Rules under the recently modernized Credit Unions Act and the Cooperatives Act took effect on Jan. 1.
When a consumer owes money to a company and is not paying or is unable to make the minimum payment, sometimes the company will turn the debt over to a collection agency. A collection agency is a business that arranges for the payment of outstanding account balances and money owed to a company.
Buying a new (or new-to-you) vehicle is a major purchase and an exciting experience often wrapped up in a surprising amount of emotion. For many people, their vehicle is more than a tool to get from A to B. They’re often an expression of personal style, a bit of a status symbol, and represent freedom. Of course, it’s important to remember that’s it’s also a major financial commitment.
Collection Agency Rules
The Record Keeper
Who is working with you and your money?
How you handle money over the next few years is key in reaching your future financial goals. One of your goals may be financial freedom – having enough money down the road to travel, pursue your passion and enjoy life.
Given the challenges millennials face, this may seem like a daunting goal.