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
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...
