Better Credit Blog

AUGUST 9, 2021

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

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Debt Consolidation Loans Lender Personal loans 52

Better Credit Blog

AUGUST 9, 2021

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

Debt Consolidation 52

Debt Consolidation Loans Lender Personal loans 52

Titan Consulting

JULY 22, 2020

Lower interest rates mean saving on variable rate loans like credit card balances and HELOCS. Refinancing and new mortgage processing times are increasing due to the logistics around various loan processing procedures put in place during the global pandemic. Bank Lending Policies. What are the PROS and CONS of a HELOC?

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Foreclosure Bankruptcy Loans Banks 75

Troutman Sanders

MARCH 3, 2023

This most recent case involves an agreement between the DOJ and Ohio-based Park National Bank to resolve allegations that the bank failed to provide mortgage loans by redlining majority-Black and Hispanic neighborhoods in the Columbus, Ohio area. Of its residential mortgage loans in the relevant time period, only.92%

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Banks Lender Education Loans 52

Troutman Sanders

AUGUST 30, 2023

The complaint also alleged that all the bank’s branches and loan production officers were located in majority-white areas. 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.

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Banks Education Loans Foreclosure 52

Troutman Sanders

AUGUST 9, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. For more information, click here. For more information, click here. For more information, click here. On August 3, the Washington, D.C.

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Financial services Student loans Student Loans Foreclosure 52

Burr Forman

MAY 20, 2021

Prohibiting servicers of private education loans from reporting an adverse item of information relating to the nonpayment of the loan for an established period of time.

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Collections Debt collector Student loans Student Loans 52

Troutman Sanders

OCTOBER 19, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On October 4, the CFPB announced that the deadline to request initial forbearance for loans backed by the U.S.

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Troutman Sanders

FEBRUARY 8, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The summary also outlines the FTC’s business and consumer education efforts on fair lending issues. For more information, click here.

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Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

AUGUST 30, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Department of Education (DOE) announced it will make $1.1 For more information, click here. On August 26, the U.S.

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Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

OCTOBER 11, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid (FSA).

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Financial services Loans Lender Foreclosure 52

Collection Industry News

JULY 6, 2021

These non-public actions have occurred in areas such as auto loan servicing, consumer reporting, debt collection, deposits, fair lending, mortgage origination and servicing, private student loan origination, payday lending, and student loan servicing. Examiners found foreclosure issues. important; padding-bottom:1em!important;

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Better Credit Blog

DECEMBER 6, 2021

For veterans, active-duty service members and surviving spouses, VA Home Loans can help make buying a home more affordable. There are two main government-backed programs designed to help people circumvent down payments: VA Loans and USDA Loans. These loans require a minimum credit score of 580. Ads by Money.

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Lender Loans Government Credit Unions 63

Titan Consulting

APRIL 26, 2020

Suspending rent payments die to COVID-19 may put you at risk for foreclosure if you can’t make up your deferred payments all at once. Through the CARES Act, federally guaranteed mortgages , which cover two-thirds of home loans in the US, permit borrowers to delay payments, through a forbearance, for up to 12 months.

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Student loans Student Loans Lender Loans 52

Titan Consulting

SEPTEMBER 2, 2020

Debt consolidation might include a debt management repayment plan, credit card balance transfer, personal loan, or equity line of credit. Personal Loan s are an option if you have excellent credit and high enough income to qualify for additional debt. In many cases, the approved loan will come with a high rate of interest.

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Debt Consolidation Unsecured Debt Consolidate Debt Personal loans 60

Debt Free Colorado

MARCH 10, 2023

At the Law Office of Clark Daniel Dray (debtfreecolorado), you can be sure that a bankruptcy attorney will inform and educate you about the myths about bankruptcy in Littleton, CO. Short sales and loan modifications are viable alternatives to bankruptcy. You can never obtain a loan or a mortgage.

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Troutman Sanders

SEPTEMBER 27, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. For more information, click here.

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Financial services Student loans Student Loans Foreclosure 52

Better Credit Blog

FEBRUARY 15, 2021

Education loans, tuition, fines and fees. Mortgages and loans. Foreclosure. Though you may be unfamiliar with Fairway, the agency collects on a wide range of consumer debts, including the following: Health insurance billing and follow-up. Self-pay collections. Parking tickets. Government fines and fees. Utility bills.

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Collections Collections Agency Collection Agencies Debt collector 74

Troutman Sanders

MAY 9, 2023

On May 1, the CFPB proposed a rule to implement a congressional mandate to establish consumer protections for residential property assessed clean energy (PACE) loans. PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

MARCH 22, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. As of March 18, the department intends to issue full loan discharges for borrowers with approved borrower defense claims.

