Latest Debt News

Arrow Global ready to buy up more debts though student loans are off the table
The firm has also paid £122.9m for loan portfolios with a face value of £1.1bn in the year so far, including three debt books in Portugal. Banks and credit card providers in Europe and the UK are continuing to sell off poorly-performing debts as they …

EM corporate debt: a bank run in the making?
Data from the BIS, illustrated in the charts below, show that, even as total debt levels of EM firms have increased, the gap between gross leverage (debt/ earnings) and net leverage (debt-cash/ earnings) has widened. In other words, a greater …
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Florida man claimed to be juvenile in credit card fraud ring, Ridgefield Park

Florida man claimed to be juvenile in credit card fraud ring, Ridgefield Park
CVP EXCLUSIVE: A Florida man was being held on $ 100,000 bail in the Bergen County Jail after authorities discovered that he wasn't a juvenile, as he'd claimed, while being arrested by Ridgefield Park police as part of a credit card fraud ring. Robert …

Police: Credit card fraud suspect sought
New Castle County police are asking for the public's help in identifying a woman who used a victim's credit card to make unauthorized purchases last month, Sgt. Jacob Andrews said. The incident occurred Oct. 23 about 12:43 p.m. at the Home Depot in …
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Eckoh pins growth hopes on battle against card fraud
Eckoh pins growth hopes on battle against card fraud. Telecoms group Eckoh results set to show US campaign against credit card fraud could be foundation for international growth. man holding a selection of credit cards: Credit card fraud jumps as …

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In economics and marketing

Typically when business people and economists talk of consumers they are talking about person as consumer, an aggregated commodity item with little individuality other than that expressed in the buy/not-buy decision. However there is a trend in marketing to individualize the concept. Instead of generating broad demographic profile and psycho graphic profiles of market segments, marketers are engaging in personalized marketing, permission marketing, and mass customization.

There is increasing backlash from the public over use of the label “consumer” rather than “customer”, with many finding it offensive and derogatory.

In law and politics

Within law, the notion of consumer is primarily used in relation to consumer protection laws, and the definition of consumer is often restricted to living persons (i.e. not corporations or businesses) and excludes commercial users. A typical legal rationale for protecting the consumer is based on the notion of policing market failures and inefficiencies, such as inequalities of bargaining power between a consumer and a business. As of all potential voters are also consumers, consumer protection takes on a clear political significance.

Concern over the interests of consumers has also spawned much activism, as well as incorporation of consumer education into school curricula. There are also various non-profit publications, such as Consumer Reports and Choice Magazine, dedicated to assist in consumer education and decision making, and Consumer Direct in the UK.

In the context of the Indian Consumer Protection Act 1986, a consumer is clearly differentiated in that a consumer consumers a commodity or service either for his personal domestic use or to earn his livelihood. Only consumers are protected as per this act and any person, entity or organization purchasing a commodity for commercial reasons are exempted from any benefits of this act. Furthermore, Indian case law has quite a few references on how to distingush a consumer from a customer.

In intelligence studies

Within intelligence studies, it refers to the political staff consuming and requesting intelligence.


^ Cross, Robert G. (1997). Revenue management: hard-core tactics for market domination. Broadway Books. pp. 6671. ISBN 0-553-06734-6. 


^ Krohn, Lauren (1995). Consumer protection and the law: a dictionary. ABC-CLIO. ISBN 0-87436-749-2. 

^ “An Institutional Analysis of Consumer Law”. Vanderbilt Journal of Transnational Law. Retrieved 2007-01-29. 

^ “Consumer vs Customer”. 

See also

Wikibooks has a book on the topic of


Alpha consumer

Consumer debt

Consumer leverage ratio

Consumer theory


Consumers’ cooperative




Mass customization

Mental health consumer

Consumer reporting agency

Consumer protection

Consumer organization

Consumer Direct

National Consumer Agency (NCA)

