Credit Corp

SEPTEMBER 28, 2020

One late payment can have a devastating effect on your credit score. Here’s what you need to know about late payments and your credit score, and what you can do to protect yourself. How Late Payments Affect Credit Scores. Your credit score and credit history How long ago the late payment was How severe the late payment was.

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Lender Creditors 111

Troutman Sanders

SEPTEMBER 28, 2020

Per the CSBS, this “one company, one exam” program, known formally as “MSB Networked Supervision,” applies to “78 of the nation’s largest payments and cryptocurrency companies that currently meet the 40-state threshold.”. Through this program, the CSBS, an organization composed of regulators from all 50 U.S. states, Washington D.C.,

Financial services 52

Financial services Banks 52

Fico Collections

SEPTEMBER 28, 2020

Most of the questions we have received center on the impact from accounts being newly reported in some form of mortgage payment accommodation (e.g., But in recent weeks, there is increasing focus on how FICO® Scores might shift as a result of consumers exiting mortgage payment accommodation programs. forbearance or deferment).

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Loans Collections 52

On Guard

SEPTEMBER 28, 2020

For finance teams this means shifting some of their focus from long-term growth to chasing payments that were put on hold earlier in the pandemic. Identifying payment patterns from the data produces better risk analysis and the ability to anticipate trends. Covid-19 has forced the world to adapt to a new normal.

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Credit Management Accounts Receivables Management Bankruptcy Collections 52

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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.

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Nerd Wallet

SEPTEMBER 28, 2020

Once a well-kept secret, these programs are now more prominently advertised, offering things like deferred payments and lower interest rates. As cardholders experience financial difficulties due to COVID-19, some credit card issuers are promoting their hardship programs. But not all cardholders will qualify or receive favorable terms.

Debt Management 65

Debt Management 65

Payment Savvy

SEPTEMBER 28, 2020

The post Improving Customer Experience For Business Growth appeared first on My Payment Savvy. With the above five strategies, you can improve your customer experience and watch your company flourish.

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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.

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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

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