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Can a Lender Pursue Debt Collection After a Charge Off and 1099-C Issuance?

Jimerson Firm

When account owners have an account that reflects a negative balance, the lender is faced with a myriad of options and obligations with regard to the pursuit of that debt. However, Florida courts have held that charged off debt is not forgiven, as may still be pursued for debt recovery and satisfaction.

Lender 98
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Enhancing Credit Management with Automation and Real-Time Data

Qualco

Credit Lifecycle Automation & Open Banking Emerging technologies and the increased availability of data resources empower lenders to make informed credit decisions and offer improved services to a wider group of customers. Open Banking fundamentally transforms financial services by unlocking new insights into customers' lives.

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National Financial Awareness Day: Why Financial Literacy is Beneficial For Everyone

True Accord

As reported by the Milken Institute , only about 57% of the American population is considered financially literate. And individuals become more susceptible to going further into debt if they don’t have a solid foundational understanding of what happens when they first fall behind.

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Meeting Debt Collection Challenges Amid a Squeeze on Income

Fico Collections

Meeting Debt Collection Challenges Amid a Squeeze on Income. In order to deal with the rising cost of living and other challenges, anyone managing collections portfolios and effective debt recovery strategies needs these capabilities. Collections books for many lenders reduced. Tue, 07/23/2019 - 04:13. by Bruce Curry.

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How to Remove TransWorld Systems From Your Credit Report

Better Credit Blog

Transworld Systems, Inc (TSI) is a well-known debt collection agency in the United States that works with individuals, large companies, and organizations to assist them in debt recovery and past due accounts. They recently acquired Alltran Financial Services in 2020. For this, I suggest you check out Credit Saint.

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HOW TO DETERMINE DEBT CAPACITY FOR A COMPANY

Debt RR

In fact, debt capacity models and debt capacity templates are often used internally by businesses to set their standards for debt limits. Some businesses, for example, may limit their debt to 5% of their earnings. What is Unused Debt Capacity?

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How to Remove Professional Finance Company From Your Credit

Better Credit Blog

Originally founded in 1985, Professional Finance Company is a medium-sized debt collection agency that offers services for debt recovery, self-pay early-out, and debt purchasing. They are a legitimate company and are currently headquartered in Greeley, CO.