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The Lenders Giving Borrowers Second Chance Loans

Credit Corp

And her bank wouldn’t give her and her husband Larry a loan to buy a replacement home. Brenda’s still tending her garden, though, thanks to a second-chance loan from the New Hampshire Community Loan Fund-a Community Development Financial Institution (CDFI). Flexible loan amounts. Flexible loan amounts.

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Banking & Financial Services Industry Webinar: Properly Handling Mortgage Foreclosures

Jimerson Firm

On Tuesday, March 23, 2021, four of our partners presented Properly Handling Mortgage Foreclosures. This presentation was moderated by the firm’s managing partner, and is geared towards special asset departments of banks and financial institutions. The borrower filed for bankruptcy during the foreclosure lawsuit.

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Peering Over The Edge Of The Financial Cliff

Fico Collections

The six month pause on payments instituted by Australian Banks was certainly not designed to accommodate the situation we now find ourselves in. Further assistance was announced in July offering customers a further four month deferral or the option to restructure their loan. This also has implications for the property market.

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How to Check Your Credit Score Without Hurting It

Credit Corp

Whether you’re applying for a loan or simply want to stay on top of your credit score, these tips will help you access your credit information without causing any harm. Hard inquiries , also known as hard pulls, are typically made by lenders and other financial institutions and can harm your credit score. What’s a Hard Inquiry?

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How Rising Interest Rates Can Affect Your Interest Rate After Bankruptcy

Sawin & Shea

Raising interest rates typically slows down the economy as well as the rate of inflation, but these rates have a direct impact on people’s ability to obtain new loans. Here’s what you need to know about getting a new loan and interest rate after bankruptcy. Usually, this is cents on the dollar.

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Arizona Court of Appeals Narrows Statute of Limitations Application

Troutman Sanders

A lender must enforce the debt through foreclosure or a lawsuit within six years after the cause of action accrues. A recent decision provides further guidance for lenders and loan servicers enforcing land sale contracts where title to the property does not transfer until the loan is paid in full. In Velazquez v.

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What Is COAF on My Credit Report?

Better Credit Blog

Hard inquiries are often the result of a credit card or a loan application, and COAF is no exception. COAF may appear on your report after you apply for an auto loan or buy a car with funding from Capital One. Your report may also show a hard inquiry from COAF if you agreed to be a cosigner for someone else’s car loan application.

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