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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On February 16, the CFPB reported on the first set of results from the newly updated Terms of Credit Card Plans survey. The report alleges that large banks are offering worse credit card terms and interest rates than small banks and credit unions, regardless of credit risk. For more information, click here.

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The Best Debt Consolidation Loans

Better Credit Blog

If the amount of your overall debt isn’t all that high, and you only need to borrow a relatively small amount of money, then PenFed might be a strong option for you, as it offers loans for as little as $500 and up to $35,000. Unlike with many credit unions, it’s possible to pre-qualify for a loan to see what offers are available.

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The Best Debt Consolidation Loans

Better Credit Blog

If the amount of your overall debt isn’t all that high, and you only need to borrow a relatively small amount of money, then PenFed might be a strong option for you, as it offers loans for as little as $500 and up to $35,000. Unlike with many credit unions, it’s possible to pre-qualify for a loan to see what offers are available.

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What is Debt Consolidation and How Does it Work?

Better Credit Blog

If your score is low, you’ll need to know how to fix a bad credit score before going through the application process. Find a lender : Thoroughly research personal loan lenders and offers from credit unions. In this case, you can look to alternative types of debt relief, such as debt settlement or bankruptcy.

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DFPI marks success in implementation of the California Consumer Financial Protection Law

Collection Industry News

Proposed registration includes debt settlement services, student debt relief services, postsecondary education financing, and wage-based advances. Research and Market Monitoring.

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Credit Score & Credit Report: File a Dispute to Fix Errors

Nexa Collect

Experian reports that the lowest FICO credit score is 300, but no one really stays at such a low score once some financial history has been established. Improving Your Credit Score. Two well known, and dreaded, causes of a falling credit score are bankruptcy and entering debt relief programs. What about the ‘invisibles’?