Thu.Nov 19, 2020

Remove payment
article thumbnail

Survey: 45% of Federal Student Loan Borrowers Unsure They Can Pay

Nerd Wallet

When the deadly COVID-19 pandemic began taking a toll on the economy and Americans’ finances earlier this year, monthly payments were suspended automatically for more than 42 million federal student loan borrowers. Anna Helhoski is a writer at NerdWallet.

article thumbnail

UK Credit Market Report: Good News and Warning Signs

Fico Collections

Our latest UK Credit Market Report shows the continuing impact of COVID-19 on household finances even while furlough and payment holidays remained in place during the month. Of particular concern is that average balances on accounts missing two or more payments is higher and growing. Monthly Payments Continue to Increase.

Banks 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bounce Back Loan Fraud - What Should the UK Do?

Fico Collections

That means there’s a big balloon potential for fraud next spring when the payments start coming due. It will be difficult to do much about impersonation fraud — that money will be gone, siphoned off to cryptocurrency, international payments and cash. When people get back to their offices, they might find a bounce back loan letter.

Loans 52
article thumbnail

How Can You Support Small Business During the 2020 Holidays?

Credit Corp

Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest. Offer Expires 12/10/2020 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back at U.S. 1% Cash Back on other purchases.

Retail 128
article thumbnail

10 Ways to Improve Payment Collections with Salesforce

For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

article thumbnail

What is TJRewards/SYNCB on My Credit Report?

Better Credit Blog

Late payments. There are plenty of ways to improve your credit, from paying for services that report your timely utility and rent payments, to paying down high-interest accounts and keeping your credit card balance low. Some of the issues they can help out with include: Bankruptcy. Charge offs. Collections accounts. Foreclosures.

Lender 52
article thumbnail

The Final Debt Collection Rule is Here and Focuses on Communication Methods – Here’s What You Need to Know

Consumer Financial Services Law

The final provisions are widely expected to include mandatory disclosures in addition to those already required by 15 U.S.C.

article thumbnail

When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Are you finding some snags in your collections process? Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

article thumbnail

Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST