Collection Industry News

MARCH 15, 2021

In addition, the department has stepped up measures to expose and track emerging scams, field and respond to a large increase in consumer complaints and inquiries, connect struggling consumers with available resources, and to work with licensees to ensure compliance with state and federal laws enacted to protect homeowners from foreclosures.

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Sawin & Shea

NOVEMBER 15, 2023

Unsecured debt would include things like: Medical bills Credit card bills Utility bills Back rent Personal loans At the end of the bankruptcy process, the remaining balances for these types of unsecured debts will likely be forgiven. A Chapter 13 plan can cure arrearages on houses or cars, stopping foreclosures and repossessions.

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Unsecured Debt Chapter 7 bankruptcy Collateral Bankruptcy 52

Sawin & Shea

AUGUST 2, 2023

Unsecured debt includes things like credit card debt, medical debt, and personal loans. Many people ask, when should you file for bankruptcy? Important Note: to qualify for Chapter 7 bankruptcy, you must pass an income based means test first.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Titan Consulting

SEPTEMBER 2, 2020

Debt consolidation might include a debt management repayment plan, credit card balance transfer, personal loan, or equity line of credit. Personal Loan s are an option if you have excellent credit and high enough income to qualify for additional debt. Key Takeaways. Debt consolidation may not save you much money.

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Debt Consolidation Unsecured Debt Consolidate Debt Personal loans 60

Credit Corp

AUGUST 23, 2021

It’s a common scenario: You apply for a personal loan or credit card and get denied. The reason seems shrouded in mystery, and you receive a letter with language such as “lack of recent installment loan information” or “proportion of balances to credit limits.” Card Details +.

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Lender Loans Personal loans Trade 104

Better Credit Blog

NOVEMBER 17, 2020

Along with providing savings and CD accounts, Barclays offers personal loans by invitation in partnership with other companies. If you haven’t applied for a credit card or a personal loan and think Barclays might be on your report by mistake, here are a couple of ways to get them off. Foreclosures. Charge offs.

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Personal loans Loans Banks Foreclosure 75

Debt Free Colorado

OCTOBER 12, 2023

It is essential to disclose past financial transactions and history, including income, lawsuits, safe deposit boxes, foreclosures, and more. List any other amounts outstanding, such as credit card balances, medical expenses, personal loans, and utility payments. What Information Does a Bankruptcy Form Need?

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Bankruptcy Collateral Chapter 13 bankruptcy Chapter 7 bankruptcy 52

Credit Corp

NOVEMBER 27, 2023

Mary Smith 101 Cedar Road Savannah, GA 31302 msmith@gmail.com (912) 333-3333 11/01/2023 Harry Jones, Loss Mitigation Department of Georgia Bank 444 Peach Lane Atlanta, GA 30033 Re: Account #10122467894231 Dear Harry Jones: I am writing this letter to request assistance with my personal loan during a time of financial hardship.

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Debt Consolidation Creditors Lender Loans 98

Sawin & Shea

AUGUST 24, 2020

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Debt collector 98

Credit Corp

OCTOBER 25, 2023

Credit Card Consolidation Loans A credit consolidation loan is a type of unsecured personal loan that comes with a set repayment period and fixed monthly payments. For a credit card consolidation loan to make sense, the interest rate needs to be lower than the interest rate for your credit cards.

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Better Credit Blog

AUGUST 21, 2020

Foreclosures. The issues above can hinder your access to both revolving lines of credit and installment loans. With a 560 credit score, you’ll have very limited loan options and will have a hard time getting approved for unsecured credit cards. Personal Loan Options with a 560 Credit Score. Bankruptcy.

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Better Credit Blog

AUGUST 21, 2020

Personal loan: Limited options. Auto loan: Limited options. Others are on the path to repairing their credit, as it takes time to recover from more severe credit occurrences like bankruptcy , foreclosures , or judgments. The good news is, you should be able to get an auto loan with your current credit score.

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Personal loans Loans Lender Debt Consolidation 59

Credit Corp

MARCH 22, 2021

If you have opted for a secured loan like a mortgage or a car loan, then make sure you pay your dues on time. If your mortgage payments are in arrears , then your creditor can opt for a foreclosure, claiming the possession of your house and reselling it to make up for their loss. How to Build Your Credit Score in a New Country.