Informed consumer

Consumer forum

Categories: Economics terminology | Consumer theory | Marketing

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Latest Credit Bureaus News

How credit bureaus minimise banks' NPL challenges
Non-performing loans are at the lowest level in the history of Nigeria and it would continue to hopefully get better, according to Tunde Popoola, managing director/CEO of CRC Credit Bureau limited. Non-Performing Loans (NPL) remain a major risk in …
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CBN, credit bureaux mull framework to improve lending to small businesses
WITH only five per cent of small and medium enterprises accessing bank loans the Central Bank of Nigeria (CBN) and the credit bureaus may further explore credit reporting initiatives in addressing the financing challenge by small businesses. Indeed …
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Home Loan Insurance

Mortgage Insurance

Рrimаrу purpose of mоrtgаgе insurаnсе is to рrоtесt lenders in еvеnt of house lоаn default. Bоrrоwеrs рurсhаsе this insurаnсе and рау the рrеmiums; subsequently, insurаnсе соmраniеs рrоmisе to make the remaining mоrtgаgе рауmеnt in саsе of lоаn default- In оthеr terms, the lending company bесоmеs the bеnеfiсiаrу of mоrtgаgе insurаnсе роliсiеs! Tуреs of mоrtgаgе insurаnсе all mоrtgаgе insurаnсе роliсiеs саn be brоаdlу саtеgоrizеd into 2 tуреs, nаmеlу, (1) Рrivаtе Mоrtgаgе Insurаnсе and (2) Mоrtgаgе Рrоtесtiоn Insurаnсе. Have the following lines understand аbоut these 2 tуреs in details (1) Рrivаtе Mоrtgаgе Insurаnсе (РMI) If уоu’rе unable to аffоrd 20per cent down рауmеnt on уоur mоrtgаgе lоаn, then уоu mау require рurсhаsing а Рrivаtе Mоrtgаgе Insurаnсе or РMI. This insurаnсе роliсу рrоtесts уоur loan provider аgаinst reduction if уоu default on уоur lоаn rерауmеnt. There are 2 tуреs of РMI, which are dеsсribеd blow. (i) Bоrrоwеr-раid РMI: it really is а tуре of РMI wherein the bоrrоwеr рауs the insurаnсе рrеmium. Frequently, уоu’ll need certainly to рurсhаsе it if уоu’rе unable to make the required down рауmеnt on уоur home lоаn. Additionally it is rеfеrrеd to as ‘Trаditiоnаl Mоrtgаgе Insurаnсе’ or BРMI (Bоrrоwеr-Раid Рrivаtе Mоrtgаgе Insurаnсе). (ii) Lender-раid РMI: When lender рауs for РMI, then it are rеfеrrеd to as LРMI (Lender-Раid Рrivаtе Mоrtgаgе Insurаnсе). Hоwеvеr, loan provider rесоvеr the рrеmium соst by the addition of it into mоrtgаgе lоаn interest- Usually, this insurаnсе is рurсhаsеd by а loan provider in саsе of high lоаn-to-value mоrtgаgе. (2) Mоrtgаgе Рrоtесtiоn Insurаnсе Mоrtgаgе рrоtесtiоn insurаnсе соvеrs уоur house lоаn рауmеnts when уоu’rе struggling to make уоur monthly mоrtgаgе installments. Оwing to its соvеrаgе, this insurаnсе is sоmеtimеs rеfеrrеd to as mоrtgаgе рауmеnt рrоtесtiоn insurаnсе. Mоrtgаgе рrоtесtiоn insurаnсе саn be divided in to 3 tуреs, which are talked about blow. (i) Mоrtgаgе Life Insurаnсе: the advantages of mоrtgаgе life insurаnсе are sоmеwhаt comparable to any оthеr life insurаnсе роliсiеs. This mоrtgаgе insurаnсе is mеаnt to рау down уоur remaining mоrtgаgе lоаn in the еvеnt of уоur dеаth. If уоu рurсhаsе this insurаnсе, it’ll save уоur members of the family from losing their house. (ii) Mоrtgаgе impairment Insurаnсе: Mоrtgаgе disability insurаnсе рrоmisеs which will make уоur month-to-month house lоаn рауmеnts within the еvеnt of уоur рhуsiсаl impairment. Hоwеvеr, уоu саn аvоid рurсhаsing this insurаnсе if уоu have actually оthеr tуреs of disability insurаnсе роliсiеs. The аmоunt of соvеrаgе is generally dереndеnt uроn уоur sаlаrу at that time уоu bесоmе disabled; often, the соvеrаgе аmоunt differs bеtwееn 50-70 % of уоur sаlаrу. (iii) Mоrtgаgе Unеmрlоуmеnt Insurаnсе: its quite оbviоus thаt уоu’ll fасе trouble in creating уоur month-to-month mоrtgаgе рауmеnts inside еvеnt of уоur sudden task loss. You саn have mоrtgаgе unеmрlоуmеnt insurаnсе thаt саn соvеr уоur month-to-month home lоаn рауmеnts if уоu instantly bесоmе unеmрlоуеd. Some insurаnсе соmраniеs mау оffеr соmbinеd mоrtgаgе рrоtесtiоn insurаnсе, wherein уоu get the advantages of both mоrtgаgе unеmрlоуmеnt insurаnсе and mоrtgаgе disability insurаnсе! Sоmеtimеs, mоrtgаgе impairment insurаnсе is оffеrеd as а rider with mоrtgаgе life insurаnсе. Thеrеfоrе, it’s аdvisаblе thаt уоu сlеаrlу undеrstаnd the tуреs of соvеrаgе bеfоrе рurсhаsing уоur mоrtgаgе insurаnсе.

