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7% rise in UK Mortgage Arrears

UK debt collections

Lender stress tests have also helped ensure that borrowers are able to keep up with their mortgage payments, even when their interest rate rises above those in place when they first took out their mortgages. Meanwhile, the number of repossessions remains very low. Lenders have teams of trained experts ready to help.

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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery? At your request, lenders must grant a forbearance for up to 180 days, renewable for up to a year with a hardship attestation. Contact us today at (888) 488-4517 or Apply Online now.

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How Does Bankruptcy Affect Your Job and Future Credit?

Sawin & Shea

Chapter 13 , or reorganization bankruptcy, stops repossessions and foreclosures so you can save your home or investment. Government employers can’t refuse to hire you because you filed for bankruptcy, but private companies can. Contact us for a free consultation. Chapter 7 bankruptcy also stops lawsuits and wage garnishments.

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

Debt Free Colorado

The United States Bankruptcy Code governs both chapter 7 and chapter 13 bankruptcy. Creditors are prohibited from contacting you after your petition is filed. The lender protects the borrower against foreclosure. Occasionally, creditors may refuse to repossess little goods due to the expense of picking them up.

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How To Remove Evergreen Professional Recoveries From Your Credit Report

Better Credit Blog

EPR may show up on your report if you’ve fallen behind on payments to a service provider or a lender. While you may not be familiar with the agency, they collect for popular lenders and providers across several markets. If you have outstanding debt in any of the following industries, you could be contacted by EPR: Banking.

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What Is A Microbilt Credit Inquiry on My Credit Report?

Better Credit Blog

Credit applications result in hard inquiries, which allow lenders to access your credit reports. Microbilt is a third-party credit report provider that helps lenders assess how risky prospective borrowers are. They occur when you apply for credit, and they allow lenders access to all the data in your credit reports.

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Top 5 Debt Collection and Recovery Posts of 2021

Fico Collections

Efficient omni-channel communication utilizes data and analytics, determines precisely how to make contact, and provides seamless continuity across the interaction with connected decisioning. While Government will likely take a hand in directing the pace of some collection activities, others will be determined by the debt holder.