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Financial services Garnishment Student loans Student Loans 52

Sawin & Shea

APRIL 26, 2023

One of the most significant consequences is the damage it can cause to your credit score, making it challenging to secure loans or obtain credit in the future. Chapter 13 Chapter 13 bankruptcy offers you protection from creditors and helps stop foreclosures and other creditor collection efforts.

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Troutman Sanders

OCTOBER 16, 2023

On October 11, an automotive management company settled claims by the Department of Justice (DOJ) alleging that the company had violated the False Claims Act by knowingly providing false information in support of its Paycheck Protection Program (PPP) loan forgiveness application. For more information, click here. On October 10, D.C.

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Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

JULY 20, 2020

On July 17, 2020, the Federal Reserve Board modified the Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations. The SBA has prohibited banks from favoring a PPP loan application from a director or equity holder.

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Debt Free Colorado

DECEMBER 7, 2016

Lawsuits, garnishments, foreclosures, and other collections stop at this time. Take your Debtor Education Course – Within 45 days of the 341 Meeting. Debts Discharged – No sooner than 60 days after your 341 meeting, but not until the debtor education certificate is filed and court filing fees are paid.

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Chapter 7 bankruptcy Bankruptcy Student loans Student Loans 40

Better Credit Blog

NOVEMBER 24, 2020

It gives you weekly score updates, tailored credit offers, and educational tools to help you see how different financial decisions could impact your score. While Chase doesn’t give you your FICO score, it can still be a solid indicator of how healthy your credit is and how likely you are to get approved for various loans or credit cards.

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Lender Education Bankruptcy Banks 52

Sawin & Shea

JUNE 21, 2023

For example, if a person takes on additional loans or other forms of dischargeable debt right before filing, the court may suspect that the filer took on that debt in bad faith and never intended to pay it. That said, filers cannot discharge all of their debts through Chapter 13.

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Collection Industry News

FEBRUARY 15, 2021

The CFPB observed potential fair lending issues by institutions originating Paycheck Protection Program (PPP) loans under CARES Act amendments to the Small Business Act. requiring a small business to be an existing customer or to become a customer of the institution before applying for the loan from the institution).

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Garnishment Student loans Student Loans Loans 40

Credit Corp

MAY 1, 2024

They may also assist in disputing inaccuracies on your report with credit bureaus and provide educational resources to help you manage your finances responsibly. Your credit score doesn’t say anything about your worth, but it can affect your ability to qualify for loans, credit cards, and lines of credit.

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Fico Collections

JULY 15, 2022

For many, it creates an opportunity to improve their life circumstances; to get an education, to buy a car to get to work, or to own a home. Through that program, and many other ways for the consumers to access their FICO® Score, we offer reason codes and educational material to provide insight to the consumer on their score.

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Lender Education Acquisition Foreclosure 52

Troutman Sanders

AUGUST 1, 2023

On July 24, the Department of Education (DOE) issued a final interpretation to clarify that the Higher Education Act (HEA) preempts state laws and other applicable federal laws “only in limited and discrete respects.” For more information, click here. For more information, click here.

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Titan Consulting

SEPTEMBER 29, 2020

Falling behind schedule on your mortgage payments could result in you losing your home to foreclosure. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy. Paying Credit Card Debt in Retirement. Credit card companies charge an average interest rate of 17.89%.

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Better Credit Blog

NOVEMBER 23, 2020

collects on a wide range of debts from several industries, including: Education. When you fail to repay a debt, whether it’s a medical bill, student loan, or credit card balance, it eventually enters collections. Financial services. Retail cards. Bank cards. Check recovery. Medical debt. Telecommunications. Commercial debt.

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Debt collector Collections Agency Collection Agencies Collections 52

Troutman Sanders

FEBRUARY 22, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Borrowers deserve and desperately need relief from their Federal student loan burden, and they need that relief immediately.”

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Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

SEPTEMBER 14, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. For more information, click here. On September 7, CFPB Acting Director Dave Uejio issued a statement after the U.S.

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Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

APRIL 11, 2022

Department of Education announced an extension of its pause on student loan repayment, interest, and collections through August 31, 2022. Instead of using the payment plans, borrowers continue to pay for costly loan rollovers. For more information, click here. On April 6, the U.S. For more information, click here.

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Credit Corp

JANUARY 10, 2021

It’s beyond (a standard credit report) in most cases, particularly in the case of a large rental company,” says Rod Griffin, director of public education for Experian. Either as a potential tenant or a landlord, you should educate yourself and always be aware of different scams that may be going around.

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Education Bankruptcy Repossession Foreclosure 96

Troutman Sanders

MARCH 1, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The 2020 review found that credit risk for large, syndicated loans has increased over the last year.

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