Titan Consulting

MAY 3, 2020

All three for-profit credit reporting agencies, Experian, Equifax and Transunion compile and report consumer credit and debt payment activity and sell this consumer information to lenders seeking to grant credit. Here’s why: Who Decides Your Credit Score? Key Takeaways. Final Thoughts.

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Credit Bureau Lender Retrieval Debt Consolidation 56

Troutman Sanders

OCTOBER 30, 2023

The FTC’s Safeguards Rule requires nonbanking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe. The CRA is a landmark law enacted in 1977 to address systemic inequities in access to credit.

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Financial services Financial Institution Trade Banks 52

Fico Collections

JANUARY 15, 2021

The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted. We hope that what readers learned helped instill confidence in keeping credit flowing during uncertain times.

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Fico Collections

AUGUST 29, 2022

During the first year of the pandemic, the combination of government stimulus programs such as the CARES Act and payment accommodation programs offered by lenders helped millions of consumers stave off missed payments. FICO® Score at 716, Indicating Improvement in Consumer Credit Behaviors Despite Pandemic. See all Posts.

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Credit Bureau Government Lender Loans 98

Titan Consulting

MAY 10, 2020

The new FICO XD scoring model retrieves information from sources like the National Consumer Telecom and Utilities Exchange to collect data on payments to utility, cell phone service, internet, and cable television providers and uses the payment history data from these and other sources to build a credit score.

Retrieval 52

Retrieval Lender Debt Consolidation Loans 52

Credit Corp

JANUARY 9, 2022

These are scores lenders use when evaluating you for credit, including mortgages, auto loans and credit cards. Seeing more than two dozen of your scores helps you get a comprehensive idea of where your credit stands. Protecting your identity and your credit with comprehensive identity protection.

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Lender Consumer Credit Credit Card Debt Banks 98

Troutman Sanders

OCTOBER 4, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. In reviewing the market for potential consumer harm, the report presents the latest research on consumer card use, cost, and availability.

Financial services 52

Financial services Financial Institution Foreclosure Student loans 52

True Accord

JULY 5, 2022

1.75% with the central bank expected to deliver more 50+ basis point rate hikes this year. While the markets are pricing these into forecasts , consumers will feel them more acutely in a number of ways. If you’re in charge of recovering debt, you may be readying for an uphill battle.

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Lender Debt collector Loans Personal loans 52

Credit Corp

JANUARY 7, 2021

Unfortunately, holiday credit card debt lingers far longer than leftover turkey. If you don’t—or can’t—repay holiday debt promptly, it’ll accumulate over time. Here’s why: You can use a 0% introductory APR to pay your holiday debt off over time without incurring any interest charges. TD Cash Credit Card.

Debt Consolidation 108

Debt Consolidation Student loans Student Loans Loans 108

Better Credit Blog

JANUARY 20, 2022

This is why many people engage the services of a debt relief agency. TransUnion calculates that paying off $5,000 of credit card debt at the minimum rate costs $10,000 in interest. The fees you can expect to pay for Freedom Debt Relief’s services range from 15–25%. National Debt Relief vs. Freedom Debt Relief.

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Creditors Credit Card Debt Unsecured Debt Debt settlement 76

Collection Industry News

OCTOBER 17, 2023

Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march higher. Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. There are 70 million more credit card accounts open now than in 2019, it said.

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