"Doing business with banks -- in terms of gaining access to credit
-- was becoming more difficult," notes Tod Christie, Treasurer of Sealed Air Corp.
Perpetrators run the gamut from individuals with easy access to credit
card information - such as credit agency officials, airline baggage handlers, and mail carriers, both public and private - to organized groups, usually from similar ethnic backgrounds, involved in large-scale card theft, manipulation, and counterfeiting activities.
The conference focused on methods and resources for encouraging initiatives and partnerships that increase access to credit
and capital and strengthen local economies.
TILA also requires creditors to credit
accounts on the date the consumer's payment is received; it limits consumers' liability for unauthorized use of a credit card; and it provides procedures for resolving billing disputes.
"With regard to credit
cards, co-signers should know that the creditor can raise the debtor's credit limit without the co-signer's knowledge, making the dollar amount of the debt unpredictable," advises Steve Rhode, president and cofounder of Rockville, Maryland-based Debt Counselors of America, a nonprofit organization.
For example, the Federal Reserve District Banks meet periodically with representatives from the small business and agricultural sectors; representatives at these meetings generally have been quite positive with regard to credit
Be careful when providing personal information, especially relating to credit
, on a Web site.
First, many larger firms have gone directly to credit
At a time when we have moved from being a cash-dependent society to a credit-dependent one, and pre-approved credit offers bombard consumers, unscrupulous businesses are flourishing as they prey on people who have succumbed to credit
dependency, found themselves in a sea of debt and lack the wherewithal to get out.
The Reserve Banks' Community Affairs staff members also regularly sponsor educational programs and develop publications to assist bankers, community representatives, and owners of small businesses in dealing with issues related to credit
Thus, the questions you asked about the financial health of the household sector and its continued access to credit
are particularly pertinent in today's economic environment.