Jimerson Firm
NOVEMBER 2, 2020
Lenders are responsible for servicing and liquidating all of the 7(a) loans in their portfolio. Lenders and CDC’s must be cognizant about their responsibilities and authority in servicing and liquidating SBA loans because failure to do so properly may lead to formal enforcement actions by the SBA Office of Credit Risk Management.
Nerd Wallet
JUNE 22, 2021
A signature loan is a fixed-rate, unsecured personal loan offered by an online lender, bank or credit union. It’s called a signature loan because it’s secured by your signature instead of collateral, like a car or an investment account. Getting approved for a signature loan will likely depend on your creditworthiness.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Credit Corp
JANUARY 24, 2024
Lenders consider multiple factors when you apply for loans and credit cards , including your credit score and current finances. While the algorithms that determine your creditworthiness may be complex, the credit approval process itself is fairly straightforward. What Are the 5 C’s of Credit Approval? How Do I Apply for a Mortgage?
Sawin & Shea
FEBRUARY 8, 2023
Bankruptcies can impact your credit, but you can take steps today to rebuild your creditworthiness. An unsecured credit card does not require collateral to obtain approval. With an unsecured credit card, the lender assumes the risk of lending money to the borrower without any collateral in case the borrower defaults on their payments.
Credit Corp
MARCH 7, 2021
Online lenders make it easy to compare rates and terms and find the right online personal loan for your situation. That is, the lender advances you money that you pay back with interest over a predetermined period of time. This often allows digital lenders to streamline the applications. Fast Approval. Convenient Process.
Collection Industry News
MAY 18, 2021
While consumer groups praised the bill for its recourse for consumers harassed by debt collectors, CUNA and NAFCU saw the bill as complicating the legal relationship between consumers, members and lenders. In the letter, Nussle stated, “Lenders rely on complete and accurate credit reports when underwriting loans.
Credit Corp
JUNE 12, 2023
A personal loan is money borrowed from a lender that can be used for almost any purpose, from debt consolidation to home improvement projects. You have to receive a personal loan through an authorized lender, typically a bank or credit union. This can range anywhere from months to years, depending on the lender and your needs.
Expert insights. Personalized for you.
94 
Let's personalize your content