Troutman Sanders

MAY 9, 2023

On May 1, the CFPB proposed a rule to implement a congressional mandate to establish consumer protections for residential property assessed clean energy (PACE) loans. PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels.

Financial services 52

Financial services Student loans Student Loans Loans 52

Collection Industry News

JUNE 1, 2023

The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts. This presents a substantial opportunity for debt collection agencies to assist lenders in recovering unpaid debts and managing default risks.

Collections 40

Collections Collection Agencies Collections Agency Debt collector 40

Better Credit Blog

APRIL 1, 2022

The best personal loans charge low fees and low fixed interest rates, have flexible loan amounts and terms, and have no prepayment penalties. A personal loan could let you access cash for any purpose. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal. Compare Rates Now.

Personal loans 65

Personal loans Loans Lender Student loans 65

Credit Corp

MAY 1, 2021

The consumer system is set up so that most purchases depend on applicant creditworthiness and a focus on being in debt responsibly. The average American builds credit by opening a credit card account, acquiring student loan debt, or making car payments. Get Your Free Credit Report Card. Limited Financial Literacy.

Credit Card Debt 98

Credit Card Debt Accrued Interest Loans Student loans 98

Credit Corp

JUNE 14, 2023

A hard credit inquiry is when a credit card issuer or another lender reviews a credit report as part of your credit application. It happens when the lender or bank associated with your credit card company checks your credit report to see if you are eligible for acceptance. They’re also not usually visible to lenders or banks—only you.

Lender 69

Lender Creditors Loans Banks 69

Credit Corp

JULY 10, 2023

This includes credit card balances, student loans, medical bills, and other outstanding obligations. Avoid the temptation to rely on credit cards or take out additional loans. Building an emergency fund: This is a crucial step to prevent relying on credit or loans during unexpected expenses or financial setbacks.

Student loans 72

Student loans Student Loans Loans Personal loans 72

Credit Corp

SEPTEMBER 7, 2020

Lenders use a multitude of scoring methods to determine your creditworthiness and make decisions about whether or not to give you credit. Having numerical ranges that are somewhat consistent helps make the credit score process less confusing for consumers and lenders. Understanding the Scoring Models.

Credit Bureau 115

Credit Bureau Lender Loans Creditworthiness 115

Better Credit Blog

MAY 4, 2022

These include transferring all your debt onto just one credit card as well as taking out a secured or unsecured personal loan—perhaps with the help of a professional debt consolidation company. You can combine credit card debt, car finance, personal loans, student loans, medical bills, payday loans, and other types of unsecured debt.

Debt Consolidation 70

Debt Consolidation Consolidate Debt Personal loans Loans 70

Troutman Sanders

JUNE 22, 2021

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. These borrowers will receive 100% loan discharges, resulting in approximately $500 million in relief. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

NOVEMBER 20, 2023

She further highlighted two common trends the DOJ is seeing in redlining enforcement actions: lenders’ awareness of redlining risks, sometimes for years, without taking corrective action; and evidence of discrimination in employee or manager emails, i.e., disparaging descriptions of certain neighborhoods or overt animus towards protected groups.

Lender 52

Lender Creditworthiness Student loans Student Loans 52

Collection Industry News

APRIL 12, 2021

They assign scores that are then used to assess a person’s creditworthiness. While lenders certainly have the right to determine the risk of a potential borrower, the problem is the lack of transparency in the process. Find: Congress Wants Biden to Virtually Wipe Out Student Loan Debt – Here’s What He’s Doing Instead.

Creditworthiness 74

Creditworthiness Student loans Student Loans Lender 74