Related Services - The following directories of companies and services offer a wide variety of financial programs to assist you with handling your debts. Consolidate your bills with a debt consolidation loan or use a debt management or credit counseling service for help with your credit card bills and other payments.
- Debt Settlement Negotiation - If you have too many credit cards and other small debts and are unable to make your payments, this form of debt negotiation may be right for you.
- Credit Card 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.
- Personal Loan Financing - Need a personal loan for debt consolidation? These types of loans often do not require collateral and are available to homeowners, as well as renters.
Update on FDIC Insurance
Increase in $100,000 Limit Under Consideration for Retirement Accounts
As FDIC Consumer News went to print, Congress was close to adopting legislation that would raise the federal insurance limit for certain retirement accounts (Individual Retirement Accounts and other retirement accounts for which you choose the FDIC-insured bank or thrift that gets the deposit) from $100,000 to $250,000. Under the pending legislation, coverage limits for all other consumer accounts would NOT be changed — the standard insurance limit would remain at $100,000 per depositor. Any changes in the insurance rules and their effective dates will be noted on the FDIC Web site at www.fdic.gov.
(Editor’s Note: After FDIC Consumer News went to print, Congress passed the legislation and President Bush signed it into law on February 8, 2006. The current FDIC insurance coverage remains the same until the FDIC adopts the necessary rule changes later in 2006. Watch for more information in future issues of FDIC Consumer News.)
FDIC Consumer News is published by the Federal Deposit Insurance Corporation
FDIC Consumer News is produced quarterly by the FDIC Office of Public Affairs in cooperation with other Divisions and Offices. It is intended to present information in a nontechnical way and is not intended to be a legal interpretation of FDIC or other government regulations and policies. Mention of a product, service or company does not constitute an endorsement.
Find current and past issues of FDIC Consumer News at http://www.fdic.gov/consumernews. Refer to this same index to locate the issues that are specially formatted for being reprinted in any quantity.
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Last updated on 2/02/2006