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Lender Loans Creditors Credit Card Debt 94

Sawin & Shea

MARCH 13, 2024

We can help people re-organize secured debt in various ways to help people stop repossessions or foreclosure and get back on track with payments to keep those items. Common types of dischargeable debts include credit card debt , personal loans, and unpaid medical bills.

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Better Credit Blog

AUGUST 9, 2021

Whereas rates on credit cards can be 13-25%, average rates on personal loans are 14-18%,” says Toms. Payment Schedules: “Most personal loans have terms of 36-60 months with strict payment schedules. Best Debt Consolidation Loans. Cons: You may not qualify for every loan you are offered. Free to use.

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Debt Consolidation Loans Lender Debt settlement 52

Better Credit Blog

AUGUST 9, 2021

Whereas rates on credit cards can be 13-25%, average rates on personal loans are 14-18%,” says Toms. Payment Schedules: “Most personal loans have terms of 36-60 months with strict payment schedules. Best Debt Consolidation Loans. Cons: You may not qualify for every loan you are offered. Free to use.

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Debt Consolidation Loans Lender Debt settlement 52

Credit Corp

MAY 3, 2023

Bankruptcy does have some benefits, such as potentially putting a stop to wage garnishments or foreclosures. You typically can’t apply for most types of credit, including a mortgage, auto loan or significant personal loan, without getting the court’s approval if you’re in the middle of a Chapter 13 bankruptcy, for example.

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Credit Corp

MAY 10, 2023

A hard inquiry is a credit check that occurs when a lender or creditor reviews your credit report as part of a credit application or loan. Hard inquiries are sometimes called “hard pulls,” and they typically occur when you apply for a new credit card, a personal loan, a mortgage, or other types of credit.

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Better Credit Blog

AUGUST 4, 2020

Short for the First National Bank of Omaha, FNB National is a popular bank for several personal and professional financial services and products, including: Banking. Home loans. Auto loans. Personal loans. Student loan refinancing. Foreclosures. Investment accounts. Credit cards. Wealth advising.

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Banks Lender Loans Student loans 52

Credit Corp

JULY 26, 2021

If beneficiaries can’t or won’t assume the loan, they can sell the property to settle the debt instead. If your loved one doesn’t have any beneficiaries listed on their will when they die, their mortgaged property may go into foreclosure. Car Loan Debt. Student Loan Debt. Medical Debt.

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Student loans Student Loans Credit Card Debt Loans 98

FDCPA Defense

FEBRUARY 3, 2019

1992) (emphasis added, citation and quotation marks omitted) (personal loan from friend used to start software business not a “debt” under the Act: “Neither the lender's motives nor the fashion in which the loan is memorialized are dispositive of this inquiry.”). These cases arose in the context of non-judicial foreclosures.

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Collection Industry News

SEPTEMBER 23, 2020

We can answer all your questions regarding Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, stopping a foreclosure or wage garnishment, avoiding liens, stopping law suits, discharging medical debt, personal loans, payday loans, credit card debt, etc. We can alleviate your stress! We want to help and we can help you!

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Better Credit Blog

JANUARY 5, 2021

Citi also offers personal loans, lines of credit, and mortgages, which can prompt a hard inquiry. They can also help with a slew of credit problems, like: Foreclosures. Citicards come in several categories, including: 0% APR. Balance transfers. Any time you apply for a Mastercard or Visa from Citi, it results in a hard inquiry.

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Loans Banks Repossession Lender 52

Better Credit Blog

JANUARY 5, 2021

Citi also offers personal loans, lines of credit, and mortgages which can prompt a hard inquiry. They can also help with a slew of credit problems, like: Foreclosures. Citicards come in several categories, including: 0% APR. Balance transfers. Any time you apply for a Mastercard or Visa from Citi, it results in a hard inquiry.

Loans 52

Loans Banks Repossession Lender 52

FDCPA Defense

FEBRUARY 1, 2018

Determining the line between foreclosure activity and debt collection, however, can be elusive. 17- 278) was whether notices sent by a trustee as required to initiate a non-judicial foreclosure under California law violated the FDCPA. California law does not allow for a deficiency judgment following non-judicial foreclosure.

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Better Credit Blog

APRIL 11, 2022

The types of credit accounts you can expect to see in this section include: Mortgages , home equity loans, and home equity lines of credit. Student Loans. Auto Loans. Personal Loans or Other Installment Loans. Foreclosure. Credit Cards. Your creditors will report on your credit accounts regularly.

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