Troutman Sanders

OCTOBER 26, 2020

October 26, 2020, marks the 50th anniversary of the Fair Credit Reporting Act (FCRA, 15 U.S.C. To celebrate this important milestone, Troutman Pepper’s Consumer Financial Services Law Monitor would like to dedicate today’s blog to the FCRA. 1681, et seq.), and throughout the world. and throughout the world.

Fair Debt Collection 52

Fair Debt Collection Financial services Consumer Credit Trade 52

Troutman Sanders

DECEMBER 21, 2021

Credit reporting, including information on loan stacking. User Contacts and Demographics Number of users contacting the provider about items, such as credit reporting complaints and difficulty modifying payment amounts or dates. For more information on this hearing, please see our blog post here. Participating merchant vetting.

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Loans Financial services Collections 52

Jimerson Firm

JANUARY 20, 2023

In the modern age of intentional, targeted fraudulent activity, homeowners may find themselves subject to an increasingly popular form of cybercrime: home title fraud. This blog post aims to inform homeowners that there are practical legal solutions to discover and remedy home title fraud.

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Manufacturing 52

Better Credit Blog

APRIL 30, 2021

Scores fluctuate as new data is added to your credit reports, so achieving a perfect credit score is likely a temporary accomplishment if you do get there. Late payments can remain on your credit report for up to seven years. Credit age is important. Doing so could lower your credit age considerably.

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True Accord

JULY 22, 2020

Most agencies rely on age-old adages or instinct to make operational decisions. To learn how these behaviors have changed during the coronavirus crisis, plus 4 specific actions collection agencies can take to adapt, download our report, Consumer Debt in the Age of COVID-19. .

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Debt collector Retail Collection Agencies Collections Agency 74

Credit Corp

APRIL 17, 2023

Best for: Those who also make money from creating a platform like a blog, YouTube channel or podcast What you need to get started: Discussing other products and services that you can link to 14. You can start a blog reviewing movies, TV shows or books, or you can start a travel or lifestyle blog.

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Trade 94

Fraser

JUNE 8, 2022

Deadline and How to Report. The PCORI fee is due by August 1, 2022 (as the typical due date, July 31, 2022, falls on a Sunday), and must be reported on Form 720. Form 720, as well as the attached Form 720-V to submit payment, must be used to report and pay the requisite PCORI fee to the IRS.

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Better Credit Blog

AUGUST 19, 2020

You’ll never have to puzzle over your credit report again, wondering what could have changed your score or how to strategically work to repair it. Every 30 days, creditors report to the major credit bureaus , telling them whether you make your payment or not. Another factor lenders use to assess your risk is the age of your credit.

Student loans 60

Student loans Student Loans Lender Loans 60

Collection Industry News

MARCH 8, 2021

“The surge in complaints is a signal of the strain the pandemic put on consumers, and of the minefield of tricks and traps they face in the financial marketplace,” Gideon Weissman, Frontier Group analyst and report co-author, stated in a news release about the study, which showed 2020 eclipsed the previous complaint record set in 2019.

Education 40

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Better Credit Blog

APRIL 5, 2022

A collection account will lower your credit score and can generally stay on your credit report for up to seven years. Often, a collection entry will even keep you from getting a mortgage or securing an auto loan, which is why it’s important to do all you can to remove collections from your credit report quickly.

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Sawin & Shea

SEPTEMBER 15, 2021

Old Age and Survivors Insurance (OASI) provides benefits to qualified workers and their family members. The Supplemental Security Income (SSI) provides financial support to aged, blind, and disabled adults and children who have limited income and resources. You do not report a change to the SSA (on time or at all) as required.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Sawin & Shea

SEPTEMBER 15, 2021

Old Age and Survivors Insurance (OASI) provides benefits to qualified workers and their family members. The Supplemental Security Income (SSI) provides financial support to aged, blind, and disabled adults and children who have limited income and resources. You do not report a change to the SSA (on time or at all) as required.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

PDC Flow

AUGUST 17, 2021

The tactics you have in place may be more or less effective based on the age of the account. Dunkum says that when Regulation F goes into effect, strategies regarding credit reporting, call frequency and more may need to be changed. Subscribe to the PDCflow Blog. Subscribe today. Share this post! ABOUT THE AUTHOR -.

