How to Manage Credit Card Debt: Effective Strategies for Lenders
According to data from the Federal Reserve Bank of New York, credit card debt has increased by $27 billion over the past year, reaching a total of $1.14 trillion. The increasing credit card debt presents a significant opportunity for lenders to offer innovative debt...
7 Key Mistakes to Avoid in Delinquent Payment Collection
More than 73 million Americans currently have debt in collections. This staggering statistic highlights the importance of effective debt collection practices for delinquent payments. For lenders managing their own debt collection, your role is critical in recovering...
What is a Subprime Credit Score? A Detailed Overview
Subprime credit scores are typically a reflection of financial struggles and play a crucial role in determining an individual’s ability to access credit. These scores, often below a score of 670, can lead to higher interest rates and limited borrowing...
Recent Comments