful (which is obviously a debated issue) then that’s when common law...
by Steven Palmieri | Jun 22, 2018 | Credit
Credit Industry Background In the US, the cost of credit was largely unregulated until the 1960’s when Congress passed the Consumer Credit Protection Act (CCPA) which contained the Truth-in-Lending Act (TILA). CCPA has since grown over the past 50 years to include...
by Steven Palmieri | Jun 22, 2018 | Credit
Credit Basics Credit and debt are two sides to the same coin. In other words, the two are, for the most part inseparable. Credit is the granting of a deferred payment by a creditor to a debtor for the promise that the debtor will repay the debt based on the terms of...
by Steven Palmieri | Jun 22, 2018 | Credit
Credibility and credit go hand-in-hand. They both relate to your ability to be trusted to perform a stated action. And for most small businesses, both credibility and credit are vital factors in determining if the business will become successful. When entrepreneurs...
