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Reshaping Debt Collections with the QCR Accelerator

Qualco

THE NEW ERA OF CONSUMER LENDING In today ’ s rapidly evolving financial landscape, the significant increase in consumer lending presents new challenges for financial institutions, particularly in managing collections.

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What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

Discharging Personal Loans Through Chapter 7 Whether you should discharge a personal loan in Chapter 7 will depend on whether the loan is secured or unsecured. You can discharge an unsecured loan whether it’s current, delinquent, or in default, even if the original lender sold it to a collection agency or debt buyer.

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Is Debt Settlement Legit?

Titan Consulting

State and Federal Regulations for Debt Settlement. Non-profit and for-profit credit counseling agencies assist with budgeting, set up a debt management plan (DMP), and work with creditors to lower the interest rate on enrolled accounts.

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An In-Depth Guide to Bank Account Garnishment in Texas and How to Avoid It

Debt RR

Bank account garnishment is a collection procedure that is authorized by a court. When a creditor or a government authority sues a business or individual for an unpaid debt, one of the options for settling is for the court to give the creditor the right to pull the funds from a bank account. How Long Do Bank Levies Last for Businesses?

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How to Ensure Financial Security in the Future–in 12 Steps

Credit Corp

Pay down debt. For most people, the way to do this is to get rid of unsecured debt that they carry month to month. Collect Rent. Some parents choose to put collected rent payments into a savings account for a young Millennial child to use to furnish their eventual new home or use it as a down payment on a home.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act. For more information, click here. For more information, click here.