Credit Corp

MARCH 6, 2023

[ Disclosure: Lexington Law Firm advertises on Credit.com and Credit.com may receive compensation if you sign up for credit repair services with Lexington Law Firm.] Nearly every lender in the country uses credit reports to determine whether they approve a loan application. Why is credit repair important?

Auto Insurance 98

Auto Insurance Debt collector Lender Law Firms 98

Credit Corp

SEPTEMBER 12, 2023

FAQ Consider Hiring a Credit Repair Company How Collection Accounts Impact Your Credit Collection accounts have a significantly damaging impact on your credit score because they’re negative marks that indicate to lenders you may not pay your bills on time—or ever. Most lenders wait until you’re several months behind before taking action.

Collections 92

Collections Collection Agencies Collections Agency Credit Bureau 92

Troutman Sanders

MAY 16, 2023

Transcript: CFPB’s Section 1071 Final Rule (Part 2): Deep Dive on Data Collection and Discouragement Stay tuned for Part 3, which focuses on specific areas for consideration, including those especially troublesome for small business lenders.

Collections 52

Collections Law Firms Financial Institution Lender 52

Troutman Sanders

MARCH 4, 2024

On February 29, the Consumer Financial Protection Bureau (CFPB) issued a circular to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.

Financial services 52

Financial services Law Firms Acquisition Debt collector 52

Troutman Sanders

OCTOBER 17, 2023

In 2010, the defendant purchased the account and placed it with a law firm for collection. After receiving letters from the law firm, the plaintiff set up a payment plan, which she completed in 2013. The plaintiff later defaulted on her payment obligations and the account was “charged off.”

Law Firms 52

Law Firms Legal Rights Original Creditor Collection Agencies 52

Jimerson Firm

NOVEMBER 11, 2020

Site visits allow lenders and CDCs to gain a first-hand impression of the borrower’s business operations, evaluate risks, and inventory the collateral. Frequent site visits help lenders and CDCs make prudent lending decisions by keeping them up-to-date with the condition of the collateral and the borrower’s business operations.

Collateral 98

Collateral Loans Lender Repossession 98

Troutman Sanders

MAY 2, 2023

Prior to joining the firm, Lori held significant legal positions in federal government, in-house, and private practice settings (including two other nationally known law firms), which she leverages to effectively represent her clients’ interests.

Financial Institution 97

Financial Institution Fair Debt Collection Financial services Law Firms 97

Jimerson Firm

NOVEMBER 13, 2020

When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. If the collateral is real property, the lender must liquidate all parcels of real property that has a Recoverable Value over $10,000. Is the Recoverable Value of the Property Over $10,000? See SOP 50 57.

Loans 98

Loans Collateral Foreclosure Lender 98

Jimerson Firm

DECEMBER 30, 2020

In the event a borrower is seriously delinquent on making payments under a SBA loan, or the SBA loan is classified in liquidation status, lenders and CDCs must develop a prudent and commercially reasonable strategy to maximize their recovery on the loan. 60 calendar days), the lender/CDC must move forward with liquidating the collateral.

Loans 98

Loans Collateral Lender Foreclosure 98

Jimerson Firm

JANUARY 14, 2021

The first half of this series evaluated options available to lenders prior to instituting a commercial foreclosure action. The second-half of this series has evaluated available options to lenders during the pendency of the foreclosure action. Orders to Show Cause Under Section 702.10, Florida Statutes. Under Section 702.10(1),

Foreclosure 90

Foreclosure Lender Judgment Law Firms 90

Jimerson Firm

SEPTEMBER 22, 2020

Parts 1-3 of this series explored alternative pre-foreclosure loss mitigation options for lenders including acceleration and enforcement of personal guarantees. Upon default by the borrower, the lender/mortgagee can enforce the assignment of rents provided the lender/mortgagee makes written demand to the borrower for payment of the rents.

Foreclosure 98

Foreclosure Lender Law Firms Collections 98

Credit Corp

MARCH 20, 2023

Some credit repair companies can also work with your lenders to negotiate a repayment plan on your behalf. For example, through negotiations, the credit repair company may be able to entice a lender to reduce a portion of the interest to lower your overall bill. The post The Truth about Credit Repair appeared first on Credit.com.

Law Firms 97

Law Firms Auto Insurance Lender Loans 97

Jimerson Firm

JULY 1, 2020

When lenders take life insurance policies as collateral for loans, they need to be aware of what needs to occur to place a claim in the event their borrower dies. Therefore, it is critical for lenders to confirm that no prior assignment exists on life insurance collateral prior to taking the collateral on as security for a loan.

