Collateral, Collection Agent and Lender - Creditor Collections Today

What Are The Common Problems Faced by the Debt Collection Agents?

Taurus Collect

MAY 24, 2022

In such cases, generally, collateral is kept against the given debt. This allows the lender to receive money after attaching the assets or obtaining the collateral in possession. However, a bankrupt customer is a massive blow to the collection agent, as debt recovery becomes a long, tedious process.

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Establishing Standing in a Foreclosure Proceeding

Jimerson Firm

MAY 17, 2021

In order to maintain a foreclosure action against a borrower, lenders must ensure they can establish “standing”. Standing is a fundamental requirement for a foreclosure, as lenders who desire to initiate a foreclosure proceeding are required to have standing. Second, lenders are required to have standing when suit is filed.

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Creditor Collections Today

What Are The Common Problems Faced by the Debt Collection Agents?

Establishing Standing in a Foreclosure Proceeding

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