Action: Select each combination of credit control areas, risk categories and document types for which credit checking should be bypassed. Moreover, since I was registered living in Killeen, Texas at the time, I felt that having a local Texas State or regional company handle my debt management and negotiations with tough-guys like CITIGROUP would be very beneficial in both the short and long terms.
However the purchase of Bear Stearns (including its valuable New York office building) in the midst of this Extreme Risk crisis is an example of a survivor (J P Morgan Chase) taking over a failing competitor based on ‘fire sale’ asset values; asset values were falling rapidly as inter-bank credit evaporated and banks frantically chased cash to meet margin calls and other obligations falling due.
As more and more consumers find themselves deeper and deeper in unsecured debt (think credit cards), more and more for profit credit counseling services have sprung up. Some of these services are very good and very fair, but be aware that not all of them are.
Professional credit debt management counselors can help you with personal financial roadblocks such as budget and cash flow, credit card debt management, and housing loan management, to name a few. However, as my new financial planner in Kuwait tells me the American Cowboy can also be the cover for a reckless and poorly managed corporate scheme, like that of the U.S. Credit Management in Texas. If a regular order is placed in August for another $ 30,000 the credit exposure would exceed the credit limit of $ 100,000. Well, U.S. Credit Management simply told Citibank and other lending & credit agencies that the client would go bankrupt if they didn’t agree to back off. Their success and often their very survival depends on effective risk management.
According to your corporate requirements, you can implement credit management that is centralized, decentralized, or somewhere in between. A variety of credit repair services exist, providing everything from credit counselling and debt negotiation to debt consolidation loans and budgeting advice. Many other Texans (and other Americans) lost big in that and related scandals at U.S. Credit Management in the middle part of this decade. Please remember to include the Midland Credit Management Account Number or the accountholder’s Social Security Number, so we know where to apply the payment. They can give you the best payment and management options for your particular circumstances. We specialize in debt recovery and collections for the healthcare, government, education, and consumer markets.