Account Recovery

SEPTEMBER 23, 2024

The background: The case stems from a series of private student loans taken out by one of the plaintiffs between 2003 and 2007 to attend college, with the other plaintiff — his father — co-signing for the loans.

Student Loans 130

Student Loans Student loans Chapter 13 bankruptcy Loans 130

Qualco

NOVEMBER 5, 2024

This e-Guide discusses how creditor organisations can go about building the skills and competencies within their own workforce to enable better governance, compliance, and credit management. However, in a small number of credit businesses, the right strategies for systems and people have not been set.

Loans 98

Loans Credit Management Creditors Government 98

Account Recovery

NOVEMBER 5, 2024

The FTC’s investigation found that the agency made repeated misrepresentations to consumers, claiming they were delinquent on payday loans or other debts. The defendants, Global Circulation, Inc., In many cases, these debts were either non-existent or were not owed to at all.

Debt collector 130

Debt collector Fair Debt Collection Collection Agencies Collections Agency 130

Account Recovery

JANUARY 13, 2025

The background: The dispute stemmed from a credit card account the plaintiff opened in 2016 with the original creditor. According to the plaintiff, the account terms were established during a phone call with a representative, who promised a zero-percent interest rate for the life of the loan and no fees beyond the principal.

Debt collector 130

Debt collector Fair Debt Collection Original Creditor Creditors 130

Account Recovery

FEBRUARY 27, 2025

Rising consumer debt, limited emergency savings, and unpredictable economic pressures mean more borrowers may rely on short-term loans, subprime credit cards, or buy now, pay later plans. Even those considered middle class can struggle to maintain liquid funds.

Collection Agencies 130

Collection Agencies Collections Agency Education Loans 130

Account Recovery

APRIL 8, 2025

Nasdaq: PRAA), a global leader inacquiring and collecting nonperforming loans, today announced that its Board of Directors has appointed President of PRA Group Europe Martin Sjolund to serve as President and Chief Executive Officer (CEO), effective June 17, 2025. PRA Group, Inc.(Nasdaq:

Debt Buying 130

Debt Buying Loans Financial services Creditors 130

Roths Child Law

AUGUST 2, 2024

One of the challenging topics when filing for bankruptcy is whether or not to tell creditors. Should you inform your creditors about your plan to file for bankruptcy, or is it a bad idea? Your objective of notifying creditors about your plan can help you determine if doing so can be beneficial or not.

Creditors 98

Creditors Bankruptcy Repossession Collateral 98

Hudson Weir

OCTOBER 18, 2024

You may well know what an intercompany loan is… But do you know what can happen if the borrowing company becomes insolvent, or enters liquidation? An intercompany loan can provide a quicker and less expensive way for a business to borrow funds. What is an intercompany loan?

Loans 52

Loans Creditors Collateral Financial Institution 52

Roths Child Law

SEPTEMBER 21, 2023

Bankruptcy is a complex procedure that aims to give debtors a fresh start while ensuring creditors get as much repayment as possible. Understanding the automatic stay's role in bankruptcy The automatic stay is a temporary order that halts actions by creditors to collect debts from the person who has declared bankruptcy.

Debtor 96

Debtor Creditors Bankruptcy Repossession 96

Account Recovery

FEBRUARY 18, 2025

More bankruptcies mean higher charge-offs for creditors and increased reliance on third-party collection agencies. Ocwen Loan Servicing, LLC, No. Translation: to CYA, you need better original creditor contracts.] However, this also heightens compliance risks related to bankruptcy accounts. 23-12578, 2025 U.S.

Fair Debt Collection 130

Fair Debt Collection Law Firms Bankruptcy Judgment 130

Qualco

NOVEMBER 26, 2024

This e-Guide discusses how creditor organisations can go about building the skills and competencies within their own workforce to enable better governance, compliance, and credit management. However, in a small number of credit businesses, the right strategies for systems and people have not been set.

Loans 89

Loans Credit Management Creditors Government 89

Jimerson Firm

NOVEMBER 23, 2020

When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. The decision and justification for abandoning the collateral, including the basis for the Recoverable Value estimate, must be documented in the loan file. Liquidation Methods. 679.609(2)(b), Fla.

