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Credit Counseling
Credit counseling (known in the United Kingdom as debt counseling) is a process used to help individual debtors overcome their debt through financial education, budgeting, debt management plans (DMPs) – known in the United Kingdom as the individual voluntary arrangement (IVA) – and a variety of other tools with the goal of reducing and ultimately eliminating debt. Credit counseling is often provided by credit counseling agencies (CCAs). These agencies work with consumers to help them understand their financial situations and explore the best ways to repay their debts. Regulations on credit counseling and credit counseling agencies vary by country and sometimes within regions of the countries themselves. In the United States, individuals filing bankruptcy are required to receive credit counseling. Overview In the United States, the modern practice known as ‘‘credit counseling’’ was initiated by creditor banks and credit card companies during the mid-1960s to addres ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt Settlement
Debt settlement (also called debt reduction, debt negotiation or debt resolution) is a settlement negotiated with a debtor's unsecured creditor. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results can vary widely. When settlements are finalized, the terms are put in writing. It is common that the debtor makes one lump-sum payment in exchange for the creditor agreeing that the debt is now cancelled and the matter closed. Some settlements are paid out over a number of months. In either case, as long as the debtor does what is agreed in the negotiation, no outstanding debt will appear on the former debtor's credit report. History As a concept, lenders have been practicing debt settlement for thousands of years. However, the business of debt settlement became prominent in the USA during the late 1980s and early 1990s, when bank deregulation, which loosened consumer lending practices, followed by an economic recession, placed consumers in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Score
A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report, information typically sourced from credit bureaus. Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue. Credit scoring is not limited to banks. Other organizations, such as mobile phone companies, insurance companies, landlords, and government departments employ the same techniques. Digital finance companies such as online lenders also use alternative data sources to calculate the creditworthiness of borrowers. By country Australia In Australia, cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Consumer Agency Of Canada
The Financial Consumer Agency of Canada (, FCAC) is an agency of the Government of Canada that enforces consumer protection legislation, regulations and industry commitments by federally regulated financial entities. It also provides programs and information to help consumers understand their rights and responsibilities when dealing with financial institutions and promotes financial literacy. Mandate FCAC has a dual mandate, set out in the ''Financial Consumer Agency of Canada Act''. Broadly, these two main elements are: * ensuring and enforcing compliance by the financial sector with federal legislation and regulations, as well as voluntary codes of conduct and public commitments * promoting greater financial literacy by informing consumers about their rights and responsibilities when dealing with financial entities and payment card network operators. Under its compliance mandate, FCAC is responsible for: * ensuring that the market conduct of federally regulated financial entit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Foundation For The Improvement Of Living And Working Conditions
The European Foundation for the Improvement of Living and Working Conditions (Eurofound) is an agency of the European Union which focuses on managing research, gathering information, and communicating its findings. It was set up in May 1975 by the European Council to help improve living and working conditions across Europe, and was one of the first bodies established to work on a specific subset of EU policy. It is headquartered at Wyattville Road, Loughlinstown, County Dublin, D18 KP65, Ireland. Governance The foundation is overseen by a Management Board, executive director, and deputy director. The Executive Board meets once a year to set budgets and policy, and to decide on one-year and four-year work programmes. The current director, Ivailo Kalfin, was appointed in June 2021. The deputy director is Maria Jepsen. The foundation budget (21,8M euros in 2021) comes from the general European Commission The European Commission (EC) is the primary Executive (government), e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latvia
Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe. It is one of the three Baltic states, along with Estonia to the north and Lithuania to the south. It borders Russia to the east and Belarus to the southeast, and shares a Maritime boundary, maritime border with Sweden to the west. Latvia covers an area of , with a population of 1.9million. The country has a Temperate climate, temperate seasonal climate. Its capital and List of cities and towns in Latvia, largest city is Riga. Latvians, who are the titular nation and comprise 65.5% of the country's population, belong to the ethnolinguistic group of the Balts and speak Latvian language, Latvian. Russians in Latvia, Russians are the most prominent minority in the country, at almost a quarter of the population; 37.7% of the population speak Russian language, Russian as their native tongue. After centuries of State of the Teutonic Order, Teutonic, Swedish Livonia, Swedish, Inflanty Voi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Congress Of Trade Unions
