Collection Industry News

APRIL 13, 2024

How much credit card debt the average American has (and how to pay it off) The average American household now owes $7,951 in credit card debt, according to the most recent data available from the Federal Reserve Bank of New York and the U.S. Census Bureau. But that’s just the average.

Credit Card Debt 40

Credit Card Debt Debt settlement Debt Consolidation Personal loans 40

Troutman Sanders

FEBRUARY 21, 2024

On February 16, the CFPB reported on the first set of results from the newly updated Terms of Credit Card Plans survey. The report alleges that large banks are offering worse credit card terms and interest rates than small banks and credit unions, regardless of credit risk. On February 8, the U.S.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Collection Industry News

MARCH 28, 2022

Proposed registration includes debt settlement services, student debt relief services, postsecondary education financing, and wage-based advances. Research and Market Monitoring. The top complaints appear to have been driven by communications efforts to raise awareness about the DFPI’s expanded authority and mission.

Debt collector 40

Debt collector Education Credit Unions Credit Unions 40

Better Credit Blog

AUGUST 9, 2021

Best Debt Consolidation Loans. LightStream is the online lending division of Truist Bank, and it offers personal loans of up to $100,000 for a variety of needs, including debt consolidation, as well as loans for home improvement costs. “This eliminates expensive revolving credit card rates and extended pay-off timelines.”

Debt Consolidation 52

Debt Consolidation Loans Lender Debt settlement 52

Better Credit Blog

AUGUST 9, 2021

Best Debt Consolidation Loans. LightStream is the online lending division of Truist Bank, and it offers personal loans of up to $100,000 for a variety of needs, including debt consolidation, as well as loans for home improvement costs. “This eliminates expensive revolving credit card rates and extended pay-off timelines.”

Debt Consolidation 52

Debt Consolidation Loans Lender Debt settlement 52

Nexa Collect

JULY 1, 2020

At any given point, we may have several credit scores based on our financial history, as measured by companies such as FICO or VantageScore Solutions, another credit analysis company. Experian reports that the lowest FICO credit score is 300, but no one really stays at such a low score once some financial history has been established.

Bankruptcy 130

Bankruptcy Lender Credit Unions Credit Unions 130