Collateral 98

Collateral Loans Secured Creditor Lender 98

Account Recovery

DECEMBER 16, 2024

The plaintiff, who alleged various violations against multiple defendants, claimed that her credit card and auto loan accounts were mishandled following instances of identity theft. ” The background: The plaintiff initiated the lawsuit after alleging fraudulent activities on her credit card and unauthorized use of her account.

Fair Debt Collection 130

Fair Debt Collection Financial Institution Creditors Loans 130

Sawin & Shea

JULY 14, 2021

Student loan debt can be crippling. Trying to put money towards a house or a car, as well as paying all of your other bills on top of student loan debt, is often exhausting and can sometimes feel impossible. In America alone, the average student loan debt in 2021 comes to around $1.7 How Does Student Loans Bankruptcy Work?

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Student Loans Student loans Bankruptcy 98

Jimerson Firm

JANUARY 27, 2021

If the borrower is unable to pay the full amount owed on an SBA loan after all of the collateral has been liquidated, the borrower may submit an “offer in compromise.” An offer in comprise allows borrowers to settle their debt on the SBA loan for less than the full amount owed. What is an Offer in Compromise? SOP 50 57 ; SOP 50 55.

Loans 96

Loans Lender Collateral Creditors 96

Jimerson Firm

DECEMBER 10, 2021

Many secured creditors and equipment leasing companies have encountered defaulted debts, where the debtors and lessees retain possession of the collateral, including cars, boats, machinery, or other equipment. What Options do Florida Creditors Have for the Recovery of Personal Property? Self-Help Repossession.

Secured Creditor 98

Secured Creditor Repossession Collateral Creditors 98

Sawin & Shea

OCTOBER 26, 2022

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. If you’re considering filing for bankruptcy, you need to know what personal loans you can discharge and which filing method best suits your financial situation. Payday loans.

Personal loans 98

Personal loans Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy 98

Credit Corp

MARCH 23, 2021

The following is a guest post from Paige Williams, a public relations specialist with New Roads Auto Loans. When most people think about credit and a car loan, they’re thinking about what credit score qualifies them for the car loan. However, that’s not the only way that a credit score will affect a vehicle loan.

Loans 98

Loans Lender Credit Bureau Student loans 98

Jimerson Firm

NOVEMBER 13, 2020

When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. However, lenders should only use this option if it maximizes recovery on the SBA loan. draft settlement statement.

Loans 98

Loans Collateral Foreclosure Lender 98

UK debt collections

JUNE 15, 2022

A startling rise in construction firms defaulting on covid loans could signal a wave of future business failures. It also signals a potential wave of Debt Collection action from creditors to recover what is owed. Costs are rising and demand is weakening while repayments on Covid support loans are falling due.

Construction 89

Construction Loans Debt Recovery Healthcare 89

Consumer Finance

APRIL 12, 2021

The Consumer Financial Protection Bureau (CFPB) took action today against an online debt-settlement company for taking advantage of consumers, failing to disclose its relationship to certain creditors, and steering consumers into high-cost loans offered by affiliated lenders.

Loans 100

Loans Debt settlement Lender Creditors 100

Credit Corp

JULY 25, 2023

Paying off your car loan can lower your credit score, but the effects are usually temporary. Are you thinking about paying off your car loan early? Surprisingly, the opposite can occur—paying off a car loan early can cause a dip in your credit score. Paying a loan off early changes your utilization ratio.

Loans 98

Loans Creditors Trade Lender 98

Account Recovery

FEBRUARY 2, 2021

Charge-off rates on nearly all consumer loan products ended 2020 at historical lows as Americans adjusted their spending habits taking advantage of stimulus payments and overall new-found liquidity.

Collections 176

Collections Creditors Loans 176

Sawin & Shea

JUNE 16, 2021

Many people assume that because they have filed bankruptcy, their credit is ruined, and they will not be able to qualify for any loans. There are a number of steps you can take to improve your credit score and to make it likely that you can be approved for a loan. Apply for a Home Equity Loan or a Home Equity Line of Credit (HELOC).

Chapter 13 bankruptcy 98

Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Loans 98

UK debt collections

APRIL 21, 2022

The Insolvency Service has continued to target bounce back loan abusers in the UK. They have successfully secured restrictions against a gym operator and roofer after they falsely claimed bounce back loans for their respective businesses. However, Dar also applied for additional loans by applying to two separate financial institutions.

