Acquisition Creditors Government Loans 
Jimerson Firm
FEBRUARY 2, 2021
If a borrower defaults on a SBA loan, the lender or CDC must assess the environmental risk of contamination before conducting any liquidation action that could result in a loss, or otherwise increase the risk of loss, due to the actual or alleged presence of contamination. SOP 50 10 5(E), Appendix 2. SOP 50 57 2 ; SOP 50 55.
Troutman Sanders
NOVEMBER 13, 2023
On November 9, the Department of Education (DOE) announced its plan to implement an oversight strategy of federal student loan servicers that provides several pathways for identifying problems that can harm borrowers, in real-time. For more information, click here. For more information, click here. For more information, click here.
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Troutman Sanders
MAY 5, 2022
Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Student Loan Servicing. Auto Servicing. The CFPB sees wrongful repossessions everywhere.
Better Credit Blog
AUGUST 31, 2020
They are a third-party debt collector, which means that they may be hired by your original creditor, or they may purchase your old debt on the chance that you pay them instead. This means that you could be denied credit cards, mortgages, and other financial loans down the road. You may be curious if ConServe is a legitimate company.
Collection Industry News
MAY 9, 2022
Summarized below are those issues identified in the areas of auto servicing, consumer reporting, credit card account management, debt collection, deposits, mortgage origination, prepaid accounts, remittances, and student loan servicing. Student Loan Servicing. Auto Servicing. The CFPB sees wrongful repossessions everywhere.
Better Credit Blog
AUGUST 31, 2020
Covington Credit is a third-party collector that collects payments from you on behalf of the original creditor or as the now-owner of the debt. Future lenders can also see this account and make loan decisions based on the fact that you’ve had a debt move to collections. It is possible that the debt doesn’t even belong to you.
Better Credit Blog
AUGUST 31, 2020
This means that future lenders can see that you had a debt that went to collections, and they can make loan decisions accordingly. They collect on behalf of a variety of industries such as health care, telecommunications, financial institutions, government agencies, utility providers, and many more.
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