Bankruptcy Abuse Prevention and Consumer Protection Act of 2005:
How Could It Affect You or Your Business?
The reforms signif-icantly impact both individual and small business owners ability to receive bankruptcy relief via more stringent limits on bankruptcy options. Small businesses are affected because nearly 20 percent of the individual bankruptcies filed in 2004 were actually owners of small, unincorporated businesses.
One Size Does Not Fit All in the World of AR Best Practices
Building a strong AR department is essential for business success. In a time focused on best practices, and AR improvement strategies, many organizations are struggling to define success surrounding the entire credit to cash cycle.
The History of Credit Cards – It All Started In The 18th Century
1950 marked the real beginning of the credit card most of us are familiar with today. Diner’s Club, Inc. introduced the first credit card that could be used at a variety of stores and businesses. This card was established primarily for businessmen to use for travel and entertainment expenses.
The History of Credit Reports – Creditor vs. Consumer
As the use of consumer credit grew, merchants recognized the need to share information about customers so they could make wise credit decisions. This need grew into the development of credit bureaus. The first credit bureaus were non-profit cooperatives, owned by the merchants who participated in them.
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