Troutman Sanders

FEBRUARY 27, 2023

Overall, the report found that credit risks for syndicated loans — large loans originated by multiple banks — were moderate at the end of the review period. While risks to borrowers impacted by COVID-19 have declined, they remain high for leveraged loans, as well as the entertainment, recreation, and transportation services industries.

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Better Credit Blog

DECEMBER 31, 2020

Whenever you apply for a retail credit card, it can lower your credit score by a few points and result in a new entry being added to your report. Citi is a popular bank that provides credit cards for a wide range of retail stores like The Home Depot. Project Loan. Did a hard inquiry from THD/CBNA bring down your credit score?

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Troutman Sanders

JANUARY 24, 2022

Siding with consumers and rejecting the reading put forward by loan holders, the FTC declared that the Holder Rule does not prevent a plaintiff from recovering attorneys’ fees and costs against a “loan holder” where another state, local, or federal law permits the recovery.

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Better Credit Blog

DECEMBER 18, 2020

The entry is most likely on your report as a hard inquiry, which happens when you apply for a retail credit card. Comenity Bank is one of the nation’s leading producers of branded retail credit cards, with over 145 cards on offer. Only apply for cards or loans you’re likely to get approved for. Cb/Vicscrt On My Credit Report.

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Better Credit Blog

JANUARY 22, 2021

Department Stores National Bank issues retail credit cards for shoppers at Macy’s and Bloomingdale’s. If you applied for one of these retail credit cards, whether in-store or online, you signed off on a hard inquiry. Your credit report gets hit with a hard inquiry when you apply for a credit card, loan, or a line of credit.

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Better Credit Blog

DECEMBER 9, 2020

Belk/Synchrony Bank may show up on your report if you apply for a Belk retail credit card. Belk is one of the dozens of retailers that Synchrony Bank has a partnership with. Get pre-approved for a loan offer or credit card. Hard pulls happen when you apply for funding such as a mortgage, car loan, or credit card.

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Better Credit Blog

NOVEMBER 25, 2020

It is most popular for its credit cards, partnering with dozens of big-name service providers and retailers to offer rewarding credit cards. Abt Electronics is a popular appliance and electronics retailer that offers 6, 12, and 24-month financing with its Synchrony credit cards. Charge offs. Debt collectors. Foreclosure. Repossession.

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Better Credit Blog

DECEMBER 2, 2020

Badcock is a large furniture retailer with more than 320 stores across 8 different states. Like many retailers, it offers financing for its products. For instance, whenever you check your score with a credit monitoring site or get pre-approved for loan offers, a soft inquiry takes place. How Does Badcock Credit Work?

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Better Credit Blog

NOVEMBER 23, 2020

While you might expect a credit check when you apply for a loan, many consumers don’t realize that background checks can result in a hard credit check as well. The company also provides retail, commercial, and automotive screening, but on a smaller scale. Complete all of your applications for the same type of loan within 14 days.

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Better Credit Blog

JANUARY 5, 2021

Did you apply for a Home Depot credit card, loan, or credit account? When you apply for a card or loan from The Home Depot, you’re actually applying with Citibank. Citi is a massive provider of retail credit cards and accounts. Project Loan. If so, there could be a hard inquiry from Home Depot CBNA on your report.

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Better Credit Blog

JANUARY 5, 2021

Did you apply for a Home Depot credit card, loan, or credit account? When you apply for a card or loan from The Home Depot, you’re actually applying with Citibank. Citi is a massive provider of retail credit cards and accounts, they partner with The Home Depot and dozens of other popular companies. Project Loan.

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Better Credit Blog

DECEMBER 2, 2020

Banana Republic offers these cards through a partnership with Synchrony Bank, which issues credit cards for dozens of national retailers. Soft inquiries occur when you view your score, shop for quotes, or are pre-approved for a loan or credit card. How Do Hard Inquiries Work? Get a Free Copy of Your Credit Report. Charge-offs.

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Better Credit Blog

DECEMBER 2, 2020

Banana Republic offers these cards through a partnership with Synchrony Bank, which issues credit cards for dozens of national retailers. Soft inquiries occur when you view your score, shop for quotes, or are pre-approved for a loan or credit card. How Do Hard Inquiries Work? Get a Free Copy of Your Credit Report. Charge-offs.

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Better Credit Blog

JANUARY 15, 2021

As such, it may show up on your credit report as a hard inquiry when you apply for a loan, credit card, or line of credit. When your credit report is accessed in the application process for a loan, a hard inquiry is placed on your credit report. Installment loans. Retail financing. Get pre-approved for a loan.

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Better Credit Blog

OCTOBER 28, 2020

When you apply for a credit card or loan, it can lead to a hard credit check, which lowers your score. Its credit card offerings are among its most popular products, as the bank partners with dozens of retailers, including Toys R Us. On the other hand, a hard check occurs when you actually apply for credit or a loan. Charge off.

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Better Credit Blog

NOVEMBER 19, 2020

They also have partnerships with major retailers nationwide like TJ Maxx, with whom they issue rewards credit cards. A soft pull happens when you go online to check your score, compare quotes for a loan, or get pre-approved for offers. You may be less familiar with SYNCB , though the name belongs to a popular bank. Charge offs.

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Better Credit Blog

JANUARY 6, 2021

The popular retailer provides two credit card options: The Brooks Card and the Brooks Brothers Platinum Mastercard. As such, this type of inquiry happens when you apply for credit cards, as well as loans and lines of credit. BRKSB/CBNA On My Credit Report. Soft inquiries have no effect on your credit. Charge-offs. Collections.

