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Collection Agencies in Puerto Rico

Nexa Collect

The CFPB has the authority to stretch its long arm as far as the most remote corner of the United States and its territories in order to supervise and audit local banks, credit unions, payday lenders, debt collection agencies, and more. All that being said, in Puerto Rico interest is allowed on money judgments, at a rate of 6%.

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An In-Depth Guide to Bank Account Garnishment in Texas and How to Avoid It

Debt RR

This unpaid debt can lead to a serious problem for businesses: garnishment. Bank account garnishment can create serious cash flow blocks for companies of all sizes, and those cash flow problems can compound into other issues, like payroll concerns and late payments on other accounts. Can Debt Collectors Garnish Bank Accounts in Texas?

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4 Reasons NOT to Get a Payday Loan

Debt Guru

n]: A financially detrimental debt arrangement that only benefits the lender. Unfortunately, while the former is pretty straightforward, there’s a lot of confusion surrounding the latter – something that shady or disreputable lenders use to their advantage. And storefront operations can run differently than online lenders.

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Getting Approved for a Loan After Bankruptcy

Sawin & Shea

You will need pay stubs, bank statements, and tax returns to prove this to your potential lender. Prequalify through several lenders. This will not harm your credit score. Make a formal application with the lender you choose. Tip: Credit unions often offer better rates than banks because they are non-profit organizations.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

The legislation would benefit banks and credit unions with assets under $15 billion. Notices of foreclosure will only be accepted if the lender or servicer certifies that they notified the borrower of their right to request a forbearance. For more information, click here.