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EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call (855) WEB-RECON or email admin@webrecon.net today!
You want to aim for good credit at all stages of life, but some people forget to consider how important credit is when you reach retirement. When you retire, you want to have as much financial freedom as possible to live out the rest of your years in peace. Unfortunately, bad credit can get in the way if you’re not careful. Why It’s Important to Have Good Credit in Retirement You May Need to Take out a Loan Retirement comes with many expenses, some of which can be unexpected.
The Attorney General of Massachusetts is recommending a prohibition on the credit reporting of medical debt while also making other suggestions about how medical debts are collected as part of a report that her office released this week on healthcare cost trends in The Bay State. The report includes specific recommendations to address these issues, such as prohibiting medical debt from being reported to credit bureaus and improving medical debt collection practices to protect vulnerable consumer
Being tight on cash when your credit card is due can be stressful. You may wonder if you can use another credit card to cover the upcoming payment. Unfortunately, most lenders don’t accept credit card payments. But that doesn’t mean you’re out of options. You can try using a cash advance or transferring the balance to a different card.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
A District Court judge in Maryland has denied a defendant’s motion for partial dismissal or summary judgment and also denied the plaintiff’s motion to strike affirmative defenses in a Fair Credit Reporting Act case, in which the judge also warned the defendant’s attorney of her “ethical and professional responsibilities” regarding misrepresentations that were made.
When you take out a mortgage, a financial institution agrees to lend you enough money to purchase a home. In exchange, you promise to make monthly payments until you’ve paid off the loan balance. Each payment includes principal and interest, which is the cost of borrowing money. Before approving your mortgage application, a lender needs to know you have the ability to pay back the loan.
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When you take out a mortgage, a financial institution agrees to lend you enough money to purchase a home. In exchange, you promise to make monthly payments until you’ve paid off the loan balance. Each payment includes principal and interest, which is the cost of borrowing money. Before approving your mortgage application, a lender needs to know you have the ability to pay back the loan.
Following up on past-due invoices and delinquent accounts can be a full-time job. However, it is invaluable to your business's bottom line. If you're considering outsourcing debt collections or handling them in-house, this post can help clarify the benefits of outsourcing. Outsourcing B2B debt collection can transform your financial operations by bringing in expertise, reducing costs, and freeing up valuable internal resources.
The Consumer Financial Protection Bureau yesterday announced an enforcement action against Global Tel Link Corporation and its subsidiaries, involving financial penalties totaling $3 million. GTL is required to pay at least $2 million in redress to harmed consumers and a $1 million penalty to the CFPB’s victims relief fund. What happened: GTL and its subsidiaries, which provide money transfer services to incarcerated individuals, were found to have illegally blocked money transfers and sei
Class-Action Lawsuit Filed Over Repeated Medical Debt Collection Attempts Judge Denies Defendant’s Motion to Dismiss in FCRA Case While Also Issuing Warning to Defense Attorney Massachusetts AG Proposes Prohibition on Medical Debt Credit Reporting, Other Collection Limitations CFPB Hits Global Tel Link with $3 Million Penalty for Abusive Practices WORTH NOTING: How to get your home ready for winter … If you are worried about giving your family food poisoning during the holiday season, here
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