RMAi Blog

AUGUST 14, 2024

The bill would broadly define medical debt to mean “a debt related to, in whole or in part, a transaction, account, or balance arising from a medical service, product, or device.” First Credit Union v. Seventh Circuit Rejects Consumer’s FCRA and FDCPA Claims Arising from Post-Bankruptcy Collection and Reporting Freeman v.

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Electronic Funds Transfer Credit and Collections Bankruptcy Law Firms 130

Abrigo

MARCH 13, 2024

How to respond to CRE loan distress Use these tips for banks and credit unions to identify and handle commercial real estate loans that are showing signs of being problem CRE credits. Would you like other articles like this in your inbox? Is the above scenario another pandemic akin to our recent COVID experience?

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Credit Unions CECL Default Credit Risk 88

CreditStrong for Business

AUGUST 9, 2024

As a result, business lenders will request copies of your credit reports to see how you’ve handled debt in the past. If your score is in decent shape, but you’ve filed bankruptcy in the past few years, missed a payment, or have collection accounts, you may have a difficult time getting approved.

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Credit Unions Credit Scoring Credit and Collections Small Businesses 52

Commercial Lending

OCTOBER 14, 2021

When I use the term “traditional banking” I am referring to products from regulated institutions such as Banks and Credit Unions. Many family offices will lend into transactions in addition to or instead of putting capital into those transactions. Family Offices.

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Credit Unions Bankruptcy Transactions Credit Scoring 52

CreditStrong for Business

OCTOBER 24, 2024

Potential Upfront Costs Unfortunately, you’ll probably incur fees when you initiate a debt consolidation, whether you use a loan or a balance transfer card to complete the transaction. While they vary significantly depending on your credit score and lender, they often range from 1% to 8% of the principal balance.

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Credit Scoring Credit Unions Credit Card Companies Bankruptcy 52

Team Financial Group

JULY 11, 2023

From closing more sales and receiving payments faster to gaining access to the full selling price upfront and mitigating transaction risks, a vendor partnership with a reputable private financing company offers tangible solutions to the payment challenges that have long plagued businesses. Removing the risk from transactions.

Credit Unions 40

Credit Unions Bankruptcy Transactions Default 40

CreditStrong for Business

JULY 19, 2024

For those with truly bad credit or a score under 640, you’ll find it difficult to open a business credit card account, as there aren’t as many secured business credit cards available. (A A few banks or credit unions may provide them.) Can I Get a Business Credit Card With Bad Credit?

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Credit Scoring Credit Unions Default Credit Card Companies 52