Collateral 98

Collateral Loans Lender Secured Creditor 98

Jimerson Firm

OCTOBER 22, 2020

Sometimes, foreclosure of a commercial property is the only option available to lenders and servicers to limit losses as a result of defaults on hotel and restaurant mortgages. Parts 1-4 of this series discussed pre-foreclosure options available to lenders dealing with hotel/restaurant mortgage defaults. 702.015(4) , Fla. York, 903 So.

Foreclosure 94

Foreclosure Lender Judgment Collateral 94

Credit Corp

JUNE 12, 2023

Services such as Lexington Law and CreditRepair.com can help you identify main issues with your credit and assist you in challenging the accuracy of errors. John C Heath, Attorney at Law, PC, d/b/a Lexington Law Firm is an independent law firm that uses Progrexion as a provider of business and administrative services.]

Law Firms 92

Law Firms Creditors Accrued Interest Credit Bureau 92

Jimerson Firm

NOVEMBER 23, 2020

When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. Lenders must liquidate all personal property that has a Recoverable Value over $5,000. In Florida, the lender can choose from the following methods: UCC Sale. See SOP 50 57. Liquidation Methods.

Collateral 98

Collateral Loans Secured Creditor Lender 98

Jimerson Firm

JULY 30, 2020

In reviewing a loan file after a default by a borrower, lenders should evaluate whether the loan includes an acceleration clause and whether the loan is secured by any personal guaranties. Part 2 of this series analyzed pre-foreclosure loss mitigation options for lenders dealing with hotel/restaurant mortgage defaults.

Lender 98

Lender Loans Foreclosure Judgment 98

Credit Corp

MAY 1, 2024

Too many inquiries make lenders nervous, as they might indicate you can’t meet your financial obligations. For example, Lexington Law Firm works with you to identify inaccuracies. This involves pulling a copy of your credit report to determine if you meet the lending requirements. How Do Credit Repair Companies Work?

Law Firms 52

Law Firms Creditors Credit Bureau Loans 52

Credit Corp

APRIL 2, 2024

Negotiate Debt Settlements With your permission, your attorney can also speak to lenders on your behalf. Most lenders’ top priority is getting a debt paid. Your attorney can work directly with any lender you still have an outstanding balance with to negotiate a final deal.

Lawyers 52

Lawyers Lender Repossession Debt settlement 52

Credit Corp

JANUARY 21, 2021

This law deals with what information lenders must disclose, how they can advertise their products and rates and what rights you have when a lender isn’t truthful or transparent. Credit law can be complex. You might be able to report or seek remedies from collectors who break these FDCPA rules for fair collections.

Collections 116

Collections Fair Debt Collection Creditors Law Firms 116

Troutman Sanders

JUNE 28, 2022

The creditor referred the account to a law firm, which served the consumer with a collection suit and obtained a default judgment for the balance. The law firm sent four post-judgment collection letters, demanding the $4,225.74 The consumer filed suit against the law firm that sent the collection letters in the U.S.

Law Firms 52

Law Firms Judgment Collections Debt collector 52

Credit Corp

MAY 9, 2023

Once the fraud alert is in place, lenders will take extra steps to verify that you are the one who is seeking the request for new credit. You may be required to submit more than the identity theft affidavit; the lender will tell you what information you need to supply for this process. What’s important is that you get it fixed.

Lender 98

Lender Law Firms Trade Loans 98

Collection Industry News

JUNE 12, 2023

Partnerships with creditors and lenders: Establish partnerships or referral programs with creditors, lenders, or other businesses that regularly deal with debt recovery. Please visit www.ColumbiaList.com or call 1 800 648 1914 for recommendations of Law Firms that best suit your case needs.

Collection Agencies 40

Collection Agencies Collections Agency Debt Recovery Collections 40

Jimerson Firm

DECEMBER 15, 2020

As discussed in parts 1-4 of this series, lenders have several options prior to instituting a commercial foreclosure action. Additionally, as briefly discussed in part 5 of this series, during the foreclosure action, lenders have options to try to preserve the value of the underlying collateral and to minimize further losses.

Foreclosure 98

Foreclosure Lender Banks Collateral 98

Burr Forman

JULY 30, 2020

In an article published by the Birmingham Business Journal on July 28, 2020, Burr & Forman was ranked as number three for the Top Health Care Law Practices in Birmingham. The BBJ’s new List highlights law firms on the frontlines of legal battles sparked by the COVID-19 pandemic.

