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Q4 Industry Insights: Looking Good on Paper, Feeling Bad in Wallets, Everyone’s Uncertain on Financial Outlook

True Accord

With inflation proving more sticky than policymakers had hoped and uncertainty around how the new administrations policies might affect it, it may take longer for people to see lower interest rates on their mortgages, car loans and credit card balances, which could prove challenging to household budgets.

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Managing Compliance and Regulations in Collections in the UK: What Lenders Should Know

Taurus Collect

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.

Lender 69
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What Is a Short-Term Business Loan? A Definitive Guide

Credit Corp

Short-term business loans differ from other kinds of installment loans. How do you know if using a short-term loan is correct for the business? In this definitive guide, you’ll learn how short-term business loans work, the types of loans available, the benefits of short-term business loans, and the potential pitfalls!

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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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Navient settles predatory student loan claims for $1.85B

Collection Industry News

The company agreed to cancel $1.7 BOSTON — Navient, a major student loan collecting company, agreed to cancel $1.7 Forbearance is when lenders allow borrowers to pause or reduce payments for a limited time while they build back their finances. billion in debt owed by more than 66,000 borrowers across the U.S.

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Debt Collectors, Payday Lenders Collected Over $500 Million In Federal Pandemic Relief

Collection Industry News

Yet the federal government’s Paycheck Protection Program last year also gave the company a helping hand: It provided $2.4 million in forgivable loans to Capio and an affiliated firm, the Law Office of Mitchell D. More than half of small-business loans went to larger businesses, new SBA data shows.

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What Bills Help Build Your Credit?

Credit Corp

Rent payments Utility bills Cable, internet or cellphone bills Insurance payments Car payments Mortgage payments Student loan payments Credit card payments Medical bills. No lender or service provider has to do it. A lender that didn’t previously report might begin doing so—and vice versa. Apply for a credit builder loan.