Loans 87

Loans Bankruptcy Financial Institution Creditors 87

Better Credit Blog

JUNE 1, 2022

Getting loans, credit cards and other types of credit can be difficult for borrowers without a good credit history, queue, a credit builder loan. What Is A Credit Builder Loan. How Credit Builder Loans Work. Credit builder accounts work like this: It’s a small loan that as you pay to yourself.

Loans 95

Loans Credit Unions Credit Unions Lender 95

True Accord

MARCH 21, 2023

But what will that mean for lenders and creditors? As consumers battle high inflation and interest rates to afford necessities, budgets will be stretched and many will have to prioritize when and where they spend. Unsurprisingly, paying off debt will likely take a back seat to food, housing and transportation needs.

Student Loans 86

Student Loans Student loans Loans Construction 86

Better Credit Blog

JUNE 1, 2022

Borrowing money costs more when you have bad credit — and your choices for a loan will be limited — which is why we have helped you narrow down your list by finding the top 6 best personal loans for bad credit. Use this time to fix your credit before applying for loans. 6 Best Personal Loans for Bad Credit.

Personal loans 86

Personal loans Loans Lender Collateral 86

Qualco

NOVEMBER 28, 2023

This e-Guide discusses how creditor organisations can go about building the skills and competencies within their own workforce to enable better governance, compliance, and credit management. However, in a small number of credit businesses, the right strategies for systems and people have not been set.

Loans 105

Loans Credit Management Creditors Government 105

Sawin & Shea

JULY 8, 2020

Your Chapter 13 bankruptcy plan creates an affordable route to satisfying your creditors and starting to rebuild your financial stability. The kinds of debt that can typically be eliminated are credit card debt, medical bills, utility bills, evictions, repossessions, and personal loans. Section 523(a)(8).

Chapter 13 bankruptcy 133

Chapter 13 bankruptcy Student Loans Student loans Bankruptcy 133

Hudson Weir

FEBRUARY 11, 2025

Potential options after an IBR If the bank calls in its loan after an IBR, you may need to consider alternative financing options. You borrow based on your agreed sales agreements and pay a fee to the invoice discounting service provider Invoice discounting provides short-term loans with the invoice values used as security.

Trade 52

Trade Banks Lender Loans 52

Debt Free Colorado

JUNE 18, 2024

Know How to Stop Creditor Harassment & Wage Garnishment Debt can be a heavy burden. Creditor harassment is any aggressive or threatening communication from a debt collector. Wage garnishment is a legal procedure where a creditor obtains a court order to withhold part of your earnings from your paycheck to repay a debt.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Creditors Garnishment Unsecured Debt 52

Jimerson Firm

DECEMBER 30, 2020

In the event a borrower is seriously delinquent on making payments under a SBA loan, or the SBA loan is classified in liquidation status, lenders and CDCs must develop a prudent and commercially reasonable strategy to maximize their recovery on the loan. 9) The signatures of the lender/CDC and all obligors on the loan.

Loans 98

Loans Collateral Lender Foreclosure 98

Sawin & Shea

SEPTEMBER 14, 2022

They can assist you through the bankruptcy process and can keep creditors from unlawfully harassing you. Examples of non consumer debts include: Alimony Child support Traffic tickets Parking tickets Criminal restitution Business loans Personal guarantees Business property mortgages Business-related legal fees Taxes.

Chapter 7 bankruptcy 122

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Student Loans 122

True Accord

OCTOBER 10, 2023

Economic stressors persist and are likely contributing to many consumers relying on credit to cover expenses, while the resumption of student loan payments adds another financial obligation to the mix. trillion in student debt under the CARES Act, student loan payments resume this month. After three years of relief from payments on $1.6

Student Loans 89

Student Loans Student loans Loans Personal loans 89

Credit Corp

MARCH 12, 2025

If you are having a hard time keeping up with a car loan, voluntary repossession may be a good option to get the burden of late payments off your hands. Voluntary repossession damages your credit score, and you may still owe money if the vehicle sale doesnt cover the loan balance. What Is Voluntary Repossession?

Repossession 52

Repossession Lender Loans Garnishment 52

Jimerson Firm

JULY 1, 2020

When lenders take life insurance policies as collateral for loans, they need to be aware of what needs to occur to place a claim in the event their borrower dies. Therefore, it is critical for lenders to confirm that no prior assignment exists on life insurance collateral prior to taking the collateral on as security for a loan.

Collateral 98

Collateral Loans Lender Secured Creditor 98