Collection Industry News

FEBRUARY 14, 2022

Lewis, who started the company with his wife Linda in Lubbock in 1986 after a career in banking, knew that meant a lot of his employees didn’t have a way to save money, get loans, and other benefits of working with a financial institution. So the Lewises and a few others started a credit union.

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Credit Unions Credit Unions Financial Institution Banks 52

Fico Collections

JANUARY 4, 2023

Though adoption of digital banking and e-commerce has grown substantially in the past three years, it isn't the case that all consumers prefer to use digital means, namely web portals or mobile apps, to apply for new accounts, cards, or loans. Accounts via Digital, Loans Not as Much. Digital Considered Less Secure.

Personal loans 52

Personal loans Loans Banks Financial Institution 52

Credit Corp

MAY 23, 2021

Identity thieves are almost always opportunistic—but the crimes they commit feel very personal. Unauthorized credit card charges, bogus loan applications, missing money, and other financial violations make fraud a major nightmare. You can also use a tool like Credit.com’s Credit Report Card or ExtraCredit to monitor your credit.

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Bankruptcy Financial Institution Lender Credit Bureau 98

Fico Collections

FEBRUARY 9, 2023

Looking at the bigger picture, banks, lenders, financial institutions, industry and commerce are all now facing the same challenges — on a macro scale. It will also put financial institutions in a prime position to flourish in the evolving banking sector.

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Financial Institution Banks Loans Financial services 52

Troutman Sanders

AUGUST 21, 2023

On August 16, the Small Business Administration (SBA) announced the availability of low-interest disaster loans to businesses and residents across the nation, including Mississippi, Illinois, New Jersey, and Oklahoma. However, the FTC may also be interested in the use of AI in customer service and interactions.

Financial services 52

Financial services Banks Loans Financial Institution 52

Credit Corp

JANUARY 14, 2021

Both savings accounts and money market accounts are insured by the Federal Deposit Insurance Corporation (FDIC ) with certain financial institutions, and in both cases, you generally get instant access to your cash. Installment accounts are products like personal loans and car loans, which have fixed monthly payments.

Personal loans 95

Personal loans Loans Lender Financial Institution 95

Troutman Sanders

MARCH 14, 2023

While many Buy Now, Pay Later borrowers use the product without noticeable indications of financial stress, the report finds that Buy Now, Pay Later borrowers will more likely become active users of other types of credit products like credit cards, personal loans, and student loans. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

MARCH 6, 2023

While many Buy Now, Pay Later borrowers use the product without noticeable indications of financial stress, the report finds that Buy Now, Pay Later borrowers will more likely become active users of other types of credit products like credit cards, personal loans, and student loans. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Loans 52

Fico Collections

AUGUST 23, 2021

2: Digital literacy IS NOT financial literacy. digital natives might not be who financial institutions think they are. respondents (49%) under the age of 25 were comfortable downloading a financial institution’s app to open an account. 71%) had lower appetite. #2: Particularly in the U.S.,

Financial Institution 52

Financial Institution Financial services Banks Education 52

Credit Corp

JUNE 1, 2021

Established credit history can impact everything from getting a future loan (such as a mortgage) to renting an apartment. Monthly expenses might include student loan payments, car payments, and credit card payments. Collect Rent. Pay Student Loan Debt. Some Millennials may want to look into loan consolidation.

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Student loans Student Loans Credit Card Debt Loans 97

Better Credit Blog

AUGUST 24, 2021

You’ve likely also heard that a good credit score is essential to getting a mortgage, or a good deal on a personal loan for a car. Simply put, lenders will use this number to make a determination about how likely you are to pay back a loan, based on your history of paying off your credit cards. Ok, got it.

Lender 59

Lender Loans Personal loans Student loans 59

Fico Collections

FEBRUARY 5, 2021

The report – Americans’ Shadow Financial Lives: The Mobile Apps Banks Don’t Know They Use – found that U.S. financial services customers are increasingly engaged in behaviors and relationships that are deeply meaningful and are not on the radar screens of their incumbent providers. Let’s start with an example.

Banks 52

Banks Startups Credit Unions Credit Unions 52

Better Credit Blog

APRIL 11, 2022

If you see an old phone number, chances are it is still on file with the financial institution that issued the loan or credit card. The types of credit accounts you can expect to see in this section include: Mortgages , home equity loans, and home equity lines of credit. Student Loans. Auto Loans.

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Creditors Loans Credit Bureau Lender 15

Fico Collections

MAY 23, 2022

Since introduced, the FICO® Score and FICO® Extended Score have been used by Mexican banks to make more than 200 million credit decisions and originate more than USD$110B in loans: an amount equivalent to 10 percent of Mexico’s GDP. You can read more about this story in the full media release. Changing lives via access to credit.

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Lender Banks Loans Financial Institution 52