Credit Corp

MARCH 7, 2021

Online loans can deliver convenience and a high-quality experience. When talking about the concept of online personal loans, it’s important to touch on the differences between secured and unsecured loans: Secured loans are those where collateral is put up to secure the loan. A car might be put up as collateral for an auto loan.

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Jimerson Firm

JANUARY 19, 2021

One of the most common reasons a borrower may request an assumption is because the borrower wants to sell their business, along with all of the collateral, to some other entity. Essentially, the assignor-borrower is requesting that another person “step into their shoes” as it relates to the loan.

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Qualco

APRIL 15, 2024

Leveraging QUALCO’s extensive experience in consulting across Europe in collections and recoveries, the solution reflects the depth of knowledge and practical insights our solution design department has accumulated. This wealth of experience has been applied to develop this powerful solution, ensuring it meets lenders’ complex demands.

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Sawin & Shea

FEBRUARY 8, 2023

An unsecured credit card does not require collateral to obtain approval. Unlike secured credit cards, which require a security deposit that serves as collateral, unsecured credit cards are approved based on your creditworthiness, income, and other factors.

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Sawin & Shea

APRIL 10, 2024

Reaffirming Debts in Chapter 7 Bankruptcy Chapter 7 bankruptcy allows you to discharge your unsecured accounts, but you cannot do away with a creditor’s a security interest, meaning a debt with collateral must either get paid or the collateral property surrendered.

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Burr Forman

FEBRUARY 17, 2021

Republican-appointee Commissioners Roisman and Peirce issued a statement on February 12 publicly disagreeing with Acting Chair Lee’s recent fiat discontinuing the Enforcement Division’s practice of proposing settlements that are contingent upon the Commission’s approval of waivers for collateral disqualifications arising from the settlement.

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Payment Savvy

JULY 21, 2023

No Collateral Required – Personal term loans are typically unsecured, meaning you don’t need to put up any assets as collateral. With equipment financing, the equipment itself serves as collateral for the loan. If you default on your payments, the lender can seize the equipment to recoup their losses.

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Sawin & Shea

OCTOBER 11, 2023

If a debt is secured, it means it is backed up by collateral property. If a debt is unsecured, no collateral is put up as a guarantee to pay. An attorney with experience in bankruptcy law can help you with filings and guide you through the complicated, often confusing process.

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Taurus Collect

MAY 24, 2022

This results in a long, complicated, and incomplete collection process and hinders them from offering a smooth customer experience. In such cases, generally, collateral is kept against the given debt. This allows the lender to receive money after attaching the assets or obtaining the collateral in possession.

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Jimerson Firm

FEBRUARY 2, 2021

Environmental Investigations are required, for example, before a lender or CDC can acquire the title to commercial real property collateral by purchasing it at a foreclosure sale or accepting a deed-in-lieu of foreclosure, or taking over the operation of a borrower’s business that uses a hazardous substance. What Are Environmental Risks?

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Lender Collateral Loans Foreclosure 76

Sawin & Shea

DECEMBER 21, 2023

For Collections Against Property In a Chapter 7 case, creditors secured by property collateral have some additional options. The bankruptcy attorneys at Sawin & Shea, LLC have years of experience working with cases just like yours. This states whether the debtor will surrender, redeem, or reaffirm secured debts.

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Sawin & Shea

MARCH 7, 2023

With over 65 years of combined bankruptcy and consumer protection legal experience, we know what it takes to help our clients achieve financial freedom and successfully complete their Chapter 7 bankruptcies. It is important to talk to a bankruptcy attorney about what might be at risk in your case.

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Sawin & Shea

NOVEMBER 24, 2021

The Court allows these actions so that a creditor can recover collateral for which they are not receiving payment. When the stay is lifted in this manner, the collateral is no longer protected, but the creditor cannot pursue payment of the underlaying debt from the debtor. The automatic stay is a temporary protection in bankruptcy.

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Sawin & Shea

NOVEMBER 24, 2021

The Court allows these actions so that a creditor can recover collateral for which they are not receiving payment. When the stay is lifted in this manner, the collateral is no longer protected, but the creditor cannot pursue payment of the underlaying debt from the debtor. The automatic stay is a temporary protection in bankruptcy.

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Collections Law

JANUARY 13, 2023

If your debtor hasn’t declared bankruptcy, there are several ways we can use to try to get you paid, even if you don’t have collateral or a court judgment yet. We have more than 50 years of experience getting our clients paid. Since your debtor isn’t in bankruptcy, we can pursue the debt aggressively. At the Law Offices of Alan M.

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Sawin & Shea

DECEMBER 7, 2022

Secured debts refer to debts with collateral, such as a home or car. We have years of experience helping Indiana residents become debt free. With Chapter 7 bankruptcy , you reaffirm your secured debts while discharging unsecured debts. For seasoned bankruptcy attorneys in Indiana, contact Sawin & Shea, LLC.

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Qualco

NOVEMBER 7, 2023

These often involve initiating legal proceedings against debtors intending to repossess, auction, and sell collaterals or executing payment orders to seize the debtor’s assets or income. This experience and QUALCO’s technological edge translate into ongoing strategic advantages.

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Burr Forman

JANUARY 26, 2022

Much of his practice includes representing various interests in Chapter 11, pursuing claims of commercial lenders against the debtor, the collateral, and guarantors in bankruptcy, federal, state, and receivership courts. Houston IV was named in the Bankruptcy & Financial Restructuring, especially Litigation specialty.

