Remove Education Remove Foreclosure Remove Lender
article thumbnail

The Lenders Giving Borrowers Second Chance Loans

Credit Corp

Sometimes it’s a foreclosure, increasingly often it’s due to large medical bills,” Pinsky notes. Those who get these loans find they often also get a good deal of support and borrower education (called “technical assistance”) to make sure they understand the terms of their loans and can hopefully pay them back successfully. “We

Lender 98
article thumbnail

10 Reasons You Were Rejected for Credit

Credit Corp

This code can mean two different things: You don’t have enough accounts for lenders or credit scoring models to effectively gauge your risk as a borrower. Even if you’ve paid your bills on time, if you only have one credit card that’s been open three months, that’s not enough information for many lenders.

Lender 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

In addition to the fees you will pay to courts and your attorney, you will also incur fees for court approved financial education courses you must successfully complete to have your debts discharged. At your request, lenders must grant a forbearance for up to 180 days, renewable for up to a year with a hardship attestation.

article thumbnail

National Financial Awareness Day: Why Financial Literacy is Beneficial For Everyone

True Accord

In order to address this gap, lenders are in a unique position to help provide customers with educational content that not only improves customers’ financial literacy but helps with their own retention and acquisition strategies by building and maintaining customer trust and loyalty.

article thumbnail

DOJ’s Combatting Redlining Initiative Continues With $9 Million Settlement With Park National Bank

Troutman Sanders

The complaint also alleged that all but one of the bank’s 101 mortgage lenders employed during the relevant time period were white. Spend at least $750,000 in advertising, community outreach, and consumer financial education programs and credit counseling in the Columbus area.

Banks 52
article thumbnail

The 7 Best Student Loan Refi Companies – as of May 2022

Better Credit Blog

But finding a good lender can feel intimidating when you don’t know what to look for. Different lenders have different eligibility requirements and offer different interest rates. When you’re shopping around for refinancing options, make sure lenders are doing a soft pull of your credit score. Ads by Money.

article thumbnail

DOJ Reaches $1.15 Million Redlining Settlement With American Bank of Oklahoma

Troutman Sanders

Finally, the DOJ alleged that the bank’s peer lenders made mortgage loans in majority-Black and Hispanic neighborhoods at more than six times the rate of the bank. Spend at least $100,000 in advertising, community outreach, and consumer financial education programs and credit counseling in the Tulsa MSA.

Banks 52