Troubled Jumbo Home Loans: Are Debt Firms Ready?

Troubled Jumbo Home Loans: Are Debt Firms Ready?

A Surge in High-Value Mortgage Delinquencies Recent data reveals a startling trend: over a quarter million high-value mortgages are now seriously delinquent. This surge, especially in mortgages over $400,000, has doubled since last year, posing significant challenges...
Subrogation Strategies: Boost Your Collections

Subrogation Strategies: Boost Your Collections

Did you know that an estimated 70% of businesses face challenges in debt recovery each year? If you’re struggling with unpaid debts, you’re not alone. What is Subrogation and Why Does It Matter? Subrogation might sound complex, but it’s a powerful...
Thanksgiving Shopping: US Consumers to Spend $130B

Thanksgiving Shopping: US Consumers to Spend $130B

Despite a drop in retail sales in October, the first in seven months, expectations are high for a surge in consumer spending over the Thanksgiving weekend. This period marks the start of the holiday shopping season. According to the International Council of Shopping...
Unlock Debt Collection: The Blockchain Shift

Unlock Debt Collection: The Blockchain Shift

Revolutionizing Industries: The Blockchain Phenomenon Picture an age where the nature of transactions, contracts, and record-keeping undergoes a revolutionary transformation. That age is now, and the driving force behind this revolution? Blockchain technology....
AI in Credit Decision-Making: What Creditors Need to Know

AI in Credit Decision-Making: What Creditors Need to Know

In the dynamic realm of credit decision-making, the integration of Artificial Intelligence (AI) has revolutionized processes. But with great power comes great responsibility. The Consumer Financial Protection Bureau (“CFPB”) has recently underlined...
The Role of Debt Collectors in Preventing Financial Fraud

The Role of Debt Collectors in Preventing Financial Fraud

The part debt collectors play in the prevention of financial fraud is not often recognized or appreciated, yet it is a critical one. As a bridge between creditors and debtors, debt collectors are in a unique position to notice and investigate potential fraudulent...
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