Remove about at-a-glance
article thumbnail

Financial Hardship Letter: Definition, Sample, and Free Template

Credit Corp

This may influence which products we write about and where and how the product appears on a page. After providing details about your hardship, such as the cause and timeline, request that the creditor provide a mutually beneficial solution. Many or all of the products featured here are from our partners who compensate us.

article thumbnail

Peering Over The Edge Of The Financial Cliff

Fico Collections

The six month pause on payments instituted by Australian Banks was certainly not designed to accommodate the situation we now find ourselves in. Currently, banks are moving to phase 2 where their customers’ individual circumstances are discussed at length and an assessment is made on the need for ongoing support. Source: [link].

Banks 95
article thumbnail

Bankruptcy Disclaimer Did Not Violate FDCPA

Consumer Financial Services Law

At first glance, the decision appears to be in conflict with the Sixth Circuit’s prior decisions in Glazer v. In those cases, the Sixth Circuit concluded that foreclosure proceedings are debt collection. In 2016, the bank engaged the defendant law firm to foreclose on the underlying real property. Fabrizio & Brook, P.C.,