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Collections Creditors Collection Agencies Collections Agency 82

Fico Collections

FEBRUARY 22, 2021

This "golden age of AI" is one of the topics explored by the German business magazine GI Geldinstitute in its interview with Will Lansing, FICO's CEO. CDOs often report to the chief information officer, in the IT organization. On the FICO Blog, you quote the Bloomberg news service as saying that Corona could deliver a golden age to AI.

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Financial Institution Government Collections 52

Troutman Sanders

AUGUST 16, 2021

Eligible families received a payment of up to $300 per month for each child under age six and up to $250 per month for each child age six to 17. On August 10, the Consumer Financial Protection Bureau published a report, detailing 16 large mortgage servicers’ COVID-19 pandemic response. million children. On August 13, U.S.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Better Credit Blog

AUGUST 19, 2020

Your credit report is like a report card for your credit history. If you receive a public judgment from a court regarding one of your debts, you can end up with an entry on your credit report. These entries are extraordinarily difficult to get rid of, and they can remain on your credit report for up to seven years.

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Fraser

JULY 1, 2022

Governor Whitmer recently signed into law Michigan House Bills 5041-5048, which increase the number of children family child care and group care homes can serve, and also lowers the minimum age for workers at such businesses. The National Association of Realtors recently reported that existing-home sales in May dropped 3.4%

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Fico Collections

AUGUST 25, 2021

In my previous blog post , we explored how using pooled models can help you say “yes” to more good credit applicants. Does it generate intuitive reason codes to explain what items on the customer’s credit report most negatively influenced the score computation?

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Lender Credit Bureau Creditors Loans 52

Better Credit Blog

NOVEMBER 12, 2021

Regardless of where you apply, lenders will check your credit report and score to get a better idea of your ability to make repayments. Both models give you a rating somewhere between 300 and 850 points, based on the data on your credit report. Annual Credit Report.com lets you pull free reports from the three major credit bureaus.

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Loans Lender Credit Unions Credit Unions 52

National Service Bureau

MAY 18, 2015

Did you know that 2033 is the year that Americans aged 65+ will outnumber those who are 18 and younger? 71% of Americans 65 and older report having a computer in their home (and 62.4% Be sure to check back in July, when we will have a blog about how to handle deceased account holders. This was 14.1% of the population.

Accounts Receivables Management 40

Accounts Receivables Management Collections Collection Agencies Collections Agency 40

Better Credit Blog

NOVEMBER 23, 2020

Whether it’s for a $50 cable bill or a $5,000 hospital bill, a collections entry will stay on your credit report for seven years. But getting an entry from FMS Collections off your report could be easier than you think. In both instances, once your debt reaches this stage, a collections entry is placed on your credit report.

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Debt collector Collection Agencies Collections Agency Collections 52

True Accord

JULY 16, 2020

In our report, Consumer Debt in the Age of COVID-19 , we studied the impact this crisis has had on consumers so far and what it means for the months ahead, based on digital debt interaction data from more than 12 million consumers. Here are four key trends from the report: 1. Want a deeper dive into the data?

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Banks Creditors Collections 55

Better Credit Blog

JANUARY 20, 2022

It was also recently involved in an Arizona State University study that showed clients reported 21% less stress after enrolling in the Freedom Debt Relief Program. Nelson, aged 27, took out a private student loan of $10,000 to cover unforeseen college costs after using up his federal loan. Who Is Freedom Debt Relief Best For?

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Creditors Credit Card Debt Unsecured Debt Debt settlement 76

Better Credit Blog

JULY 14, 2020

If you have noticed a company called Hunter Warfield to appear on your credit report, you are probably being pursued for an old debt. Collection accounts on your credit report can damage your credit score for up to seven years, even if you pay them off. They may appear as ‘hwarfield’ on your credit report.

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Debt collector Collection Agencies Collections Agency Collections 54

AGA

JUNE 11, 2018

Does your current collection partner provide you, at your fingertips, online reporting that provides you access to every piece of information that you need to manage and review their recovery performance, and track how they are working your company’s placements? Can you build any type of custom report that you need?

