credit agency

Examples of credit agency in the following topics:

• The Export-Import Bank of the United States

  • The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government.
  • The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government.
  • It was established in 1934 by an executive order and made an independent agency in the Executive branch by Congress in 1945.
  • Its purpose is to finance and insure foreign purchases of United States goods for customers unable or unwilling to accept credit risk.
  • Export Credit Insurance provides insurance policies to U.S. companies and banks to mitigate risks of non-collection from foreign buyers and borrowers.

• Credit Ratings

  • It is an evaluation made by a credit rating agency of the debtor's ability to pay back the debt and the likelihood of default.
  • Credit ratings are determined by credit ratings agencies.
  • Therefore, some rating agencies simply report short-term ratings.
  • These are assigned by credit rating agencies such as A.
  • Each credit rating agency designates the quality of bonds with letters.

• The National Credit Union Administration (NCUA)

  • The NCUA is the independent federal agency created by the U.S.
  • The National Credit Union Administration (NCUA) is the United States independent federal agency that supervises and charters federal credit unions.
  • The chartering of credit unions in all states is due to the signing of the Federal Credit Union Act by President Franklin D.
  • At first, the newly created Bureau of Federal Credit Unions was housed at the Farm Credit Administration.
  • Responsibility for regulation would shift over the years as the agency migrated from the Federal Deposit Insurance Corporation to the Federal Security Agency, then to the Department of Health, Education, and Welfare.

• The Small Business Administration

  • The Small Business Administration (SBA) is a United States government agency that provides support to entrepreneurs and small businesses.
  • The Small Business Administration (SBA) is a United States government agency that provides support to entrepreneurs and small businesses.
  • SBA loans are made through banks, credit unions, and other lenders who partner with the SBA.
  • Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after credit froze in 2008.
  • The agency had record lending volumes in late 2010.

• Commercial Paper

  • Since it is not backed by collateral, only firms with excellent credit ratings from a recognized rating agency will be able to sell their commercial paper at a reasonable price.
  • Commercial paper is a lower cost alternative to a line of credit with a bank.
  • Once a business becomes established and builds a high credit rating, it is often cheaper to draw on a commercial paper than on a bank line of credit.
  • Nevertheless, many companies still maintain bank lines of credit as a backup.
  • Banks often charge fees for the amount of the line of the credit that does not have a balance.

• The Federal Deposit Insurance Corporation (FDIC)

  • The Federal Deposit Insurance Corporation is an independent agency whose mandate is to maintain stability and public confidence in financial system.
  • An independent agency of the federal government, the FDIC was created in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s.
  • United States banks and credit unions are closely regulated and supervised to ensure that consumer money is safe.
  • Banks and credit unions are required to comply with regulations.The Federal Deposit Insurance Corporation (FDIC) insures deposit accounts for banks and the National Credit Union Administration for credit unions.
  • The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system.

• Developing Services

  • Service products are offered by a wide variety of industries such as barbers, travel agencies, and consulting firms.
  • Service products are reflected by a wide variety of industries: utilities, barbers, travel agencies, health spas, consulting firms, medical care and banking, to name but a few.
  • An industrial customer might be keenly interested in related services such as prompt delivery, reliable price quotations, credit, test facilities, demonstration capabilities, liberal return policies, engineering expertise, and so forth.
  • Credit and financing: With the increased acceptance of debt by the consumer, offering credit and/or financing has become an important part of the total product.
  • For certain market segments and certain products, the availability of credit may make the difference between buying or not buying the product.

• Collection from Delinquent Payables

  • If an individual does not repay borrowed money to a credit card company and 6 months of nonpayment have passed, the credit card company may declare a "charge-off. " This means that the debt is "written off as uncollectable," so that the credit card company will get a tax exemption on that debt.
  • A charge-off is the declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected.
  • A charge-off is one of the most adverse factors that can be listed on an individual's credit report, greatly impacting an individual's ability to get credit in the future.
  • Methods of collection that can be used include contacts from internal collections staff, outside collection agencies, or if the amount is large (generally over $1500–$2000), there is the possibility of a lawsuit or arbitration.
  • Explain the ramifications of failing to repay credit card and loan debts

• Agencies

  • An advertising agency or advert agency is a service business dedicated to creating, planning, and handling advertising for its clients.
  • An advertising agency or advert agency is a service business dedicated to creating, planning, and handling advertising (and sometimes other forms of promotion ) for its clients.
  • Ad agencies come in all sizes and include everything from one or two-person shops (which rely mostly on freelance talent to perform most functions), small- to medium-sized agencies such as Traction (agency), large independents such as SMART, and multi-national, multi-agency conglomerates such as Omnicom Group, WPP Group, Publicis, Interpublic Group of Companies, and Havas.
  • Media agencies concentrate on media buying.
  • Media buying agencies are sometimes a good choice for larger businesses.

• Obtaining Credit

  • The credit card company uses the credit report, provided by the credit bureau, to determine if the lender is likely to pay back the loan.
  • Types of credit include: bank credit, consumer credit, public credit, and investment credit.
  • The purest form is the credit default swap market, which is essentially a traded market in credit insurance.
  • The term "credit reputation" can either be used synonymous to credit history or to credit score.
  • In the U.S., when a customer fills out an application for credit from a bank, store or credit card company, their information is forwarded to a credit bureau.