Law Firms 40

Law Firms Lender 40

Burr Forman

AUGUST 10, 2020

Honorees are selected through a process of law firm submissions, journalistic research and editorial vetting from a board of legal peers. Mike has practiced business bankruptcy law since he graduated from Duke Law School in 1980. He often represents secured lenders, typically after a borrower’s default.

Lawyers 40

Lawyers Bankruptcy Collateral Manufacturing 40

Collection Industry News

JULY 4, 2022

Notably, companies licensed as lenders under the California Financing Law (CFL), or that hold other enumerated licenses under the California Consumer Protection Law are exempt from these regulations and the reporting requirements when acting under the authority of the held license. Areas of Practice.

Acquisition 40

Acquisition Law Firms Lender Bankruptcy 40

Credit Corp

MAY 30, 2023

For example, if you fail to pay a debt, the lender can take you to court. Ultimately, if you don’t pay a debt , the lender or bill collector can file a lawsuit against you to recoup the money. These liens notify lenders of the creditor’s rights to your property. The judge or jury determines if and how much money you owe.

Judgment 98

Judgment Garnishment Creditors Law Firms 98

Katabat

JANUARY 24, 2020

The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debt buying companies, collection agencies, collection law firms, brokers, originating creditors, and affiliates.

Debt Buying 52

Debt Buying Law Firms Collection Agencies Collections Agency 52

Public Citizen

OCTOBER 31, 2020

Here are some of the bigger changes from the fourth edition, which is also a review of the changes in consumer protection law over the four years since the last edition:   Seila Law Firm v. CFPB , 2020 S. ruling on constitutionality of CFPB structure, single director terminable only for cause.

Creditworthiness 53

Creditworthiness Law Firms Lender Debt collector 53

Jimerson Firm

AUGUST 7, 2020

The Act codifies existing common law in Florida regarding the right to have a receiver appointed by the court in commercial foreclosure actions, and provides much needed clarity, predictability, and uniformity on the standard for the appointment of a receiver and the powers of receivers. What is a Receiver, and Why are They Important?

Foreclosure 98

Foreclosure Lender Judgment Creditors 98

Collection Industry News

OCTOBER 2, 2023

If the high court sides with the CFSA, a trade group representing payday lenders, its ruling could have broad and significant impacts for consumers, according to legal experts and consumer advocates. In the current case, the CFSA trade group sued the CFPB in 2018, seeking to invalidate a 2017 rule that cracked down on payday lenders.

Government 40

Government Credit Unions Credit Unions Trade 40

Collection Industry News

JUNE 21, 2021

Schoenthal, a partner with the New York City firm law firm Goodwin Proctor LLP. Through a stroke of lucky timing, the New York Department of Financial Services (NYDFS) had gained traction with a reorganized and strengthened consumer advocacy mission just before the COVID-19 pandemic erupted in early 2020.

Law Firms 40

Law Firms Financial services Lender Collections 40

PDC Flow

AUGUST 18, 2020

Owner, Bedard Law Group, P.C. I started my career representing mortgage lenders and mortgage brokers in the late 1990’s. At the time, my practice focused on helping lenders and brokers comply with the myriad of state and federal laws which regulate their businesses across the country. It was really by accident.

Collections 98

Collections Debt collector Law Firms Trade 98

Troutman Sanders

FEBRUARY 8, 2022

In 2021, Troutman Pepper was named FinTech Law Firm of the Year by The Deal , becoming the first firm to receive the award. He counsels providers of consumer financial services, including banks, licensed lenders and fintech providers, on regulatory compliance matters and government supervisory and enforcement matters.

Financial services 52

Financial services Government Financial Institution Lender 52

Jimerson Firm

JANUARY 12, 2021

His practice also includes land use law, estate planning and corporate law. Jimerson Birr has successfully represented developers, investors, landowners, builders, lenders, property managers, commercial tenants, and other entities connected with the real estate sector since its founding in 2009.

Acquisition 52

Acquisition Law Firms Lender 52

Troutman Sanders

MAY 16, 2022

On May 9, the Consumer Financial Protection Bureau (CFPB) published an advisory opinion to affirm that the Equal Credit Opportunity Act bars lenders from discriminating against customers after they have received a loan, not just during the application process. For more information, click here. For more information, click here. Engel , 37 N.Y.3d

Financial services 52

Financial services Foreclosure Lender Judgment 52