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Tips for Improving Your Credit: The Types of Accounts in Your Credit Report

Credit Corp

Depending on the reason, they often do not require collateral. Credit Builder Loans : Credit builder loans are offered by some financial institutions. Cash Advance Fee: 3%, Min $10 Late Fee up to $39 Card Details + Credit Cards Issued by a Retail Store : These are accounts that are issued by the stores where you like to shop.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The Senate Banking Committee questioned Chopra on the CFPB’s oversight of financial institutions providing benefits under the Servicemembers Civil Relief Act (SCRA), medical debt collection, so-called “junk fees,” and the increasing popularity of buy now, pay later (BNPL) products. For more information, click here.

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Top 5 Customer Development Posts of 2020: COVID and Beyond   

Fico Collections

Financial institutions in particular, given their central place in a nation’s economy, need to lead this digital connect. To be clear, this is not only about efficiency in lending. All of this enables businesses to invest more and expand. Many are already on the digital transformation journey and engaging in various partnerships.

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Americans Are Carrying Record Household Debt into 2024

Collection Industry News

This includes mortgages, home equity revolving debt, auto loans, credit cards, student loans and other consumer lending such as retail cards. Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% The total household debt of $17.3 over the same period.

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Top 5 Customer Development Posts of 2021

Fico Collections

Financial Crime – Enterprise Fraud. Retail Credit Analytics. We are committed to helping financial institutions deliver on their digital initiatives while meeting and exceeding customer expectations. In fact, the main attrition driver for financial institutions is a poor banking app.

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After-Tax Cost of Debt – How to Calculate it For Your Business

Debt RR

Small business loans are generally unsecured, so they are a bit riskier for financial institutions, but secured loans can provide confidence to lenders that may otherwise decline an application. Businesses need collateral for secured loans, which can come in different forms: Asset-backed loans. Retail orders.