Collateral Creditworthiness Debt settlement 
Collection Industry News
APRIL 24, 2025
It will also improve privacy protections and prevent debt collectors from pressuring consumer to pay bills they dont owe. The bureau reports that, even though it leads to thousands of denied loan applications annually, medical debt is a poor predictor of a borrowers creditworthiness.
Better Credit Blog
MAY 4, 2022
If you take out a loan secured on your house or another asset and you don’t keep up repayments on it, the loan provider could seize that collateral. But, in the longer term, debt consolidation often improves your credit score. If you’re not missing or making late payments anymore, your creditworthiness will increase.
Collection Industry News
JUNE 10, 2024
It finalized, it would: Remove exceptions that let lenders use information about medical debt to make determinations about someone’s creditworthiness. Prohibit credit reporting agencies from including medical debt on credit reports sent to creditors if the creditor is prohibited from considering it.
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