Account Recovery

OCTOBER 20, 2021

Debt collection, student loan debt relief, payday loans, and government impersonators are just a few of the categories highlighted in a Federal Trade Commission report that analyzes the regulator’s effort at addressing fraud and consumer issues that are affecting communities of color, which was released earlier this week.

Student loans 246

Student loans Student Loans Trade Government 246

Credit Corp

JULY 25, 2023

Paying off your car loan can lower your credit score, but the effects are usually temporary. Are you thinking about paying off your car loan early? Surprisingly, the opposite can occur—paying off a car loan early can cause a dip in your credit score. Paying a loan off early changes your utilization ratio.

Loans 98

Loans Creditors Trade Lender 98

Nerd Wallet

SEPTEMBER 9, 2020

A rate and term refinance is a loan improvement. The article Rate and Term Refinance: Trade In Your Mortgage for a Better Model originally appeared on NerdWallet. You exchange your old mortgage for a new one that (hopefully) leaves you in a better financial position. Reducing the amount of interest you. Email: hal@nerdwallet.com.

Trade 82

Trade Loans 82

Account Recovery

JANUARY 28, 2022

The Federal Trade Commission is returning more than $3.7 million to consumers who lost money because of unfair and deceptive loan servicing practices by online lender Avant, LLC. Million To Consumers Harmed by Online Lender Avant appeared first on AccountsRecovery.net.

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Lender Trade Loans 245

Account Recovery

NOVEMBER 10, 2021

The Federal Trade Commission has permanently banned a payment processor from processing debt relief payments after it was accused of facilitating a student loan debt relief scheme while also requiring the company and its owner pay $500,000 that will be used to refund individuals who were duped by the scam.

Student loans 246

Student loans Student Loans Trade Loans 246

UK debt collections

APRIL 21, 2022

The Insolvency Service has continued to target bounce back loan abusers in the UK. They have successfully secured restrictions against a gym operator and roofer after they falsely claimed bounce back loans for their respective businesses. However, Dar also applied for additional loans by applying to two separate financial institutions.

Loans 87

Loans Bankruptcy Financial Institution Creditors 87

Collection Industry News

JULY 27, 2021

The industry trade teams challenging the CFPB’s rule that is final Payday, Vehicle Title, and Certain High-Cost Installment Loans (the Rule) have filed a movement for summary judgment. Source: site.

Trade 40

Trade Judgment Loans Accrued Interest 40

Credit Corp

MAY 9, 2023

If you’re in that 16%, you’ve probably wondered how to get a car loan with bad credit. Check Your Credit Score Before you start researching car loans in earnest, conduct a soft credit score check to see what you’re working with. Save Up Your Down Payment As with any loan, a car loan typically requires a down payment.

Loans 98

Loans Lender Banks Education 98

UK debt collections

FEBRUARY 28, 2024

Rising interest rates, high inflation, cash-strapped consumers, the end in government support for energy bills, the repaying of Covid support loans and strike action are all contributing factors to the insolvency figures during the period. The longer rates stay at current levels, the more restaurant businesses are likely to succumb.

Trade 98

Trade Loans Government Banks 98

Credit Corp

MARCH 23, 2021

The following is a guest post from Paige Williams, a public relations specialist with New Roads Auto Loans. When most people think about credit and a car loan, they’re thinking about what credit score qualifies them for the car loan. However, that’s not the only way that a credit score will affect a vehicle loan.

Loans 98

Loans Lender Credit Bureau Student loans 98

Hudson Weir

JULY 11, 2023

If you’re struggling to pay off your Bounce Back Loan, you may have lots of questions about what will happen next. The Bounce Back Loan Scheme (BBLS) gave businesses the chance to borrow between £2,000 and up to 25% of their turnover, to a maximum of £50,000. was challenging. was challenging.

Loans 40

Loans Trade Lender Creditors 40

Account Recovery

SEPTEMBER 3, 2020

A number of financial services trade organizations, including ACA International, are calling on the Federal Communications Commission to require that telecom companies notify businesses when their calls are being blocked or labeled as spam.

Student loans 246

Student loans Student Loans Healthcare Trade 246

UK debt collections

JULY 25, 2022

The move is seen as the Insolvency Service ramping up its actions against deliberate fraud for government backed emergency Covid-19 loan schemes. Officials said the new legislation was proving especially useful in chasing down fraudsters who exploited the loose checks around government pandemic loans. More than 1.4

Loans 59

Loans Customs Official Government Trade 59

Sawin & Shea

JULY 13, 2022

The majority of people in Indiana who have thought about declaring bankruptcy likely already know how challenging it is to get student loans erased. Although it is not impossible, debtors normally need to pass the Brunner test, which establishes that repaying the student loans will put them in an unreasonably difficult position.

