Remove Banks Remove Consumer Credit Remove Creditworthiness Remove Loans
article thumbnail

Dealing with Debt Collectors

Debt Free Colorado

The Fair Debt Collection Practices Act (FDCPA) applies to collection firms and debt collectors attempting to recover consumer debts. Consumer debts include credit card debts, vehicle loans, medical costs, and school loans. What is Colorado Uniform Consumer Credit Code (Colorado UCCC).

article thumbnail

How to Use Alternative Data to Build Your Credit Report

Titan Consulting

If you are trying to establish credit for the first time, or just rebuild your credit after a financial hardship, non-traditional data sources may be helpful in establishing or improving your credit score. Rental agencies and alternative credit providers use the data to screen applicants and establish consumer credit scores.

Lender 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This Week In Credit Card News: Interest Rates Expected To Keep Rising; Credit Card Trends In 2023

Collection Industry News

Interest Rates on Mortgages, Cars, and Credit Cards Will Keep Getting More Expensive in 2023 Borrowing money to buy a house or a car won’t get any cheaper this year, the nation’s central bank just confirmed. The consulting firm estimates that such changes in consumer payments preferences will put up to $31.4

Banks 40
article thumbnail

Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders

Collection Industry News

In a letter sent to the leaders of the House and Senate , CUNA President/CEO Jim Nussle stated his objections to section 403 of the bill, which would amend the Fair Credit Reporting Act to prohibit credit scoring models from treating certain medical debt information on consumerscredit report as a negative factor.

Lender 40
article thumbnail

White House Signals Strong Consumer Protections in Medical Debt

Troutman Sanders

The Consumer Financial Protection Bureau (CFPB) will investigate credit reporting companies and debt collectors that violate patients’ and families’ rights and hold violators accountable. The Small Business Administration also has committed to ensuring credit access and a vested interest in accurate credit reporting and underwriting.