Better Credit Blog

MAY 20, 2022

How Personal Loans Affect Your Credit Score. Personal loans are installment loans offered by a bank, credit union, or other financial institution to an individual borrower. Consolidating Debt. Personal loans can help with debt consolidation. And faithfully making payments can quickly boost your credit score.

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Titan Consulting

SEPTEMBER 22, 2020

State and Federal Regulations for Debt Settlement. Consumers earning too much to qualify for bankruptcy liquidation, but too little to meet the required payoff schedule in a credit counseling program can enroll in a debt settlement program and find relief from high interest credit card debt.

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Collection Industry News

APRIL 4, 2022

The CFPB launched a public consultation in January to analyze the markets for credit card fees and “junk fees” to identify potential distortions that may affect consumers and take action if necessary. If we look at the bigger picture of late fee volume, the report also shows a steep decline.

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National Service Bureau

JUNE 23, 2015

trillion of auto loan debt in fourth quarter 2013, rising to $0.95 Auto loans, like credit card debt, can fall under financial institution collections. Here are the numbers from fourth quarter 2014: Credit card debt: $0.70 For comparison, there was $0.86 trillion one year later.

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Collection Industry News

JANUARY 25, 2023

Issuers will likely turn off the spigot of generous incentives and easy credit in 2023 in response to a weaker economy, according to analysts. We spoke to credit experts about emerging credit card trends, how they may impact consumers and how you can prepare. People might find themselves in more credit card debt.

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Katabat

SEPTEMBER 14, 2021

Extended unemployment benefits from states, and supplemental unemployment from the Federal Government was credited earlier in the pandemic with keeping consumer debt and defaults lower than anticipated. In fact, CNBC termed this the “Credit Card Debt Paydown Miracle.”.

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Katabat

SEPTEMBER 14, 2021

Extended unemployment benefits from states, and supplemental unemployment from the Federal Government was credited earlier in the pandemic with keeping consumer debt and defaults lower than anticipated. In fact, CNBC termed this the “Credit Card Debt Paydown Miracle.”.

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National Service Bureau

OCTOBER 13, 2015

More importantly, Congress decided that it was critical for military members to focus exclusively on their mission rather than dealing with potential financial distractions. How does the Servicemembers Civil Relief Act affect debt collections? Mortgage payments. Pending trials. Terminations of lease.

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Credit Corp

JUNE 1, 2021

Include a line item in the budget for any credit card debt. If your gross monthly income is $5,000, then your debt-to-income ratio would be 49%. Eliminate or Avoid Any Credit Card Debt. Some debt can be considered “healthy” or “productive.” Account for a splurge. Subtract expenses from income.

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Credit Corp

FEBRUARY 21, 2021

Fortunately, we can assume that banks and other financial institutions are more vigilant than ever about monitoring fraud: 60% of Americans surveyed learned their accounts had been compromised after their bank reached out directly. How to Find Out If You’re a Victim of Fraud.

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Credit Corp

JULY 12, 2021

Consider buying a CD from a financial institution with FDIC insurance. Many people in the United States live paycheck to paycheck and use credit cards to pay for their basic needs. Credit card debt is extremely detrimental to financial stability and should be paid off as soon as possible.

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Payment Savvy

JULY 21, 2023

Building Business Credit – Regularly using and promptly paying off a business credit card can help build your business’s credit history, which can be beneficial for securing larger loans in the future.

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Troutman Sanders

MAY 9, 2023

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.

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Better Credit Blog

AUGUST 3, 2021

Having a bad credit score can make it difficult to get a loan. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.”

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Better Credit Blog

AUGUST 3, 2021

Having a bad credit score can make it difficult to get a loan. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.”

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Loans Lender Collateral Education 52

Fico Collections

JANUARY 15, 2021

consumers had on average $6,004 in credit card debt, down from an average of $6,934 back in January 2020. A reduction in amounts owed (30% of the FICO® Score calculation), and especially the amount of credit card limits being used can yield measurable gains in a consumer’s FICO® Score.

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Credit Corp

OCTOBER 31, 2023

By transferring funds from your Chime checking account to your secured account, you determine your own credit limit. This means that you don’t have to worry about accruing credit card debt faster than you can pay it back.

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Better Credit Blog

APRIL 1, 2022

Some finance home improvements, while others lend only to people who want to consolidate credit card debt. If your main goal is to consolidate debt, try the best debt consolidation loans. For borrowers open to working with a credit union, PenFed offers a variety of loan options. Happy Money. Lending Tree.

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Credit Corp

SEPTEMBER 13, 2023

You can get a personal loan from online lenders or from a bank or credit union. Credit Builder Loans : Credit builder loans are offered by some financial institutions. If you don’t have an installment loan reported on your credit reports, consider whether it makes sense to get one.

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Better Credit Blog

APRIL 1, 2022

They’re great for credit card debt consolidation, home improvement projects, major car repairs, or any other cash-heavy project. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal. Like LendingTree, Credible is free to use and won’t harm your credit score.

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Credit Corp

JANUARY 7, 2021

Unfortunately, holiday credit card debt lingers far longer than leftover turkey. If you don’t—or can’t—repay holiday debt promptly, it’ll accumulate over time. Compare Rates on Debt Consolidation Loans. How Can I Get Out of Debt with No Money? If you’re in a financial rough patch, don’t panic.

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Credit Corp

APRIL 13, 2021

If you’d like to see the numbers behind financial infidelity in America, take a look at our stats. How to Spot Financial Infidelity. Technology has made it harder to spot financial infidelity. What was once phone calls and paper statements from financial institutions have now turned into emails and electronic notifications.

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Credit Corp

JUNE 1, 2023

Rewards cards: These cards pay you back via cash that you can use to pay down your credit card debt or points that you can redeem at stores or in the form of airline miles. You earn rewards by using your card. Each card company works within a network, and, sometimes, they’re partnered with another brand.

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Troutman Sanders

JULY 11, 2023

The defendants also pitched a credit card debt elimination service, and alleged that they could access funds from the government or from a lawsuit against the credit card industry to pay off consumers’ credit card debt.

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