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10 Reasons You Were Rejected for Credit

Credit Corp

This code means you don’t have any installment loans in your credit history or you haven’t had one active in a while. Creditors like to see that you can handle a mix of revolving and installment loan accounts, and a good credit mix can actually help improve your score. Recently opened bank revolving trades.

Lender 104
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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. On October 11, the CFPB published its analysis regarding the nonsufficient fund (NSF) fee practices of a number of banks and credit unions.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link]. For more information, click here. ” For more information, click here.