Household demand for mortgages and consumer credit remains below 2019 levels due to the shock of Covid-19 a report from the Central Bank states. The Central Bank has today published a special edition of the Household Credit Market Report providing … Continue reading →
Read more: creditandcollectionnews.com
JPMorgan (NYSE:JPM) reports its Q3 ’20 financial results on Tuesday morning, October 13th, 2020, followed up by Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) on Wednesday. Goldman Sachs (NYSE:GS) also reports Wednesday morning, while Charles Schwab (NYSE:SCHW) reports Thursday … Continue reading →
Read more: creditandcollectionnews.com
There are five different types of borrowers that exist, segmented by their credit scores: deep subprime, subprime, near-prime, prime and super-prime. With credit scores ranging from 300 to 850, lenders consider those on the higher end as prime consumers and … Continue reading →
Read more: creditandcollectionnews.com
(The Center Square) – Student loan borrowers will be released from legal action resulting from unlawful practices by debt collectors, the New York attorney general’s office announced recently. The protections apply to thousands of students who defaulted on loans, a … Continue reading →
Read more: creditandcollectionnews.com
In Oregon, there are no special protections during the pandemic for garnishing wages. It’s business as usual for creditors and debt collectors. PORTLAND, Ore. — Even before the coronavirus pandemic, Deena McIver was living paycheck to paycheck. Now, the Beaverton … Continue reading →
Read more: creditandcollectionnews.com
Serious delinquency rates dipped in August for mortgages and other credit products – but potential challenges remain ahead for borrowers, according to a TransUnion report. Serious delinquency rates improved last month for mortgages, auto loans, personal loans and credit cards. … Continue reading →
Read more: creditandcollectionnews.com
A Dallas company led by auto finance veteran Samuel Ellis is offering to buy out a California firm that specializes in subprime auto loans for $135 million. Auto Experience Inc., which Ellis formed in 2018, said it made the all-cash … Continue reading →
Read more: creditandcollectionnews.com
Top UK Private Schools body gives Leading Debt Collection Agency ‘Gold Supplier Status’ A Top industry body for Private schools in the UK has announced a new partnership with a leading Debt Collection Agency. The Independent Schools Association (ISA) has … Continue reading →
Read more: creditandcollectionnews.com
U.S. consumer borrowing unexpectedly fell in August as credit card balances declined for a sixth consecutive month with the coronavirus pandemic continuing to limit some purchases amid elevated unemployment. Total credit decreased $7.2 billion from the prior month after an … Continue reading →
Read more: creditandcollectionnews.com
The CFPB is partnering with the Federal Trade Commission (FTC) and more than 50 federal and state law enforcement agencies to launch a nationwide law enforcement and outreach initiative to target phantom debt collection and abusive and threatening debt collection … Continue reading →
Read more: creditandcollectionnews.com
