Credit: Good or Evil?
Credit, unfortunately, is the driving force of our economy. It’s involvement in everything we do is apparent. It finances our homes, our vehicles and even our vacations. It also allows us to pay for our appliances or hotel rooms. In short, credit, when used wisely, is quite handy.
There certainly are benefits to having credit. It allows you to carry less cash or rent a car without a lot of hassles. Ever tried to shop online without credit? Not impossible, but it’s pretty darn hard.
Read the rest of this entry »
Prohibited Collection Practices In Canada
Are creditors or debt collectors harassing you
In May of 2001, Federal, Provincial and Territorial Ministers Responsible for Consumer Affairs ratified a harmonization initiative that will enable all provinces and territories to implement a common list of prohibited collection practices. This consistent approach to the collection practices of companies, that are now often doing business in multiple jurisdictions, will ensure clarity for consumers, the industry and regulators. The practices discussed included such issues as excessive pressure, disclosure and privacy. In April 2003, the CMC Working Group on collection agencies agreed upon a revision to the harmonized list.
