Collateral Creditworthiness Government 
Collection Industry News
APRIL 24, 2025
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. According to the CFPB, the rule change: Removes exceptions that let lenders use information about medical debt to make determinations about someones creditworthiness.
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. Our country’s mortgage lending system continues to rest on the foundation of enforceable security interests in real property.
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The Kaplan Group
MAY 3, 2022
Depending on the loan type, you may need to meet some financial qualifications, including: Have a healthy credit score Demonstrate a solid business history (For new businesses) share a detailed business plan Potentially offer up collateral. Each loan solution will have a different set of rules, however. Veteran Business Loans FAQ.
The Kaplan Group
MAY 30, 2024
Credit Check : Lenders will assess your creditworthiness to determine loan approval and terms. Grants are funds provided by an organization, government agency, or individual that do not require repayment. What to Expect Research : Understand the types of business loans available and which ones best suit your needs. How do grants work?
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. Bar lenders from using medical devices like wheelchairs and prosthetic limbs as collateral for loans or from repossessing them if someone can’t repay the loan.
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