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In Foreclosure & Should Refinance? Your Present Lender Might Help Refinance

In Foreclosure & Should Refinance? Your Current Lender May Help Refinance

If you should be in foreclosure and have to re-finance, consult your existing lender first. It is important would be to take action. In the event that you get yourself started the process early sufficient you have got an excellent possibility of stopping foreclosure and saving your home. Understand, that in the event that you certainly can’t manage your property, you will need to produce other options including selling and purchasing an inferior house. If your present financial hardships came to exist due to a short-term economic setback, if you take activity you are making development getting yourself back on the right track.

In property foreclosure ensures that you’ve got missed some repayments on your home loan, and the lender has begun the method to take control your home. Sometimes this may take up to a-year the last gavel to-be dropped as well as for that drop your house. Remember that the lender will not like to undergo this process. Every home on the publications is a liability, so that they want you in which to stay your house making payments, and they’re going to use you to try this. Especially now during this period because there are so many folks facing foreclosure.

Lots of people in foreclosure need certainly to refinance to enable them to get repayments being less expensive. Often men and women get caught up in a variable price home loan, or a balloon repayment and certainly will maybe not make those repayments. If you have at least 30percent equity at home, you have got a very good chance of refinancing and putting a stop on property foreclosure process. But you must act quickly.

If you are in foreclosure the necessity to refinance may seem great. But there are some other choices. Maybe you are in a position to take-out a second mortgage that would protect the rear payments and belated fees which would permit you to get trapped. Often they’re known as foreclosure financial loans. These financial loans could have a top interest and a rather temporary, of 2 to 5 years, however it lets you reunite on course.

As I stated early in the day, you need to act rapidly. When you be more than ninety days late in your home loan, most lenders wont consider any type of financing for you personally. But you can still find other available choices. Financing modification is just initiated after your bank account is now seriously delinquent. there are additionally personal lenders and businesses that particularly assist those who cannot go to a conventional lender.

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Home loan rates set to drop more as HSBC introduces record low mortgage of

Home loan rates set to drop more as HSBC introduces record low mortgage of
HSBC's 0.99 per cent mortgage rate is a discounted variable – it tracks slightly below an in-house interest rate set by the bank which will typically change in line with policy rates. The Post Office offers the cheapest fixed-rate mortgage at 1.43 per …
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US Average Rate on 30-Year Home Loan 4.01 Percent
Average U.S. mortgage rates drifted lower this week, with the benchmark 30-year loan slipping below 4 percent. Here's a look at rates for fixed and adjustable-rate mortgages this week and over the past year: …
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Learn to Fill the Credit application

See: To download the Credit form in printable format and realize about the utilization of …
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Latest Unsecured Credit Card News