Student loans 52

Student loans Student Loans Bankruptcy Chapter 7 bankruptcy 52

Hudson Weir

MAY 28, 2021

Director’s loan accounts are commonly used in business – and they’re not about financing a holiday or new car with company profits! We’ll explore that second scenario a little further – but, in essence, if you are overdrawn on a director’s loan account, you technically owe that money back to the business.

Loans 52

Loans Trade Personal loans Creditors 52

Troutman Sanders

FEBRUARY 25, 2022

As a result of these increases, the CFPB expects the total amount of debt and average loan size to continue to rise. Wishes to understand potential barriers to entry in the subprime market and seeks to work with the Federal Trade Commission and the Federal Reserve Bank Board of Governors to address issues in the market.

Loans 52

Loans Lender Trade Banks 52

Jimerson Firm

JANUARY 23, 2023

Imagine making a loan to a business for its use as start-up capital. Loan documents are drafted, and to secure payment, you retain an option to purchase equity in the company. The interest rate on the money lent is above market rate, but it doesn’t rise to the level of loan sharking. What is a usurious loan?

Loans 52

Loans Lender Banks Trade 52

Burr Forman

JANUARY 11, 2021

116-260 (“Economic Aid Act”), authorizes new and additional PPP loans and modifies the CARES Act for this purpose. billion for PPP loans, and which includes $35 billion for first-time borrowers. Borrowers who seek a Second Draw PPP Loan may apply through the same community financial institutions beginning January 13, 2021.

Loans 52

Loans Financial Institution Trade Government 52

Collection Industry News

MAY 22, 2023

The Federal Trade Commission has stopped a pair of student loan debt relief schemes that it says bilked students out of approximately $12 million by using deceptive claims about repayment programs and loan forgiveness that did not exist. The Federal Trade Commission works to promote competition and protect and educate consumers.

Student loans 40

Student loans Student Loans Loans Education 40

Better Credit Blog

MAY 27, 2022

Home equity loans allow you to borrow funds against the existing equity on your property. Homeowners use these loans to fund home renovations, student loans, and high-value purchases or consolidate high-interest debt. If you’re considering a home equity loan, check out our pick of the best loan providers below.

Loans 56

Loans Lender Banks Credit Unions 56

Public Citizen

APRIL 22, 2021

FTC sums it up: Section 13(b) of the Federal Trade Commission Act authorizes the Commission to obtain, “in proper cases,” a “permanent injunction” in federal court against “any person, partnership, or corporation” that it believes “is violating, or is about to violate, any provision of law” that the Commission enforces.

Trade 45

Trade Loans 45

Account Recovery

FEBRUARY 29, 2024

The Consumer Financial Protection Bureau and the Federal Trade Commission have filed an amicus brief in a Fair Debt Collection Practices Act case before the Court of Appeals for the Eleventh Circuit over the defendant charging convenience or “pay-to-pay” fees when consumers made payments by phone or online, arguing that the defendant is (..)

Fair Debt Collection 130

Fair Debt Collection Trade Collections Loans 130

Credit Corp

OCTOBER 6, 2023

Today, we go over the average American car payment as well as other statistics like the total auto loan debt in the United States. We also discuss how the average loan differs based on age and credit score. Experian ] The average loan amount for new vehicles is $40,657. Experian® ] Average used car payments are only up 1.7%

Loans 118

Loans Lender Credit Unions Credit Unions 118

Troutman Sanders

APRIL 14, 2022

On April 12, the Consumer Financial Protection Bureau (CFPB) released a blog post titled “ Busting myths about bankruptcy and private student loans.” In the blog post, the CFPB argues that certain private education loans can be discharged in bankruptcy. Loans to a student attending school less-than-half-time.

Student loans 52

Student loans Student Loans Bankruptcy Loans 52

Troutman Sanders

MARCH 24, 2023

As part of the settlement, the entities will forgive $223,685 in loans, pay $33,991 in restitution, and pay $33,000 in civil penalties and costs to the state. and its related entities provided personal loans to consumers to finance taxes and down payments associated with vehicle purchases.

