Burr Forman

OCTOBER 13, 2020

These PPP loans were vital lifelines for many borrowers at the height of the COVID-19 pandemic earlier this year, and the SBA reports that over 5 million PPP loans were extended. If the PPP borrower’s PPP loan is satisfied in full, then no approval is required.

Loans 40

Loans Lender Trade Acquisition 40

Collection Industry News

SEPTEMBER 28, 2021

Student loan debt for older adults, their children, and their grandchildren has been rising for decades. The median debt amount for Americans older than age 50 was three times more in 2016 than it had been in 1989, especially for home, credit card, and student loan debt. Source: site. Those days are over. percent in 2019 versus 2.9

Student loans 40

Student loans Student Loans Education Loans 40

Troutman Sanders

MARCH 8, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. State Activities. Senate passed a $1.9

Financial services 52

Financial services Retail Foreclosure Financial Institution 52

Fico Collections

FEBRUARY 18, 2021

The FICO Advisors team of consultants has just published our third COVID-19 bulletin to help banks adapt and thrive in these unprecedented conditions. Historical data that overlaps with the COVID-19 economy should be avoided or used with caution, since credit need/payment behavior will not represent “business as usual”.

Banks 59

Banks Retail Loans Government 59

Credit Corp

AUGUST 26, 2020

Before COVID-19, August meant most parents were gearing up to see their kids off to school and return to the normal schedules offered by fall. Make sure to account for any new or expected costs—such as the cost of masks or remote learning tools during COVID-19. Research student loan options.

Education 98

Education Student loans Student Loans Creditworthiness 98

True Accord

MARCH 31, 2022

For one, the consumer credit market is looking strong with signs of expansion, specifically, originations for credit cards and personal loans are increasing. And don’t forget pandemic-related medical expenses from Covid-19 testing and treatment. But there are silver linings, as well. Boiling This All Down.

Lender 58

Lender Personal loans Foreclosure Loans 58

Credit Corp

JANUARY 25, 2022

According to Pew Research, 44% of people believe the financial impact of the COVID-19 pandemic is long-lasting. The more account types you have in good standing on your credit report, the more likely you are to get approved when you go for a low-interest car loan, personal loan, or mortgage. Snapshot of Card Features.

Banks 98

Banks Personal loans Loans Trade 98

Collection Industry News

JULY 12, 2021

Use of revolving credit such as credit cards is a leading driver of this borrowing, although people are taking out more auto loans as well. This excludes mortgage loans, which make up the largest debt category. And the price of used cars has skyrocketed this year , driving an increase in auto loan borrowing.

Consumer Credit 40

Consumer Credit Credit Card Debt Loans Government 40

Sawin & Shea

MARCH 14, 2023

In this blog, we’ll share the details regarding this exemption increase, the different exemption categories, and how these exemptions impact Chapter 7 and Chapter 13 bankruptcy. When filing, you are allowed to exempt a portion of your home’s equity, tangible personal property, and intangible personal property. What Are Bankruptcy Exemptions?

Bankruptcy 64

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Debtor 64

Better Credit Blog

NOVEMBER 18, 2021

We use it in our daily lives in many forms, including mortgages, car loans, and credit cards. A key difference between them is that each model weighs the categories on your credit report differently. For example, FICO Score gives each category a set percentage, while VantageScore ranks each one on how influential it is.

Lender 59

Lender Loans Personal loans Bankruptcy 59

Credit Corp

NOVEMBER 23, 2021

Research Ahead of Time to Understand COVID Safety Restrictions. Check Google and business websites to find out whether they’re implementing any special processes for COVID-19 safety reasons. Stay home if you’re sick or experiencing COVID-like symptoms. Snapshot of Card Features.

Retail 98

Retail Government Loans 98

Credit Corp

JUNE 1, 2021

List ongoing monthly expenses in four categories: fixed costs that stay the same every month (such as a mortgage or rent payment); variable expenses that change each month but are “must-buy” items (such as food, gas, and medicine); savings (it’s a mandatory “bill”); and spending money. Will you be traveling (post-COVID-19)?

