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What Happens if You Ignore Debt Collectors?

Taurus Collect

MARCH 5, 2024

Increased Debt Through Fees and Interest: Many collection agencies add additional fees and interest to the original debt amount. Cash Flow Interruptions: Ignored debts can lead to frozen bank accounts or seized assets, significantly hindering daily operations and the ability to conduct business effectively.

Debt collector 52
Debt collector Asset liquidation Debtor Education 52
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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

FEBRUARY 27, 2023

Overall, the report found that credit risks for syndicated loans — large loans originated by multiple banks — were moderate at the end of the review period. While risks to borrowers impacted by COVID-19 have declined, they remain high for leveraged loans, as well as the entertainment, recreation, and transportation services industries.

Financial services 52
Financial services Banks Loans Retail 52
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