PBWT
OCTOBER 27, 2021
Post-petition, the debtor operated as a debtor-in-possession and, with the consent of one its largest pre-petition lenders, used cash collateral from its retail locations to continue operating. The debtor encountered financial problems related to the onset of the COVID-19 pandemic, resulting in a chapter 11 filing in April 2021.
Credit Corp
SEPTEMBER 13, 2023
Depending on the reason, they often do not require collateral. Cash Advance Fee: 3%, Min $10 Late Fee up to $39 Card Details + Credit Cards Issued by a Retail Store : These are accounts that are issued by the stores where you like to shop. These are not the same as a home equity line of credit , which is actually a revolving account.
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Debt RR
DECEMBER 13, 2019
If collateral is seized, it often occurs in court, leaving a record for other partners and vendors to dig up. Retailers Gymboree, Charlotte Russe, Payless, Roberto Cavalli, and Diesel filed Chapter 7 bankruptcies in 2019. There were 45 major business bankruptcies filed in 2019, and a large portion were in retail.
Credit Corp
APRIL 26, 2021
But online retailers and app-based companies have taken off to fill the new consumer need. Startup costs can easily top $10,000 and the fact that these loans are typically secured with collateral makes it easier to qualify for larger amounts. We’ve also seen an enormous change in the business landscape.
Collection Industry News
JUNE 17, 2024
This includes mortgages, home equity revolving debt, auto loans, credit cards, student loans and other consumer lending such as retail cards. Household debt in the “Other” category — which includes retail cards and other consumer loans — also saw a substantial increase of 7.7% The total household debt of $17.3 over the same period.
Debt RR
JANUARY 24, 2020
Businesses need collateral for secured loans, which can come in different forms: Asset-backed loans. Collateral can be real property or liquid assets. As lenders can seize the collateral, secured loans are generally easier to approve for businesses without a lot of credit or financial history. Retail orders.
Payment Savvy
JULY 23, 2023
Type 02 – Pawnbroker in Firearms: Similar to Type 01, but it enables the licensee to operate as a pawnbroker, accepting firearms as collateral for loans. For instance, it’s the go-to license for retail stores that sell firearms. This license is versatile and caters to a variety of business models.
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