Taurus Collect
JUNE 16, 2024
Managing compliance and regulations in collections can be challenging for lenders in the UK. This blog post aims to provide clear guidance on what lenders need to know. Understanding these elements can help lenders navigate the complexities of their industry.
True Accord
FEBRUARY 3, 2022
based lender following GAAP accounting, the lender’s net loss rate (or net charge off rate) is the ultimate metric. For lenders, even the largest international banks, loan losses are the largest expense line in the budget so it’s important to prepare for those losses. What is a roll rate in debt collections?
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Credit Corp
MAY 4, 2021
No lender or service provider has to do it. A lender that didn’t previously report might begin doing so—and vice versa. Many of these traditional lenders report to all three bureaus, but not all do. Some lenders and service providers only report to the credit bureaus if you’re late with your payments.
True Accord
JULY 2, 2020
To better understand the effect this uncertainty has had on debt collection, we analyzed data from over 12 million consumers of major banks, issuers, eCommerce companies, and direct lenders. Here’s what you can expect from the report: Pre-coronavirus payment insights.
True Accord
AUGUST 3, 2021
Digital-first debt collection fintech readies for continued B2B and B2C expansion with strategic leadership reorganization. TrueAccord empowers many of the estimated 77 million consumers who are in debt every year to get on a path to better financial fitness. To learn more, go to [link].
Credit Corp
AUGUST 13, 2021
Each lender will have its own unique requirements the business must meet before offering a short-term business loan. Lenders want to see that the business can support repayments on a daily or weekly basis. Most lenders are going to need all this information, although there may be some that ask for more or less than this.
Credit Corp
DECEMBER 14, 2020
Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. Each state has a law referred to as a statute of limitations that spells out the time period during which a creditor or collector may sue borrowers to collect debts.
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