PPT-Common Types of Consumer Credit

7 July 2015 2 Disclaimer for presentation T his presentation is intended to provide a general overview for information and educational purposes only and is not a comprehensive treatment of the subject matter  The information is provided generally without considering specific circumstances and should not be regarded as a substitute for professional advice  The Investor Education Centre IEC has not advised on passed on the merit of endorsed or recommended any of the productsservices or types of productsservices referred to in this presentation  ReadersAudiences should seek professional advice if they consider necessary. The most common of these services are members of the National Foundation for Credit Counseling NFCC with offices known as Consumer Credit Counseling Services CCCS There are dozens of FUHGLW57347FRXQVHOLQJ57347VHUYLFHV5734757355RU5734757523DGMXVWPHQW Beginnings of Consumer Credit. 1890s: Express Travelers Checks introduced. 1914: Retailer-issued credit cards. 1920s. Service . stations, department stores and hotel chains began offering . credit accounts to customers. Karin Sein, dr iur. Associate Professor of Civil Law, University of Tartu. Introduction. SMS/electronic consumer loans – modern form of usury?. Leads to irresponsible borrowing practices and over-indebtedness of the consumers. Funded by . the . Consumer Action Insurance . Education . Project. What you will learn. Why you need auto insurance. The types of coverage available. How to determine your coverage needs. Why good credit matters. CWAG. . Annual Meeting. July 21, 2015. Washington, DC . ۰. New York . ۰. Philadelphia . ۰. Chicago . ۰. Denver . ۰. Florida . www.cohenmilstein.com. Credit Reports Matter. Access to/cost of credit. Outstanding money owed by consumers. Examples. Credit Card Debt. Student Loans. Mortgages. Why Is This Important?. Americans Love Debt. At the end of 2010, Americans had $1,117,000,000 in CREDIT CARD DEBT. OBJECTIVES. Identify the sources of credit. Understand the types of credit. THE MAIN IDEA. There are many different types of credit . plans including . charge accounts. credit cards. single . payment . © . 2013 . Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.. OBJECTIVES. Explain how you can develop a credit . history. Examine factors . to . consider when . deciding which credit card to . secure. Define . three . factors that creditors consider when . granting credit. Fraud Quiz. Identity Fraud Quiz. How to defend yourself against Fraud. Questions to Consider. What are consumers rights and responsibilities?. What is the purpose of consumer protection laws and agencies?. Key Dimensions and Processes in theUS Credit Reporting temA review of how the nation146slargest credit bureaus manage consumer data DECEMBER 2012 x000 December 2014x0000x0000 x/Attxachexd /xBottxom x/BBoxx 6x665x34 5x090x7 29x604x 61x /Sxubtyxpe /xFootxer /xTypex /Paxginaxtionx 000x/Attxachexd /xBottxom x/BBoxx 6x665x34 5x090x7 29x604x 61x /Sxubtyxp Consumer complaints throughout the credit life cycle by demographic characteristicsConsumer Complaint Research Brief1CONSUMER FINANCIAL PROTECTION BUREAUTable of ContentsTable of Contents11Introductio March 2016 1 CONSUMER FINANCIAL PROTECTION BUREAU Director of the CFPB The Consumer Financial Protection Bureau CFPB or the Bureau began consumer response operations on July 21 2011 as the nations fir