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Sawin & Shea

APRIL 17, 2024

We have years of experience assisting Indiana residents with the bankruptcy process, and we offer FREE consultations. Fortunately, you can obtain a secured card that includes collateral. If you have additional questions regarding Chapter 13 or Chapter 7 bankruptcy, contact the attorneys at Sawin & Shea, LLC.

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Fico Collections

MARCH 18, 2021

Liquidity – With lockdowns and curfews being implemented, many corporates and households will experience a loss of income. Fair value – Hugely subjective right now, but any fair values of collateral that affect your ECL model will need to be revised as the market adjusts.

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Troutman Sanders

AUGUST 15, 2023

For example, activities such as crypto-asset custody, crypto-collateralized lending, facilitating crypto-asset trading, and engaging in stablecoin/dollar token issuance or distribution. This includes the risk that the dollar token could experience substantial redemptions in a short period of time that would trigger rapid outflows of deposits.

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UK debt collections

NOVEMBER 17, 2023

When the business defaults on payments, their personal assets can be used as collateral in order to repay the debt. Furthermore, they may be able to provide you with guidance on how best to protect your personal assets should the business experience financial difficulties in the future.

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Debt Free Colorado

DECEMBER 9, 2021

Bankruptcy is a challenging, life-altering experience. . Unsecured debt is debt without collateral. Collateral guarantees debt repayment. Choosing Between Chapter 7 and 13. Are you considering bankruptcy? Whether it’s Chapter 7 or 13, you have options. This is a secured obligation.

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Fico Collections

APRIL 12, 2023

Asset-backed securities are initiated when a financial institution creates securities collateralized or backed by the cash flows generated from the underlying group of assets in the securitized pool. mortgage-backed securities), auto loans, and credit card balances. These asset-backed securities are then sold to investors.

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Lender Financial Institution Collateral Loans 52

Sawin & Shea

AUGUST 23, 2023

Examples of secured debt that Chapter 7 does not eliminate include: Student loans (unless you can prove undue hardship) Certain types of tax debt Child support or alimony Chapter 7 can eliminate secured debts like mortgages and cars only if you surrender your interest in the collateral.

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Collections Law

MAY 7, 2021

Through over 45 years of collective experience, we seek to use the most effective methods to aggressively, ethically, and relentlessly collect on unpaid court judgments. When that does not happen, we pursue collateral approaches. Finding Your Debtor’s Assets.

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Debt Free Colorado

DECEMBER 30, 2023

Here are some factors to consider: Assessing Debt Types: Evaluate the nature of your debts—unsecured debts like credit cards may make bankruptcy a viable option, while secured debts tied to collateral may not be adequately addressed through retirement savings. Get the help you need in managing retirement savings in bankruptcy.

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Collection Industry News

OCTOBER 22, 2023

In Dr. Adams’ experience, the threat that an unpaid bill could end up on a credit report incentivized patients to pay their bills. Harm and collateral damage from unintended consequences can occur on many fronts- including reduced access to healthcare. collection agencies) to attempt to collect the unpaid balances.

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Jimerson Firm

JANUARY 22, 2021

A few considerations include, but are certainly not limited to: requiring borrowers to obtain business interruption insurance that includes broad coverage such as pandemic coverage; requiring unconditional guarantees; requiring an assignment of rents provision; or properly securing the loan with adequate collateral. Authors: Austin T.

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PBWT

NOVEMBER 20, 2022

These motions often seek an array of emergency relief, such as the ability to use cash collateral or to continue paying employees. A new CEO was appointed to take over, one who has vast experience running troubled companies in chapter 11 cases.

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Sawin & Shea

JUNE 7, 2023

The guarantor may be required to provide collateral or security to the lender to reduce the risk of the loan. Fortunately, you don’t need to file alone — you can enlist the experience and dedication of our Indiana Chapter 7 and Chapter 13 bankruptcy attorneys.

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Credit Corp

SEPTEMBER 16, 2020

That’s because you provide all of the collateral for the loan in cash, so it’s not a risk for the lender. These are very similar to credit building loans, but they use funds you already had in savings as collateral. And if you’ve made all your payments on time, you’ve been successfully building your credit all along.

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Student loans Student Loans Personal loans Loans 106

Collections Law

OCTOBER 5, 2020

With over 45 years of collective experience, our team uses all of the debt collection tools they have at their disposal to try to collect the most money possible from your debtors. Attachments can be used to seize collateral such as real estate or bank accounts to create a path for debt recovery on the judgment.

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Fico Collections

JULY 29, 2020

They will need to redefine the value chains where they participate, benefit and add value, so they can find the additional productivity and profit available when you deliver an improved customer experience. . Take education, for example. It opened many people’s eye to models that were there all along.

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Fico Collections

JULY 13, 2020

With over 20 years of fraud-fighting experience working for large banks and insurers, Andy offers FICO’s automotive clients deep domain expertise. So, while a vehicle is financed with what is technically a collateralized loan, in the case of auto finance fraud, it really isn’t. Here are the highlights of our recent conversation. .

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Collections Law

JULY 1, 2020

As a creditor, hiring an attorney who has decades of experience in judgment collections can put a plan in place that will increase your chances of receiving a judgment payment from the debtor. A mechanic’s lien is collateral. The Law Offices of Alan M. Cohen LLC focuses on debt collection in Massachusetts.

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Burr Forman

FEBRUARY 25, 2021

CEO Vlad Tenev pointed to its clearinghouse’s January 28 demand that Robinhood post $3 Billion in additional cash collateral as the primary reason for its halt on GME purchases. He has over 34 years of experience representing financial institutions in litigation, regulatory, and compliance matters. Tenev’s testimony is here.

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