Account Recovery

SEPTEMBER 25, 2024

The big picture: The three bills signed into law are: SB 1061: Medical Debt Reporting Ban AB 2837: New Requirements for Wage Garnishments and Bank Levies SB 1286: Expansion of Rosenthal Fair Debt Collection Practices Act Zoom in: California becomes the eighth state to pass legislation that prohibits medical debt from either showing up on consumers’ (..)

Creditworthiness 147

Creditworthiness Collections Fair Debt Collection Garnishment 147

Credit Corp

JULY 20, 2020

A charged off debt can lead to harassing phone calls, garnished wages, and a major drop in your credit score. This could include suing you in court for what you owe and requesting a garnishment of your wages. Ongoing Apr: 12.99%, 17.99% or 22.99%, based on your creditworthiness. in the final quarter of 2019. Card Details.

Debt Consolidation 98

Debt Consolidation Creditors Creditworthiness Third-party Debt Collectors 98

Debt Free Colorado

FEBRUARY 21, 2022

Threatening to destroy or ruin a customer’s reputation by publicly disclosing their creditworthiness. Communicating with a consumer’s employer about a credit matter unless the creditor is a judgment creditor (in other words, a creditor that has a judgment, like A wage garnishment order, against you).

Debt collector 98

Debt collector Fair Debt Collection Collections Agency Collection Agencies 98

Sawin & Shea

JUNE 7, 2023

When a borrower applies for a loan or credit card, the lender will assess their creditworthiness by looking at their income, credit score, and debt-to-income ratio. Creditors can pursue reimbursement from the co-signer via repossessions, foreclosures, wage garnishment , and other aggressive actions.

Chapter 13 bankruptcy 52

Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Personal loans 52

Collection Industry News

JUNE 1, 2023

Analyzing vast amounts of data allows agencies to identify trends, assess debtor creditworthiness, and predict repayment probabilities. Data Analytics and Predictive Modeling: Data analytics and predictive modeling have become essential tools for debt collection agencies.

Collections 40

Collections Collections Agency Collection Agencies Debtor 40

Troutman Sanders

JUNE 22, 2021

Federal Activities: On June 18, the Federal Housing Administration (FHA) announced updates to its student loan monthly payment calculations to help provide greater access to affordable single-family FHA-insured mortgage financing for creditworthy individuals with student loan debt, which has a disproportionate impact on people of color.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52