Related Consumer Finance Programs - The following sub-directories of companies offer a wide variety of financial programs to assist you with the management of your finances. Consolidate debt with a consolidation loan or use a debt counseling service or mortgage refinance for help with the consolidation of your charge card debt and other monthly payments.
- Personal Loan Companies - Looking for a small loan? Start at the personal loans directory, where you can shop and apply with different lenders and related services online.
- Credit Debt Management - Do you feel that your credit card bills are stacking up with nowhere for you to turn? Your problem is not unique. Signing up with debt management firm may be the right solution to your debt problems. Review different firms offering these services to determine if this is the correct option for you.
- Debt Settlement Service - Too much debt? List of companies providing this alternative to bankruptcy that provides for debt negotiation and arbitration services for those that need to eliminate debt.
FDIC Insurance: Do You Know As Much As You Think You Know?
Misconceptions: A Top 10 List
Misconception Number 2: Changing the order of names or Social Security Numbers can increase the coverage for joint accounts.
Many depositors mistakenly believe that by changing the order of Social Security Numbers, rearranging the names listed on joint accounts, or substituting "and" for "or" in account titles, they can increase their insurance coverage.
"Consumers are always telling us that they thought they could get more coverage if they did something like title one account for 'Mary and John Smith' and another account for 'Mary or John Smith,'" said Kathleen Nagle, chief of the Deposit Insurance Section in the FDIC's Division of Supervision and Consumer Protection. "These moves will have no impact on joint account coverage. The FDIC will simply add each person's share of all the joint accounts at the same institution and insure the total up to $100,000." (Note: Each person's share is presumed to be equal unless stated otherwise in the deposit account records.)
FDIC Consumer News is published by the Federal Deposit Insurance Corporation
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Last updated on 5/09/2006