When lenders find themselves facing lawsuits, there can be a financial stake. They may have to pay for legal fees and potential settlements. But it is not just about money – the lender's reputation is also on the line. Staying financially strong and keeping up a good...
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Year: 2023
What to do when facing lawsuits for violating the FDCPA?
Lenders play a crucial role in the financial landscape. But when it comes to collecting debts, they must adhere to strict guidelines to ensure they treat debtors fairly. However, there are instances when lenders may also face challenges. For example, some borrowers...
What are the rights of a creditor?
A creditor is an individual or entity that lends money to another party. The person or entity that owes money becomes a debtor. The creditor has the right to protect themselves and their assets. They have the right to take back what the debtor owes them. Their rights...
Should you get a home inspector?
One of the many joys in life is buying a home. You get the security and comfort of knowing you won’t have to pay monthly rent bills. You can customize your home however you see fit. And, you can pick the community you wish to lay down roots. If this is your first...
2 instances when mortgage refinance does make sense
A mortgage is probably one of the biggest and most important financial obligations you can ever get into during your lifetime. The right mortgage can not only help you own your dream home but also help you realize your financial goals. However, there might come a time...
3 instances when you shouldn’t hesitate to end a partnership
In the fast-paced and competitive business world, partnerships drive success and growth. However, not all partnerships are meant to last forever. There are instances when it becomes necessary to sever ties and end a business partnership. Partnerships can be rewarding...
What is the Real Estate Settlement Procedures Act?
RESPA, the Real Estate Settlement Procedures Act, is a pivotal piece of legislation that has long influenced real estate transactions across the United States. Introduced by Congress in 1974, RESPA's mission is to better ensure that homebuyers and homeowners are...
Examples of potential creditor harassment
Creditors can contact borrowers about the monies that they owe. They can try to collect on that debt. But there are still specific guidelines that they have to follow. If they don’t do so, then these efforts to collect could turn into illegal forms of harassment. How...
How to avoid issues during a merger and acquisition
Mergers and acquisitions are complex transactions involving integrating two or more businesses. While they can lead to significant benefits, such as increased market share, cost savings and access to new technologies, they also come with challenges. To avoid issues...
What happens when a business partner refuses a buyout?
When a partner wants out of a business partnership, the remaining partners may have to buy them out to continue operations. But what if the outgoing partner refuses the buyout offer? It can be a tricky situation that could affect the future or continuity of the...