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Collection Agencies Collections Agency Collections Bankruptcy 40

Fico Collections

JUNE 15, 2021

In January 2021, two million people over age 55 were unemployed , according to an analysis of federal data published by the AARP Public Policy Institute. Keep up with the latest on fighting fraud, scams and financial abuse by following this blog. They accounted for roughly one in five jobless Americans. by Darryl Knopp.

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Credit Unions Credit Unions Banks Education 98

Better Credit Blog

NOVEMBER 24, 2020

When you create your account and enter your information, you grant Chase permission to access your TransUnion credit report. Chase will routinely check your report and VantageScore 3.0, If your credit report changes in any way, you can expect to get an email alert from Chase Credit Journey. Basics of credit reporting.

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Lender Education Bankruptcy Banks 52

Troutman Sanders

JULY 19, 2021

Eligible families would receive a payment of up to $300 per month for each child under age six and up to $250 per month for each child age six to 17. states are responding to the increased threat of ransomware, check out Troutman Pepper’s recent blog post by clicking here. The report suggests that the U.S.-Russia

Financial services 52

Financial services Foreclosure Debt collector Banks 52

Better Credit Blog

MAY 10, 2022

The point is for your issuer to report your positive payment history to the credit bureaus, increasing your credit score. You can check your score: At annualcreditreport.com: This site, run by the three major credit bureaus, lets you download a copy of each of your credit reports once a year. Get a Free Copy of Your Credit Report.

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Credit Unions Credit Unions Banks Loans 90

Fico Collections

JULY 19, 2022

Read special reports from American Banker and Digital Insurance to see how industry leaders – Bank of Montreal and Banco Bradesco in banking, and Mercury Insurance and Reinsurance Group of America – are using FICO Platform to make gains in their customer centricity and management strategies. . chevron_left Blog Home. See all Posts.

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Banks 52

Troutman Sanders

MAY 2, 2023

Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” Chairman Sherrod Brown (D-OH) described consumer credit reports as “riddled with errors.” For more information, click here. On April 27, the U.S. Brown argued that medical debt “correlates with illness,” not with credit risk.

Financial services 52

Financial services Trade Consumer Credit Government 52

On Guard

JUNE 7, 2021

PwC’s Global Economic Crime and Fraud Survey discovered that in 2020, 47% of companies had experienced fraud in the past 24 months, with an average of six reported per company. This blog was also published in Finance Digest. Undoubtedly, the threat of fraud is growing.

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Troutman Sanders

FEBRUARY 16, 2021

On February 10, Acting Director of the Consumer Financial Protection Bureau Dave Uejio published a blog post, sharing the directions he gave to the agency’s Consumer Education and External Affairs unit. On February 9, Wired reported that scammers are claiming to have access to COVID-19 vaccines through social media platforms.

Financial services 52

Financial services Student loans Student Loans Banks 52

Fico Collections

JUNE 14, 2021

As reported by Reuters , Australia-based Afterpay said it saw active U.S. The company says that over half of Afterpay’s customers in the United States are millennials, aged 25 to 40 years old. BNPL saw significant growth in the U.S. during the pandemic. customers more than double to 6.5

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Banks Loans Retail Consumer Credit 52

Better Credit Blog

APRIL 2, 2022

You’ll just answer a dozen or so questions about your age, health, and financial life in order to see a variety of life insurance quotes. Customer reviews report Fiona’s form feels cluttered compared to other loan marketplaces. There is also an FAQ section and an educational blog on Fiona’s site. Fiona Loan Fees.

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Personal loans Loans Student loans Student Loans 80

True Accord

JULY 13, 2020

TrueAccord’s recent report, Consumer Debt in the Age of COVID-19 , found that during times of economic uncertainty, this gap can grow even wider. The post How the collections industry can serve consumers in times of economic uncertainty appeared first on TrueAccord Blog.

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Debt collector Collections Financial services Financial Institution 60

Re:Ceeve

JULY 16, 2020

In our previous blog post , we discussed the economic potential of millennials, their debts, attitudes and habits. Well, this generation now carries more debt than any other and is also the worst hit age group due to the pandemic. Why does this matter to someone in debt collection or banking?

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