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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True Accord
JANUARY 21, 2025
The good news for lenders and debt collectors is that a reported 72% of consumers have a New Years resolution to pay off debt in 2025. What Does This Mean for Debt Collection? For lenders and collectors, here are some recommendations for your debt collection strategy in 2025: Scalability, Go Big or Go Home.
Collection Industry News
JANUARY 19, 2021
Yet the federal government’s Paycheck Protection Program last year also gave the company a helping hand: It provided $2.4 Those were just two of more than 1,800 loans that went to debt collectors and high-interest lenders through the Paycheck Protection Program, according to an analysis by The Washington Post.
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].
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