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Collections Economics 101 for Digital Lenders

True Accord

With digital lending via neobanks and fintechs on the rise, consumers have more options than ever for obtaining loans. based lender following GAAP accounting, the lender’s net loss rate (or net charge off rate) is the ultimate metric. This is even more important if a lender takes consumer deposits to fund any of their lending.

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How To Deal with Debt Collectors When You Can’t Pay

Better Credit Blog

They play with your emotions, tapping into your existing fears and stigmas about debt collection. Agents can simply imply threats, and that’s often enough to prompt payment, such as threatening to call your employer and set up wage garnishment arrangements. Don’t Allow Them To Provoke You. Get a Free Copy of Your Credit Report.

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re:ceeve Partners with Ferratum, Signaling a Shift to a New Standard in Collections

Re:Ceeve

Founded in 2005 and headquartered in Helsinki, they are an international provider of mobile banking as well as digital consumer and small business loans. ?We We are working with their subsidiary, Pactum Collections GmbH ("Pactum"), who are focused exclusively on collections as a master servicer and portfolio manager.

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Establishing Standing in a Foreclosure Proceeding

Jimerson Firm

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. Aurora Loan Services, LLC, 163 So. What is Standing? 3d 377, 379 (Fla.

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Best Credit Repair Software

Better Credit Blog

Experian Boost Cons: If a lender uses credit reports from Transunion or Equifax to determine your eligibility, Experian Boost won’t help. Like Personal Credit, Credit Detailer specializes in helping people who have credit reporting errors dragging down their score and preventing them from getting good interest rates on loans.