Sawin & Shea
JUNE 7, 2023
If you have a co-signer associated with your debt or if you are a co-signer, you need to be aware of how financial liability works and what happens when the primary debtor declares bankruptcy. If the lender is concerned about the borrower’s ability to repay the debt, they may require a co-signer. What’s a Guarantor?
Debt Free Colorado
FEBRUARY 21, 2022
What can debtor collectors do to you under the FDCPA: Contact other people to find out where you live, your current telephone number, or where you work, but they can’t contact anyone more than once or tell anyone you owe a debt. The federal Fair Debt Collection Practices Act (FDCPA) does not apply to the actual lender.
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Collection Industry News
JUNE 1, 2023
This presents a substantial opportunity for debt collection agencies to assist lenders in recovering unpaid debts and managing default risks. These technologies enable debt collectors to automate repetitive tasks, streamline workflows, analyze data more effectively, and personalize communication with debtors.
Debt RR
OCTOBER 13, 2019
It’s how lenders measure an organization’s available cash flow to pay off debt obligations, essentially a credit score for a business. DSCR is just one of many metrics lenders use to determine an organization’s ability to pay, however, it’s the most important. Debt-service coverage ratio (DSCR) is a vital corporate finance tool.
Troutman Sanders
JUNE 22, 2021
Federal Activities: On June 18, the Federal Housing Administration (FHA) announced updates to its student loan monthly payment calculations to help provide greater access to affordable single-family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color.
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