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Asset-Driven Approaches in NPL Management & Collections Tech

Qualco

This approach involves taking proactive measures, even when the credit is still in good standing, and the creditor has not yet taken possession of the collateral. This categorisation is pivotal in effectively monitoring the collateral portfolio and ensuring consistent practices when performing valuation calculations.

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Master the 5 C’s of Credit

Nerd Wallet

While a “C” average may feel middle-of-the-road on an academic scale, nailing the five C’s of credit is the key to getting business funding from banks and other financial institutions. Jackie Zimmermann is a writer at NerdWallet. Email: articles@nerdwallet.com.

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Integrating Judicial and Extrajudicial Strategies in Portfolio Management

Qualco

Managing loan portfolios becomes a labyrinth for financial institutions in a financial ecosystem marked by unrelenting complexity and constant change. Consequently, financial institutions operate within an economy marked by contraction and sustained inflationary pressures.

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Decentralized Finance (DeFi) is an Emerging Business Trend

Nexa Collect

A system that interacts buyers, sellers, borrowers, or lenders with peer-to-peer technology to access financial products or financial services bypassing middlemen such as financial institutions. DeFi markets allow users to borrow cryptocurrencies on margin using other digital assets as collateral.

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New Mexico APR and Excluded Charges Rule Becomes Effective

Troutman Sanders

On March 29, the New Mexico Financial Institutions Division of the Regulation and Licensing Department’s (NM FID) new rule on the New Mexico-Annual Percentage Rate (NM-APR) becomes effective.

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How to Get a Loan With No Credit History

Credit Corp

Instead of reviewing your credit history, the lender will consider other factors, such as your income and employment status or collateral, to get a secured loan. No-credit-check loans are commonly offered by payday lenders or other companies that offer extremely high interest rates or require you to put down something of value as collateral.

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How to Find the Right Online Personal Loan for You

Credit Corp

When talking about the concept of online personal loans, it’s important to touch on the differences between secured and unsecured loans: Secured loans are those where collateral is put up to secure the loan. For instance, a home would act as collateral in a mortgage or home equity line of credit (HELOC).