One of the questions most asked of BYL Collections during onboarding of new accounts is regarding credit bureau reporting. Obviously, our credit and collections clients understand how credit bureau reporting may actually prompt a call or payment...
Our hearts go out to the families and those affected by the storms and floods in Texas and Louisiana. Entire neighborhoods are submerged, belongings and pets left behind, and many homeowners hoping they have documents to rebuild their lives after...
A recent court case between a landlord and tenant prompts an interesting discussion. In the lawsuit, the tenant admitted to defaulting on the lease. The debt was then sent to a debt collections company to recover the account. The debt collections...
Creditors and businesses marketing to millennials need to understand that their relationship with cash, credit and debt is drastically different than boomers or generation X. The millennial generation went to high school or otherwise entered the...
Credit scoring determines if you get a loan for a house, a car, or any other major purchase. Based on your past behavior with credit purchases and paying those debts, your credit score could also determine if lenders or creditors will trust you...
With credit card debt in America inching closer to $1 trillion, more consumers than ever are facing low or falling credit scores. For some, tax season means the possibility of a tax refund. While it's tempting for consumers to consider all the ways...
Consumers are notably concerned about the effects of collections on their credit rating. The FCRA protects consumers from inaccurate reports on their credit and also provides a way to dispute false information. When a consumer is educated on debt...
Last week, the Consumer Financial Protection Bureau (CFPB) fined Wells Fargo $185 million for illegal and fraudulent sales practices. According to the CFPB, Wells Fargo employees had opened two million credit card and loan accounts without account...
Accidents happen. Medical bills also happen shortly thereafter. Unexpected medical debt is the number one reason Americans file bankruptcy and, in some cases, it happens without the consumer's awareness. Unpaid bills affect credit scoring. Credit...
Credit and credit scoring can affect buying or leasing a house or car, getting a student loan or credit card, or in some cases, getting a job. Creditors, lenders and property owners may have different policies on when they send an account to...
