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Collection Industry News
MARCH 28, 2022
This is classic leadership by indecision — and it’s exactly not what the country needs,” San Francisco-based student loan refinancing startup SoFi ( SOFI ) CEO Anthony Noto told Yahoo Finance Live (video above). “We We need decisive leadership — we need the administration to take a stand. The payment pause worked — now what?
Debt Recoveries
AUGUST 29, 2021
Profit is great, on paper, but if you have not collected the payments from your sales, even though your books will show a nice profit, your cash flow may well be terrible because you are still waiting for people to pay. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily. .
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Katabat
MARCH 30, 2021
The story notes: “But as more people are vaccinated and the country sees a return to normal life on the horizon, payments on trillions of dollars of those debts could resume soon, even if debtors remain out of work or in financial distress because of the economic crisis the outbreak wrought.”. It isn’t all sunshine and roses, though.
Debt Recoveries
MARCH 26, 2020
Profit is great, on paper, but if you have not collected the payments from your sales, even though your books will show a nice profit, your cash flow may well be terrible because you are still waiting for people to pay. Debtors paying sooner will create a faster flow of cash so you can reduce your borrowings, or fund growth more easily.
Troutman Sanders
JUNE 22, 2021
Federal Activities: On June 18, the Federal Housing Administration (FHA) announced updates to its student loan monthly payment calculations to help provide greater access to affordable single-family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color.
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