Credit Corp

SEPTEMBER 7, 2021

It’s calculated based on a variety of factors, including payment history, credit usage, the length of your credit history, and more. The VantageScore follows similar metrics but focuses less on payment history, allowing scores to be generated faster than FICO. Make timely payments. Apply for a credit-builder loan. Be determined.

Lender 98

Lender Creditworthiness Loans Banks 98

Collection Industry News

SEPTEMBER 7, 2021

Nearly four years after the Consumer Financial Protection Bureau (“CFPB”) first promulgated its rule regulating payday loans, a federal district court in Texas upheld the payment provisions of the rule against various constitutional and other challenges. So what was left of the lawsuit was a challenge to the remaining payment provisions.

Trade 40

Trade Lender Loans Collections 40

Collection Industry News

SEPTEMBER 7, 2021

They lost vehicles and down payments, and were left with an average debt of $9,000. Moreover, as a violation of state law, the company made high-interest subprime auto loans to Massachusetts borrowers, which it knew that they would not be able to repay. Because of this, borrowers had to experience ruined credit.

Loans 40

Loans Lender Collections 40

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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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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.

Collections

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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