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Better Credit Blog

JANUARY 29, 2021

Citibank is a major financial institution that offers credit cards in partnership with numerous retailers, including: Best Buy. Soft inquiries happen when you pre-qualify for a credit card or loan, compare quotes, check your score, or get vetted for a job or apartment application. NTB/CBNA On My Credit Report. Brooks Brothers.

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Better Credit Blog

DECEMBER 28, 2020

CitiBank is a sizable national bank that offers a full array of banking services, loans, credit cards, and investment services. Shop Your Way is a Mastercard issued by Citibank that offers rewards points that can be redeemed on thousands of products from popular retailers. Try to get pre-approved for a loan or a credit card.

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Better Credit Blog

NOVEMBER 30, 2020

DSNB issues two types of cards in partnership with these retailers: American Express cards. Once you move on from comparing offers to actually applying for a card or loan, your credit report (s) will undergo a hard inquiry. To reduce the impact on your score, you should limit your credit card and loan applications. Charge offs.

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Better Credit Blog

DECEMBER 9, 2020

When you apply for a retail credit card from Best Buy, it can lead to a hard credit check and lower your score. Hard inquiries happen whenever you apply for funding from a bank, retailer, or lender. Did you notice a new entry on your credit report from BBY/CBNA? How Long Will a BBY/CBNA Hard Inquiry Stay on Your Credit Report?

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Fico Collections

SEPTEMBER 27, 2022

Digitalization and artificial intelligence will radically change retail banking. This development is also supported by the fact that the decisions that are necessarily automated in digital processes are becoming better and better and regularly surpass the performance of manual decisions and decision strategies developed judgmentally.

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Better Credit Blog

JANUARY 29, 2021

If you didn’t apply for a retail card from Macy’s, the inquiry could be a mistake, or it may be the work of an identity thief. Any time you apply for new credit, like a card, loan, or line of credit, the lender might run a hard credit check. If so, you shouldn’t be alarmed when you see a Macys DSNB entry on your credit report.

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Better Credit Blog

FEBRUARY 24, 2021

Retail cards. Moreover, they’ll assist you if you’re facing other credit problems, such as: Judgments. If you’ve fallen behind on payments in an industry like one of the ones listed below, it could be to blame for the collections entry on your report: Bank credit cards. Telecommunications. Repossessions. Foreclosure. Bankruptcy.

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Better Credit Blog

JANUARY 5, 2021

Whenever you apply for a loan or a credit card, it leads to a hard inquiry like the one featured in your report. They partner with over 145 retailers and financers to offer cards and credit accounts. To avoid this, try applying for loans and cards within a 14-day window so your score isn’t hit with every application. Bankruptcy.

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Better Credit Blog

DECEMBER 23, 2020

Among its extensive lineup of banking products, the institution offers credit cards in partnership with dozens of big-name brands and retailers. Whenever you apply for a line of credit, credit card, or loan, the lender will likely obtain your credit report as a means of vetting you. SYNCB is short for Synchrony bank. Charge offs.

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Repossession Banks Foreclosure Retail 52

Better Credit Blog

FEBRUARY 24, 2021

Retail cards. Moreover, they’ll assist you if you’re facing other credit problems, such as: Judgments. If you’ve fallen behind on payments in an industry like one of the ones listed below, it could be to blame for the collections entry on your report: Bank credit cards. Telecommunications. Repossessions. Foreclosure. Bankruptcy.

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Collections Collections Agency Collection Agencies Third-party Debt Collectors 52

Troutman Sanders

MAY 9, 2023

On May 1, the CFPB proposed a rule to implement a congressional mandate to establish consumer protections for residential property assessed clean energy (PACE) loans. PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels.

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Financial services Student loans Student Loans Loans 52

Troutman Sanders

MARCH 11, 2024

The blog post posited that closing costs significantly impact a borrower’s financial commitment and, potentially, monthly payments and identified a “noticeable increase” in closing costs, with median total loan expenses on home purchase loans increasing by 21.8% between 2021 and 2022. For more information, click here.

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Better Credit Blog

OCTOBER 28, 2020

That’s because applying for a credit card, loan, or in this case a Mastercard, often results in banks and lenders checking your credit report. eBay Mastercards are issued by Synchrony Bank, a massive national bank offering several retail cards. Have you come across a new entry on your credit report from eBay Mastercard/SYNCB?

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Better Credit Blog

NOVEMBER 23, 2020

Retail cards. When you fail to repay a debt, whether it’s a medical bill, student loan, or credit card balance, it eventually enters collections. If you’re dealing with more than just debt collectors, these companies can help get you on track, whether you’re recovering from bankruptcy, foreclosure, a judgment, or repossession.

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Consumer Financial Services Law

JUNE 11, 2016

The rules do carve out certain exceptions for certain products provided by governmental entities, tribal governments providing products to consumers who reside in the tribe’s territorial jurisdiction and merchants and retailers under certain conditions when they are not acting as creditors.

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Troutman Sanders

JULY 5, 2023

On June 29, the OCC, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and National Credit Union Administration jointly issued a final policy statement on commercial real estate loan accommodations and workouts. For more information, click here. On June 27, Florida Governor Ron DeSantis approved H27.

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Troutman Sanders

OCTOBER 3, 2023

The consumer appealed after the district court granted summary judgment to the creditor finding the consumer could not show harm for the creditor’s failure to conduct a reasonable investigation. The consumer reporting agencies (CRAs) sent the dispute to the credit card companies for investigation. For more information, click here.

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Troutman Sanders

JULY 26, 2021

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. To attend the meeting, click here. Constitution. For more information, click here.

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