How to pick the right loan
An unsecured loan is not linked to any kind of collateral. Anyone with good credit should be able to take out a personal loan, but you will only be able to borrow up to £25,000 and interest rates may be higher than would be charged on a secured loan.
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Are You Afraid to Apply for Credit?
When they can't get credit the traditional way, some consumers turn to payday loans — quick, unsecured loans that carry high interest rates. As the name implies, most of these loans are taken out with the intent of paying them back as soon … While …
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Gloucester and Mathews weekly crime log
A West Virginia tag, 3RU185, was taken and a backpack taken from inside the unsecured vehicle. The backpack was later recovered in the … 9, a report of credit card fraud was taken, which occurred in Dallas, Texas. Fraudulent transactions of $ 1,900 …
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Cost gap widens at 95pc LTV

Price gap widens at 95pc LTV
The equivalent price for this extra borrowing reached a fresh record of 15.81per cent in September, rising by almost the full percentage point since March to within two percent of September's normal credit card price (17.47%). … Crone, Genworth vice president …
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Additional borrowing cost of 95 per cent mortgages hits record high
The same price for this extra borrowing reached a fresh record of 15.81 percent in September, increasing by almost a full percentage point since March – to within two % of September's typical bank card price (17.47 %). stk130587rke …
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Product launch of this week: Santander's cashback provides
We review Santander's brand new cashback service, which makes it possible for debit and bank card clients to make cashback when they invest with certain retailers. … Ruben Justel, director of consumer commitment, cards and unsecured signature loans at Santander UNITED KINGDOM stated …
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Latest Debt News

'Scottish Power sent bailiffs to break into my home over previous tenant's debts'
Nevertheless, Scottish Power sent the bailifs to change the meters. The pay-as-you-go meters were preloaded with the debt from the customer, and would deduct £15 from any credit Mr Stoner put onto the meter, in effect, billing him for the previous …

UK High Court court wades into Argentina's debt crisis
Those funds have been frozen on the instructions of a New York court, which ordered that the bondholders should not receive payment until the country paid back debt it defaulted on in 2001. The hedge funds, which are owed €226m, have been seeking to …
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Don't mention the debt
The consequences have been extreme. They include huge losses (euphemistically 'haircuts') imposed on investors in Greek debt, drastic cuts in public services and social dislocation brought about by painful austerity. High unemployment rates, especially …
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Home equity loans soar in metro Phoenix

Home equity loans soar in metro Phoenix
Home equity loans soar in metro Phoenix. PHOENIX — Home equity loans jumped 60 percent in the Valley, according to a new RealtyTrac survey released today. Loading… Post to Facebook. Home equity loans soar in metro Phoenix PHOENIX — Home …

Reverse Mortgage Or Home-Equity Loan?
Two options for doing so are reverse mortgages and home-equity loans. Both allow you to tap into your home equity without the need to sell or move out of your home. These are different loan products, however, and it pays to understand your options so …
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Freddie Mac: Homeowner demand for home equity loans doubles
Homeowners are taping into their home equity at double the pace due to continual home price increases, pulling more borrowers out from underwater, Freddie Mac's third-quarter refinance report said. However, despite the surge in demand, the dollar …
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How to Avoid the Risk of Credit Score Damage Caused by Maxing Out Your Card

How to Avoid the Risk of Credit Score Damage Caused by Maxing Out Your Card

Putting a lid to the expenses you make on your cards is a big step to raising your score and preventing damage on your credit report if you’re to have a good rating. Judging from my present and daily experience of asking consumers questions, I’d say that a great number of people are still yet to find out the exact factors that puts them into financial trouble. Unfortunately, these troubles start from somewhere and one of the sources is the plastic money carrier given to us by banks and other companies.

The principle used by bureaus to calculate how much points they should deduct from your total score when using your card is based on the balance ratio formula. It is always expressed to the hundred. What I mean by this is that the total limit given to you on your card is considered at 100 percent. This is then compared against how much you’ve expended. If it is discovered that you’ve been spending close to the limit or you’ve been extravagant enough to max out your card, then you can be sure that you’re planning a financial suicide. Or in figurative terms, you’re on gradually on the brink of bankruptcy. Your card-provider interprets this to be financial desperation and thus report it to the bureaus.

The safe and positive option which will help you avoid the risk of damage to your file and also add good extra points to your total is to stay within the 20% zone. This is what I consider the “comfort zone.” For instance, if your total is $ 50,000, keeping your expenses below $ 10,000 will ensure that you’re building a good score gradually.

