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The evolution of AI & lending: Parallel journeys shaping the future

Abrigo

Banks & credit unions use technology to solve challenges AI today is the result of decades of research and development. In 1970, Congress passed the Fair Credit Reporting Act to make sure information in credit reports was fair, accurate, and kept private.

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RMAI Update August 2024

RMAi Blog

First Credit Union v. FirstSource InvestiNet, LLC National Credit Adjusters, LLC Velo Law Office BRONZE First Financial Portfolio Services, LLC dba FFAM360 Capital Security Credit Services, LLC Superlative RM BRASS AAA Lenders Inc AACANet, Inc. T-Mobile USA, Inc., 23-1952, 2024 U.S. LEXIS 17393 (6th Cir.

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RMAI Update October 2024

RMAi Blog

In the forthcoming final rule, data brokers will likely face tighter restrictions as the CFPB has hinted that they would be regulated as a credit reporting agency and be required to comply with the FCRA. Acctcorp International, Inc.

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RMAI Update September 2024

RMAi Blog

National Credit Adjusters, LLC Velo Law Office BRONZE Equabli, Inc First Financial Portfolio Services, LLC dba FFAM360 Capital Security Credit Services, LLC Superlative RM Tromberg, Morris & Partners, PLLC BRASS AAA Lenders Inc AACANet, Inc. Acctcorp International, Inc.

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What Having a 700 Credit Score Could Mean for Your Small Business

Fundera

If you’ve been diligent about making your debt payments on time and in full over the years, your credit is probably pretty good. If you have a 700 credit score (or better), your responsible credit habits could pay off big time when you’re looking for business financing.

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RMAI Update December 2024

RMAi Blog

The consumer didnt pay the providers bills, and eventually the provider retained a collection agency which reported the debts to credit reporting agencies. Several years later, the consumer discovered the negative credit reporting and disputed the debts. Acctcorp International, Inc.

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Which Credit Score Do Lenders Use? 

CreditStrong for Business

Credit Scores that Lenders Use For Auto Loans Are you searching for a new car? Lenders are likely to use the industry-specific FICO Auto Score when reviewing your credit history. A variety of versions are used from each credit reporting agency. Credit card issuers aren’t just using FICO though.