Student loans 97

Student loans Student Loans Credit Card Debt Loans 97

Credit Corp

MARCH 8, 2023

Whether or not you can get a loan—and at what interest—often depends on your credit. Breaks your credit performance down into five major categories, scoring each with an easy-to-understand letter grade. During the COVID-19 pandemic, the credit bureaus started offering this perk once a week.

Credit Counselor 98

Credit Counselor Education Lender Credit Bureau 98

BN Lawyers

MARCH 23, 2020

Although the relative importance depends on the particular facts and circumstances, the categories below reflect the general importance for most service industry businesses. These parties could foreclose or repossess the property securing the loans. Failing to pay certain creditors is will cause more problems than others.

Bankruptcy 67

Bankruptcy Creditors Lender Lawyers 67

Credit Corp

APRIL 5, 2021

Student loans get a bit of a bad rep in the news related to the amount of debt they cause. But if you’re looking to advance your career with a necessary degree, student loans might offer a way to pay for your education so you can improve your future. So how do student loans work? How Does Paying Back Student Loans Work?

Student loans 64

Student loans Student Loans Loans Education 64

Titan Consulting

AUGUST 2, 2020

Home Equity Loans and Home Equity Lines of Credit (HELOCs) are convenient, cost-effective ways to access capital from your home’s value. Lenders are increasing the requirements for borrowers to qualify due to the COVID-19 pandemic. Banks are tightening lending policies due to the economic fallout from COVID-19.

Loans 70

Loans Debt Consolidation Lender Credit Card Debt 70

Credit Corp

DECEMBER 1, 2020

But because of assistance measures put in place for COVID-19, you can get a free copy from each bureau every week through April 2021. Consider Taking Out a Personal Loan to Consolidate Debt. A debt consolidation loan doesn’t get rid of your debt, but it might make it more manageable. Snapshot of Card Features.

Credit Card Debt 64

Credit Card Debt Consolidate Debt Debt Consolidation Personal loans 64

Troutman Sanders

MAY 3, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. You may access this interactive tool at [link].

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Fico Collections

JANUARY 26, 2022

Our most popular posts in this category last year dealt with valuable disciplines, collections predictions, multi-channel vs. omnichannel communications, collections optimization and digital-first collections approaches for the COVID-19 period. Student Loan Challenges. Debt Collection Approaches for the Covid-19 Recovery.

Collections 52

Collections Student loans Student Loans Government 52

Troutman Sanders

AUGUST 14, 2023

Analisa Torres ruled that three out of four categories of XRP token sales did not constitute an investment contract. On August 8, the Office of the Comptroller of the Currency (OCC) issued a bulletin to provide banks with guidance regarding the applicability of the legal lending limit to purchased loans. Ripple Labs , et al. ,

Financial services 52

Financial services Foreclosure Banks Loans 52

Fico Collections

JULY 6, 2020

Across EMEA, most countries have now moved past the peaks of the COVID-19 driven lockdowns and restrictions, but the challenges of debt collection in the pandemic remain. Volumes of consumers entering collections were not as high as expected during and following the COVID-19 pandemic peaks.

Collections 52

Collections Creditors Banks Credit Bureau 52

Fico Collections

JANUARY 27, 2022

The most popular posts in our Customer Development category dealt with credit card payments, open banking, trends for financial services and small business lending — as well as FICO’s listing as a top risk management firm. The Impact of Covid-19 on Credit Card Payments . Here are extracts from those posts.

Banks 52

Banks Financial services Lender Financial Institution 52

Fraser

FEBRUARY 24, 2021

The Paycheck Protection Program (“PPP”) was created as part of the CARES Act , passed last spring, which amended the Small Business Act (“SBA”) to provide short term loans to companies with fewer than 500 employees. Existing PPP Loans. Second PPP Loans for Eligible Borrowers. The Act repealed this provision.

Loans 55

Loans Government Lender 55

Troutman Sanders

AUGUST 17, 2020

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. State Activities. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Debt collector 52