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California’s mortgage fraud risk rises in 2021

Collection Industry News

The possibility of mortgage fraud is rising here in California and across the U.S., Fraud indications in Q2 2021 were found in: The share of mortgage applications with indications of fraud was up 37% from a year earlier. property fraud , when the borrower provides false information about the property.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Federal Activities: On October 23, the Financial Action Task Force concluded its 32nd plenary meeting and continued to focus on the impact of the COVID-19 pandemic on detecting and countering fraud, including attempts to defraud government-backed stimulus programs. For more information, click here. For more information, click here.

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10 Common Questions About Bankruptcy

Debt Free Colorado

There are officially six separate categories of bankruptcy , each designated after a specific section of federal bankruptcy law. Are you at risk of falling into foreclosure, being evicted, or having your utilities cut off? The unfortunate fact is that some of these services are frauds. Do Bankruptcies Come in Different Types?

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

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. You may access this interactive tool at [link]. For more information, click here. million are behind on rent. For more information, click here.

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What is CRDT First on My Credit Report?

Better Credit Blog

Credit inquiries come in two different categories: hard and soft credit checks. Place a fraud alert on your reports. Foreclosures. If you are overwhelmed by dealing with negative entries on your credit report, we suggest you ask a professional credit repair company for help. Ask Lex Law for Help. Track Your Credit. Charge-offs.

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Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

While bankruptcy law forces you to sell some assets to repay unsecured creditors, the majority of Americans keep all of their property because of bankruptcy limits on the categories of assets that may be used to settle debts. Dischargeable debts: Debt acquired due to fraud or purchases of luxury items purchased using a credit card.

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What is CBNA Sioux Falls on My Credit Report?

Better Credit Blog

Citicards come in several categories, including: 0% APR. Even though a hard inquiry only inflicts minimal damage on your credit report, it can signal a more serious issue: identity fraud. If there’s been a reporting error or case of fraud, contacting Citi could straighten it out. Identity fraud. Balance transfers.

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