Collection Industry News

MAY 18, 2021

Restrictions on the reporting or consideration of certain debt prevents lenders from seeing borrowers’ complete debt circumstances and clouds lenders’ ability to fairly assess borrowers’ creditworthiness. Clarify FDCPA coverage for non-judicial foreclosures. Specifically, the organizations opposed Title VIII of H.R.

Lender 40

Lender Foreclosure Collections Debt collector 40

Sawin & Shea

JUNE 7, 2023

When a borrower applies for a loan or credit card, the lender will assess their creditworthiness by looking at their income, credit score, and debt-to-income ratio. The guarantor may be required to provide collateral or security to the lender to reduce the risk of the loan.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Personal loans 52

Credit Corp

OCTOBER 25, 2023

Since payment history is the most important factor that influences your creditworthiness, not making payments on time can damage your credit score. With this method, you’re essentially taking out a secured loan and using your home as collateral. There is a possibility of home foreclosure if you fall behind on payments.

Credit Card Debt 52

Credit Card Debt Debt Consolidation Credit Unions Credit Unions 52