Credit Corp

JUNE 12, 2023

A personal loan is money borrowed from a lender that can be used for almost any purpose, from debt consolidation to home improvement projects. Most people don’t have $5,000+ sitting in their bank accounts—that’s where personal loans come in. What Is a Personal Loan? Why Would I Need a Personal Loan?

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Credit Corp

MAY 9, 2023

If you’re in that 16%, you’ve probably wondered how to get a car loan with bad credit. Check Your Credit Score Before you start researching car loans in earnest, conduct a soft credit score check to see what you’re working with. Every lender will have different DTI requirements, but it’s generally recommended to stay below 36%.

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Credit Corp

JULY 31, 2024

In recent years, the rise of digital lenders like SoFi and Ally has transformed the lending landscape, offering borrowers new options for obtaining loans quickly and conveniently. But what sets these digital lenders apart from traditional banks and credit unions?

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Troutman Sanders

APRIL 20, 2022

On April 18, the Consumer Financial Protection Bureau (CFPB or Bureau) published a blog post , scrutinizing the practice of withholding transcripts from students with delinquent accounts and who are attending an institute of higher education. Before that, he served as the CFPB’s student loan ombudsman under former Director Richard Cordray.

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Credit Corp

JULY 30, 2020

As of February 2020, student loan debt in the United States reached a record total of $1.6 Many people are struggling to pay student loans and taking part in various deferment and other assistance programs. Find out more about stimulus help for student loans below. The CARES Act Stimulus Package and Student Loans.

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Credit Corp

SEPTEMBER 27, 2021

Almost 70% of students in North America take out student loans. Many students can’t afford post-secondary education without financial help. Loans are scary, and come with lots of disadvantages. Don’t fear, because we will be covering the most frequent student loan mistakes. Before getting a loan, do proper research!

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Credit Corp

APRIL 26, 2021

With the help of our research provider, Pureprofile, Finder surveyed 1,718 American adults in January 2021 to see how personal loans are being used in the US. of Americans, said they have taken out a personal loan in their lifetime. This is despite the fact that many lenders have made it more difficult to qualify for a loan.

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Troutman Sanders

SEPTEMBER 4, 2020

On August 31, 2020, the Tenth Circuit affirmed the United States Bankruptcy Court for the District of Colorado’s holding that certain student loans not guaranteed by a governmental unit may be discharged in bankruptcy. 523(a)(8)(A)(ii) which excepts “an obligation to repay funds received as an educational benefit, scholarship, or stipend.”

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Student Loans Student loans Loans Education 78

Better Credit Blog

APRIL 2, 2022

Whether you’re making a big purchase or just refinancing some existing debt, a personal loan could help. But comparing loan options could take days — unless you use an online marketplace like Fiona which lets you compare personal loan offers side by side within minutes. How Fiona Loans Work. Fiona Loan Fees.

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Taurus Collect

JUNE 16, 2024

Managing compliance and regulations in collections can be challenging for lenders in the UK. This blog post aims to provide clear guidance on what lenders need to know. Understanding these elements can help lenders navigate the complexities of their industry. We’ll cover key regulations and share tips for compliance.

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Better Credit Blog

JUNE 1, 2022

This time can also be stressful, though, as obtaining a college education is pricey. In those cases, student loans can be a valuable resource. If you’re looking for a loan to help fund your education, you have plenty of options. Read on to learn which types of student loan might work best for you.

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Better Credit Blog

MAY 17, 2022

One of the benefits of auto loans – which can actually be a problem – is that they’re so easy to get. Most auto loans are straightforward. But there are various types of auto loans that contain different provisions. If you don’t know what they are, you could pay too much for your loan. Auto Loans Can Be “Good Debt”.

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Credit Corp

APRIL 5, 2021

Student loans get a bit of a bad rep in the news related to the amount of debt they cause. But if you’re looking to advance your career with a necessary degree, student loans might offer a way to pay for your education so you can improve your future. So how do student loans work? What is Student Loan Forgiveness?

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Better Credit Blog

JUNE 1, 2022

When your scholarships, grants, and federal student loans aren’t enough to cover the cost of college, it may be time to turn to a private lender. Private student loans can help you bear the weight of tuition. The key to finding the right student loan with the lowest rates and best terms is to shop around. Sallie Mae.

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Better Credit Blog

MAY 11, 2022

million people carry some form of student loan debt, with most averaging around $39,000 —although many of us have a lot more. Refinancing your student loans could help lower your monthly payments and reduce your overall repayment amount. But finding a good lender can feel intimidating when you don’t know what to look for.

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Credit Corp

AUGUST 23, 2021

It’s a common scenario: You apply for a personal loan or credit card and get denied. The reason seems shrouded in mystery, and you receive a letter with language such as “lack of recent installment loan information” or “proportion of balances to credit limits.” 8 Common Reasons You Were Denied Credit. .”

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Better Credit Blog

APRIL 1, 2022

The best personal loans charge low fees and low fixed interest rates, have flexible loan amounts and terms, and have no prepayment penalties. A personal loan could let you access cash for any purpose. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal. Compare Rates Now.

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Titan Consulting

JUNE 7, 2020

Congress recently passed legislation in the CARES act that provides direct and indirect benefits to Federal Student Loan borrowers. Congress also counts the non-payment period through September as credit toward loan forgiveness credit. Help Available for Borrowers with Student Loans. How to Get the CARES Act Benefits?

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Better Credit Blog

DECEMBER 22, 2021

If you have multiple debts, such as overdue credit cards you need to pay down, a debt consolidation loan might be able to help you to better keep track of what you owe by getting it all in one place, perhaps even at a lower interest rate. How Debt Consolidation Loans Work. When Might It Make Sense To Get A Debt Consolidation Loan.