In any case, you’ll find the option of acquiring a restoration kit for the removal of other damage-causing accounts useful. This will be the point where you begin repair work on your file. Fixing your file is worth the effort when the benefits are considered, even if you’ve got a few negatives.

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Yaron Answers: Credit Score Agencies

Yaron Brook answers a question from Joseph: “What are credit scores agencies and what part did they play when you look at the economic crisis?”

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Latest Identity Theft Cover Information

Anthony Smith :Five Approaches To Shield Yourself Against On Line Identity Theft
In most instances, scammers want to take information regarding your identity being defraud you or other individuals of hard-earned money. The main element is usually to be mindful of the by using the online world and also to follow these straight-forward guidelines to protect …
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The President's BuySecure Initiative: Protecting People In America from Credit Card
President Barack Obama signs an Executive purchase to give customers with additional tools to secure their financial future by helping victims of identification theft, improving the Government's repayment protection as a person and a provider, and accelerating the …
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Obama Announces New Steps to Safeguard Against Identity Theft, Fraud
“Identity theft is The united states's fastest-growing criminal activity,” Mr. Obama stated. “You must be able to choose the items that you may need without risking your identification, your credit score or your cost savings.” The chip-based cards won't prevent information breaches but will …
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Protection Officer Features Identity Theft Cover Information
(10/23/14) — Security Officer Stephanie Townsell of very first United Bank introduced on the subject of identity theft during the Madisonville Lions Club luncheon Wednesday, Oct. 15. “Identity theft encompasses in excess of what people understand,” stated Townsell.
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Unsecured Loans Are Attractive for People With Good Credit

Unsecured Loans Are Attractive for People With Good Credit
Banks are encouraging consumers to use personal loans to pay off credit-card and other types of debt that carries a higher interest rate. Lenders originated $ 34.5 billion of personal loans during the first six months of the year, up 8.7% from the same …
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Rising bad debts a warning to banks
In response, SA's big four banks – FirstRand, Standard Bank, Barclays Africa Group and Nedbank – have all put the brakes on unsecured lending. This is as 9.95-million out of 22.12-million credit-active South Africans had impaired credit records at the …

Build Your Credit Score
If you're good about paying your bill on time and have a good job, you could apply for an unsecured credit card in as soon as six to eight months. Once you get an unsecured credit card, cancel the more expensive secured card. For more on this, see …
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How To Get Medical Bills In Collections Off My Credit Report?

How To Get Healthcare Bills In Collections Off My Credit Report?
Should your credit report is precise, discovern't a whole lot can be done to truly have the earlier debts eliminated, regrettably. Time may be the just solution, therefore takes seven years for collection accounts to-fall away from your report. But current changes in the …
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Free credit record not necessarily easy to find
Consumers are whining that they cannot quickly access free copies of the credit file. Queries rolled in after cash went an account recently about the new regime that came into impact in March, where monthly payment histories on loans and credit …
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National Debt Relief Shares Popular Reasons For Mistakes in Credit History
Nationwide Debt Relief recently shared articles, published on October 18, 2014, with some easy methods to deal with a mistake into the credit report of customers. The content explains a few of the most typical explanations as to how mistakes gets into customers …
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Newest Financial Obligation News

We owe a financial obligation to Lord Freud
David Freud will now survive as a minister, having unintentionally provided a public-service with his unfortunate opinions towards employment of men and women with handicaps. Alastair Campbell, former hit assistant to Tony Blair, last week …
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BLACK DOG: Truth dawns on financial obligation gaffe Ed
A Labour insider features explained Ed Miliband's choice to call-off a Shadow Cabinet reshuffle. 'he’d currently chickened from sacking Ed Balls, whom he can't stand, when he forgot the shortage in the seminar speech, it abruptly dawned on him that …
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Winchester chapel becomes base of debt assistance center
Winchester centre manager Barry Smith said: “The Church has always been about offering hope and we're actually happy to manage to provide a tried-and-tested course off debt alongside various other great free debt advice in your community like Frontline and Citizens …
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Airdrie MSP and council leader clash over poll taxation financial obligation
The Airdrie and Shotts MSP said it might be reckless for council to chase historic debts and that the cost of chasing these arrears is much better compared to the quantities recouped. Mr Neil added: “These figures prove my point. “Nearly £25 …
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