The Irish Congress of Trade Unions (often abbreviated to just Congress or ICTU), formed in 1959 by the merger of the Irish Trades Union Congress (founded in 1894) and the Congress of Irish Unions (founded in 1945), is a national trade union centre, the umbrella organization, umbrella organisation to which trade unions in both the Republic of Ireland and Northern Ireland affiliate. Influence There are currently 55 trade unions with membership of Congress, representing about 600,000 members in the Republic of Ireland. Trade union members represent 35.1% of the Republic's workforce. This is a significant decline since the 55.3% recorded in 1980 and the 38.5% reported in 2003. In the Republic, roughly 50% of union members are in the public sector. The ICTU represents trade unions in negotiations with employers and the government with regard to pay and working conditions Structure The supreme policy-making body of Congress is the Biennial Delegate Conference, to which affiliated unio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ireland
Ireland (, ; ; Ulster Scots dialect, Ulster-Scots: ) is an island in the North Atlantic Ocean, in Northwestern Europe. Geopolitically, the island is divided between the Republic of Ireland (officially Names of the Irish state, named Irelanda sovereign state covering five-sixths of the island) and Northern Ireland (part of the United Kingdomcovering the remaining sixth). It is separated from Great Britain to its east by the North Channel (Great Britain and Ireland), North Channel, the Irish Sea, and St George's Channel. Ireland is the List of islands of the British Isles, second-largest island of the British Isles, the List of European islands by area, third-largest in Europe, and the List of islands by area, twentieth-largest in the world. As of 2022, the Irish population analysis, population of the entire island is just over 7 million, with 5.1 million in the Republic of Ireland and 1.9 million in Northern Ireland, ranking it the List of European islands by population, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish Confederation Of Professional Employees
The Swedish Confederation of Professional Employees (, TCO, literary ''White-collar workers' Central Organisation'') is a national trade union centre, the umbrella organisation for 12 trade unions in Sweden that organise professional and other qualified employees in both the private and the public sectors. The affiliated trade unions represent about 1.2 million employees. In 2018, the TCO affiliated unions made up 37% of all active trade union members in Sweden (up from 17% in 1950), making the confederation the second largest of Sweden's three major confederations. The largest TCO affiliate is Unionen with 551,000 active members in 2018. TCO is independent and not affiliated to any political party in Sweden. TCO is an affiliate of the European Trade Union Confederation and Eurocadres. History TCO is the product of two confederations that merged in 1944. The older organisation was the Confederation of Employees ( or DACO) founded in 1931 by seven private sector white collar unio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sweden
Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic country by both area and population, and is the List of European countries by area, fifth-largest country in Europe. Its capital and largest city is Stockholm. Sweden has a population of 10.6 million, and a low population density of ; 88% of Swedes reside in urban areas. They are mostly in the central and southern half of the country. Sweden's urban areas together cover 1.5% of its land area. Sweden has a diverse Climate of Sweden, climate owing to the length of the country, which ranges from 55th parallel north, 55°N to 69th parallel north, 69°N. Sweden has been inhabited since Prehistoric Sweden, prehistoric times around 12,000 BC. The inhabitants emerged as the Geats () and Swedes (tribe), Swedes (), who formed part of the sea-faring peopl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Conduct Authority
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom. It operates independently of the UK Government and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers, and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms. Like its predecessor the FSA, the FCA is structured as a company limited by guarantee.Goldsworth, J., ''Lexicon of Trust & Foundation Practice'' ( Wendens Ambo: Mulberry House Press, 2016)p. 140 The FCA works alongside the Prudential Regulation Authority and the Financial Policy Committee to set regulatory requirements for the financial sector. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the Unite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Foundation For Credit Counseling
The National Foundation for Credit Counseling (NFCC), founded in 1951, is the largest and longest-serving nonprofit financial counseling organization in the United States. NFCC member agencies provide access to financial counseling services for consumers. The organization's headquarters is in Washington, DC and is led by Mike Croxson, their Chief Executive Officer. Services NFCC member agencies provide financial reviews and education to more than a million consumers each year in person, over the phone, or online. Every NFCC member agency client receives comprehensive money management services based on their individual needs. NFCC member agencies provide a variety of services including: * Credit/Debt Counseling * Bankruptcy Counseling * Housing Counseling- includes first-time homebuyers, reverse mortgage counseling, foreclosure prevention, * Debt Management Plans * Credit Report Reviews * Financial Education * Additionally, one-third of NFCC members are multi-service agencies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Attorney General
The state attorney general in each of the 50 U.S. states, of the District of Columbia, federal district, or of any of the Territories of the United States, territories is the chief legal advisor to the State governments of the United States, state government and the state's chief law enforcement officer. In some states, the attorney general serves as the head of a state department of justice, with responsibilities similar to those of the United States Department of Justice. Selection The most prevalent method of selecting a state's attorney general is by popular election. 43 states have an elected attorney general. Elected attorneys general serve a four-year term, except in Vermont, where the term is two years. Seven states do not popularly elect an attorney general. In Alaska, Hawaii, New Hampshire, New Jersey, and Wyoming, the attorney general is appointed by the governor. The attorney general in Tennessee is appointed by the Tennessee Supreme Court for an eight-year term. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