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Credit Corp

SEPTEMBER 16, 2020

Credit Builder Loans. Credit builder loans aren’t widely publicized, but they are a great way to build credit without a credit card. Smaller institutions like credit unions are generally more likely to offer credit builder loans specifically to help borrowers build credit. Passbook or CD Loans. Peer-to-Peer Loans.

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Credit Corp

FEBRUARY 16, 2023

One area where people become especially concerned is the overall cost of a home loan. Our tips include those related to your credit history, savings and income, along with some advice about educating yourself on mortgage terms and interest types. Here are some tips to help you get the best rates for mortgages.

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Debt Guru

JANUARY 27, 2020

Higher education is a noble pursuit. But if you can’t pay and remain in delinquency for a certain amount of time (for federal loans, the time frame is typically nine months without making a payment), your lender will declare the loan in default. . Unfortunately, in the US, it’s also a pricey one.

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Collection Industry News

OCTOBER 10, 2022

The CFPB released a special edition of Supervisory Highlights on student loan servicing practices of loan servicers and schools lending to students directly. This practice creates a powerful mechanism to enforce payment demands, as consumers who cannot obtain transcripts could lose future educational- and job opportunities.

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Credit Corp

MAY 16, 2023

These offers are a fairly new type of loan becoming increasingly popular across online retailers known as Buy Now, Pay Later. Similar to a loan, these services are paying for your purchase up front alongside your initial payment to the service. Be sure to check all terms and conditions before signing up for any loan agreement.

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Troutman Sanders

SEPTEMBER 12, 2022

On August 30, the California Department of Financial Protection and Innovation (CA DFPI) published a notice of rulemaking action, proposing amendments to the Student Loan Servicing Act. In the last five years, education financing products, such as income share agreements and installment contracts, have emerged.

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Credit Corp

JULY 21, 2020

A car loan affects your credit in several ways, and it also reduces the amount of income you have that’s not tied up in debt obligations. Then, make an educated decision about what’s the better priority for you right now: an auto loan or a mortgage. Does Buying a Car Affect Your Credit?

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Collection Industry News

AUGUST 8, 2022

15 provides the Private Student Loan Collections Reform Act, which is contained in Sections 1788.200 to 1788.211. Section 1788.203 requires all settlement agreements between a private education lender or private education loan collector and a debtor to be documented in open court or otherwise reduced to writing.

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Sawin & Shea

JULY 13, 2022

The majority of people in Indiana who have thought about declaring bankruptcy likely already know how challenging it is to get student loans erased. Although it is not impossible, debtors normally need to pass the Brunner test, which establishes that repaying the student loans will put them in an unreasonably difficult position.

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Better Credit Blog

AUGUST 3, 2021

Having a bad credit score can make it difficult to get a loan. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.” The Most Important Factors For Loans For People With Bad Credit. Best Loans for Bad Credit Reviews.

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Better Credit Blog

AUGUST 3, 2021

Having a bad credit score can make it difficult to get a loan. “A bad credit score is somewhat of an indicator of your short, medium, and long-term ability to repay the loan, which is how banks make money.” The Most Important Factors For Loans For People With Bad Credit. Best Loans for Bad Credit Reviews.

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Credit Corp

MARCH 21, 2023

According to the Federal Reserve, 4 in 10 people who go to college incur debt to pay for their education. Currently, individuals with outstanding student loan debt owe as much as $100,000 or more, with more than 40% owing between $20,000 and $99,999. If you’re struggling with student loan debt, you certainly aren’t alone.

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Fico Collections

SEPTEMBER 15, 2022

Saudi Credit Bureau Delivers Access To Loans For Millions with Score. Vision, Advocacy And Education. This growth in Saudi financial inclusion was made possible by SIMAH’s advocacy efforts with financial institutions and a parallel education campaign with consumers. “We Educating Consumers And Addressing False Narratives.

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Titan Consulting

AUGUST 23, 2020

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. Filers can typically retain the home and vehicle as long as you make payments on the loan.

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Troutman Sanders

OCTOBER 4, 2022

On September 29, the Consumer Financial Protection Bureau (CFPB or Bureau) released a special edition of its Supervisory Highlights , focusing on student loan servicing. It’s time to open up the books on institutional student lending to ensure all students with private student loans are not harmed by illegal practices.”.

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Student Loans Student loans Loans Education 52

Titan Consulting

AUGUST 2, 2020

Home Equity Loans and Home Equity Lines of Credit (HELOCs) are convenient, cost-effective ways to access capital from your home’s value. Lenders are increasing the requirements for borrowers to qualify due to the COVID-19 pandemic. Equity sharing programs do not rely on loans, interest, or monthly payments. Key Takeaways.

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Loans Lender Debt Consolidation Credit Card Debt 70

Troutman Sanders

APRIL 2, 2021

The Sixth Circuit recently confirmed student loan servicers, who begin servicing debts after default and resale, are not liable to borrowers under the Fair Debt Collection Practices Act (FDCPA) because the servicers are not acting as “debt collectors.”. the Sixth Circuit affirmed summary judgment for student loan servicer Nelnet, Inc.

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Better Credit Blog

NOVEMBER 4, 2021

Preapproval is usually the first step in getting a home loan or mortgage. Let’s look at the advantages of home loan preapproval and how to get through the process successfully. The Benefits Of Home Loan Preapproval. Preapproval for a home loan isn’t a guarantee that you’ll receive a loan. Happily, the answer is no.

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