Global Client Solutions
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The Role of FDIC Insurance in Bank Transactions

For nearly 15 years, Global Client Solutions has helped consumers keep their personal finances completely separate from debt resolution companies during the settlement process. Monitored at Global Client Solutions, the Dedicated Account is fully insured by the Federal Deposit Insurance Corporation (FDIC). Established in the wake of the Great Depression, the FDIC is a government agency that protects consumers against the loss of their deposits at banks and savings associations. Consumers with savings at FDIC-insured institutions will be reimbursed dollar-for-dollar if the institution fails or is otherwise unable to repay account holders. For single ownership accounts, the FDIC will insure up to $250,000 in principal plus interest. Savings accounts are the classic FDIC-insured product, but other deposit products also qualify for FDIC insurance. Common examples of FDIC-insured deposit products include money market deposit accounts, certificates of deposits, and checking accounts. In general, investment products such as life insurance policies and stocks are not covered by FDIC insurance. To learn more about products covered by FDIC insurance, visit www.fdic.gov.
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Tips for Managing Your Debt

Founded in 2003, Global Client Solutions offers a banking platform that is targeted toward the debt management industry with the aim of helping both customers and debt management companies. Global Client Solutions works with consumers of all companies as a payment processor, helping clients manage their debts in the process. If you need to gain control over your debts, keep these tips in mind. 1. Always keep tabs on your loans so you know exactly how much you owe, how much you are paying, and how much interest you are paying. 2. Consider consolidating your debts so you can handle them easily. Sifting through scores of loans is time-consuming and can result in errors. 3. Make sure you prioritize your payments so the most important are handled first. Understand the potential consequences of not making a payment on a debt. 4. Pay on time each month so your credit rating stays strong and you don’t end up under a mountain of interest.
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