August, 2021

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What is a good credit score range?

Better Credit Blog

It’s a fairly complicated process, but to simplify it, Corraro says that “data from your credit report goes into five major categories that make up a FICO score. New credit: (10 percent). Loans for a new car. Consider getting a new secured credit card to start building positive history on.”. Payment history: (35 percent).

Lender 59
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CDC, Biden Announce 60-Day Eviction Moratorium in High-Risk Areas

Collection Industry News

Centers for Disease Control and Prevention (CDC) issued a new order (the “Order”) that prohibits evictions in parts of the country experiencing “substantial transmission” of the COVID-19 virus. Michael Machado, a Law Clerk in our New York office, contributed to the writing of this alert. Source: site.

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‘Undue Hardship’ Is Too Strict A Standard To Discharge Student Loans In Bankruptcy, ABA Argues

Collection Industry News

It was the second-highest consumer debt category, behind only mortgages. Jerrold Nadler, a Democrat from New York, introduced the Student Borrower Bankruptcy Relief Act of 2019. John Katko, a Republican from New York, introduced the Discharge Student Loans in Bankruptcy Act of 2019. Both failed to pass, however.