RMAi Blog

AUGUST 14, 2024

RMAI has been opposing this bill since 2014 when it was first introduced. Seventh Circuit Rejects Consumer’s FCRA and FDCPA Claims Arising from Post-Bankruptcy Collection and Reporting Freeman v. The consumer filed for bankruptcy and eventually cured her pre-petition mortgage default through her bankruptcy plan payments.

Electronic Funds Transfer 130

Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 130

tillful

MAY 31, 2023

If too many borrowers default on loans around the same time, lenders not only lose a sizable amount of their forecasted profits, but can also lose a portion of the money they loaned out. So, what causes a group of borrowers to default around the same time? As homeowners defaulted across the U.S.

Small Businesses 52

Small Businesses Credit Scoring Default Credit Unions 52

aptic

OCTOBER 12, 2021

In 2014, the ECB published a guide for European banks to prevent another banking crisis. In the case of a bad loan, there’s a real possibility of bankruptcy and there’s a chance that the bank will not recover its money. Today, the UTP category is more relevant than ever in the field of credit management.

Bad Debt 52

Bad Debt Credit and Collections Invoice to Cash Bankruptcy 52

Fundera

SEPTEMBER 7, 2016

But in 2014, that number dropped by 38% to only $44.7 Bankruptcy. If either you or your business has filed for bankruptcy within the last 10 years, chances are Wells Fargo won’t lend to you—unless you’ve fully repaid all of your creditors. And if an account default occurs, your interest rate will bump up. interest rate.

Small Businesses 59

Small Businesses Credit Scoring Bankruptcy Credit Reporting Agencies 59

Fundera

JUNE 22, 2016

If you default on your “loan” with a pawnbroker, your credit score won’t report it—but technically, this is a form of alternative lending. By 2014, that amount had dropped 38% to $44.7 You might not think of pawnbrokers as lenders, but if you’re pawning an object, you’re essentially taking out a loan with your property as collateral.

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76