Personal loans 52

Personal loans Loans Government Trade 52

Direct Recovery

JANUARY 31, 2021

There are a wide range of issues to address when it comes to student loan debt, but the one idea that addresses just about everything is that many students aren’t educated on all of their options before (or even after) they sign up to be on the hook for expenses occurred on account of their education. Standard Student Loans are Complicated.

Loans 52

Loans Student loans Student Loans Education 52

The Kaplan Group

MAY 3, 2022

Jump To A Section: Qualifications for Veteran Business Loans/Grants Different Types of Loans Available For Veterans How To Apply to Business Loans Veteran Business Loans FAQ More Business Credit and Loan Resources For Veterans. Qualifications for Veteran Business Loans/Grants.

Loans 52

Loans Lender Credit Unions Credit Unions 52

Account Recovery

NOVEMBER 30, 2020

A $24 million judgment has been entered against a collection agency and one of the agency’s co-owners has been ordered to divest himself of his ownership stake in the company that purchased the collection agency in question after it was accused by the Federal Trade Commission of collecting on “phantom” payday loans, “purported” (..)

Collection Agencies 147

Collection Agencies Collections Agency Judgment Collections 147

UK debt collections

APRIL 24, 2024

Lack of records hampers Investigations Insolvency Service investigators were unable to identify where funds of more than £3.75m which passed through the company bank accounts went to due to a lack of trading and financial records. A total of six staff were employed at the time including directors Pinker and Rhodes.

Lawyers 80

Lawyers Trade Law Firms Government 80

Credit Corp

JANUARY 11, 2024

Request a loan deferment If your financial difficulties are temporary, you may be able to request a pause on your car loan payments. If you’re interested in requesting a loan deferment, it’s crucial that you contact your lender as quickly as possible and before you miss a payment. Your original 60-month auto loan came with a 5.5%

Repossession 52

Repossession Lender Loans Bankruptcy 52

Collection Industry News

NOVEMBER 16, 2021

On November 8, 2021 the Federal Trade Commission (FTC) announced that it entered into a stipulated order with a payment processor, resolving allegations that the payment processor violated Section 5 of the Federal Trade Commission Act (FTC Act) and the Telemarketing Sales Rule (TSR) ???by The order also contains a $27.5

Student loans 40

Student loans Student Loans Loans Trade 40

Collection Industry News

JULY 25, 2022

The move is seen as the Insolvency Service ramping up its actions against deliberate fraud for government backed emergency Covid-19 loan schemes. Officials said the new legislation was proving especially useful in chasing down fraudsters who exploited the loose checks around government pandemic loans. More than 1.4

Loans 40

Loans Government Customs Official Trade 40

Collection Industry News

APRIL 18, 2022

On April 12, the Consumer Financial Protection Bureau (CFPB) released a blog post titled “ Busting myths about bankruptcy and private student loans.” In the blog post, the CFPB argues that certain private education loans can be discharged in bankruptcy. Loans to a student attending school less-than-half-time.

Student loans 40

Student loans Student Loans Bankruptcy Loans 40

Fraser

OCTOBER 13, 2020

A PPP borrower must aggregate all sales and other transfers occurring since the date of approval of the PPP loan in determining whether the relevant threshold has been met. If a PPP borrower fails to satisfy one of the criteria below, SBA consent is required for a change in ownership to ensure the repayment of any unforgiven PPP loan amounts.

Loans 62

Loans Lender Manufacturing Retail 62

Hudson Weir

MARCH 22, 2024

In addition, TTP arrangements are one potential option if you can’t pay a Bounce Back Loan or Coronavirus Business Interruption Loan (CBILS) on time. For more information, here is our guide on what to do if you cannot pay off your Bounce Back Loan. However, alternative financing has its risks.

Creditors 52

Creditors Trade Loans Government 52

Nerd Wallet

OCTOBER 14, 2022

Selling your car privately can mean more money than trading it in at a dealership or online retailer. Selling a car becomes more difficult when: You have a loan. But making the sale can be difficult. The easiest car to sell privately is one you own outright and for which a buyer is paying cash. Whitney Vandiver writes for NerdWallet.

Retail 76

Retail Trade Loans 76

UK debt collections

JULY 29, 2023

The number of UK exporters anticipating an increase in the risk of non-payment has risen from 27% to 43% year on year, according to a survey conducted by credit insurer Allianz Trade. Allianz Trade currently forecasts a drop of 0.1% in global trade in terms of US dollars, compared to the increase of 9.7% seen in 2022.

Trade 52

Trade Banks Loans 52