Nexa Collect

AUGUST 10, 2020

Instead of having to wait 30, 60, or 90 days for your customers to satisfy their invoices per your terms, you can collect the money immediately. Your creditworthiness isn’t a factor when you apply for invoice factoring. And because your invoices provide the collateral, you don’t need to worry about putting assets in jeopardy.

Creditworthiness 130

Creditworthiness Collateral Loans Collection Agencies 130

Credit Corp

MARCH 7, 2021

When talking about the concept of online personal loans, it’s important to touch on the differences between secured and unsecured loans: Secured loans are those where collateral is put up to secure the loan. For instance, a home would act as collateral in a mortgage or home equity line of credit (HELOC).

Personal loans 98

Personal loans Loans Collateral Lender 98

Jimerson Firm

NOVEMBER 2, 2020

Lenders and CDC’s are responsible for monitoring each SBA loan in their portfolio to mitigate the risk of loss because after the loan has closed, changes may occur that can impact the ability to administer or collect on the loan. REO and acquired personal property collateral. 120.535(a). 120.535(b).

Lender 94

Lender Loans Collateral Creditworthiness 94

Debt Guru

MARCH 6, 2020

The result is a percentage that determines your creditworthiness – in short, if lenders believe you’ll be able to repay the loan. It does include things like credit card payments, auto loans, medical bills, personal and payday loans, and any other collections you’re being assessed.

Credit Counselor 86

Credit Counselor Student loans Student Loans Loans 86

Collection Industry News

MAY 18, 2021

Despite objections from CUNA and NAFCU, the House of Representatives passed the Comprehensive Debt Collection Improvement Act on Thursday. Restrictions on the reporting or consideration of certain debt prevents lenders from seeing borrowers’ complete debt circumstances and clouds lenders’ ability to fairly assess borrowers’ creditworthiness.

Lender 40

Lender Foreclosure Collections Debt collector 40

Collection Industry News

APRIL 24, 2025

The bureau reports that, even though it leads to thousands of denied loan applications annually, medical debt is a poor predictor of a borrowers creditworthiness. They may attempt to collect payment through letters, emails or phone calls. After several months of non-payment, however, they may sell your debt to a collections agency.

Creditworthiness 40

Creditworthiness Debt settlement Collection Agencies Collections Agency 40

Sawin & Shea

JUNE 7, 2023

When a borrower applies for a loan or credit card, the lender will assess their creditworthiness by looking at their income, credit score, and debt-to-income ratio. The guarantor may be required to provide collateral or security to the lender to reduce the risk of the loan.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Personal loans 52