MEMORANDUM CONFIDENTIAL Attorney Work Product TO: Samantha Ryan FROM: Sam Student RE: William Montaigne; Abusive collection practices under the Federal Debt Collection Practices Act DATE: September 9, 2017 FACTS William Montaigne defaulted on a $24,500 college student loan. Ms. Kirk of Collegiate Debt Collection Service called Montaigne and demanded payment on the loan. This was Kirk’s first call to Montaigne.…
Do you remember giving authorization for us to pull your credit? How did you first come to talk to us? Did you search through a…
It may seem like you'll never be able to rebuild your credit, which can make it difficult to ever qualify for an auto loan, mortgage, or credit…
Credit ratings are crucial for schools looking to borrow money for capital improvements and maintain positive cash flow. The article NMSU’s bond rating lowered, describes the financial status of the New Mexico State University. Standard & Poor’s Services is one of three major credit agencies. They issued the credit rating downgrade from AA to AA- with a stable outlook. The downgrade impacts the university both internally and externally.…
SWOT analysis stands for an organization’s strengths, weaknesses, opportunities, and threats; it provides a strategic analysis of the company’s businesses and operations. “Financial and Strategic SWOT Analysis provides a comprehensive insight into the company’s history, corporate strategy, business and financial structure, management and operations,” (swotanalysis24.com). SWOT analysis can be useful for forming a competitive advantage for the company. It allows a company to examine where they are lacking and what needs to be fixed. Strengths of Quicken Loans include their formation under the Intuit company, which was already popular and successful.…
Rushmore Loan Management Services LLC was formed on September 12, 2008 as a Delaware limited liability company for the primary purpose of servicing residential mortgage loans, and became licensed in the State of North Dakota on April 19, 2016. On July 30, 2010, the Licensee acquired a mortgage loan servicing platform which provided the Licensee the ability to service the portfolios managed by the Licensee and third-party investors. In September 2012, the Licensee established Dakota Asset Services LLC, a wholly owned subsidiary of the Licensee. Dakota Asset Services LLC is a real estate management entity with a focus on the disposition of real estate owned assets. In September 2017, Rushmore Loan Management Services LLC established Black Hills…
Some of the most critical information in your credit report is your payment history - do you pay your bills on time? While getting behind can put a big ding in your score, getting back on track and re-establishing a good payment record will help it recover…
Research online. Continue searching until you find a company that you feel comfortable with. Compare their offers, quotes and policies. Understand how their policies and process works. Applying with a creditor is the same as applying for any loan.…
Dave Ramsey is strongly against the use of consumer credit. He believes that consumers should save 100% of the price of all items they wish to purchase. Consumers cannot build wealth with credit cards or auto loans. The only consumer debt he does not entirely frown about is a home mortgage. Even though he does not frown upon it, he does not encourage home mortgages either.…
Entering the adult world a few people have no clue what a credit score is until it is time to apply for a loan or they need to buy a new car. A credit score is the number lenders look at to approve and decline your application for credit. For example, when searching for a mortgage company to purchase a new home your credit must qualify before you are approved. Credit scores range from three - hundreds in the mid eight - hundreds. Many factors’ contribute to a low credit score, several you have control over and others you don’t.…
The Fair Credit Reporting Act (FCRA) was created by the federal government to determine how your credit information is handled. It affects the ways that credit reporting agencies protect your information. In addition, the FCRA requires these agencies to provide you with information about your credit record so that you can make sure that it is accurate. Protecting Your Credit With the Fair Credit Reporting Act, you are legally allowed free copies of your credit reports from the three largest credit bureaus.…
Discussion Points 1. To what extent are CORE Credit Union’s networks as converged? Identify and briefly describe additional network convergence opportunities. A1. The Core Credit Union initially used traditional methods of financial transactions.…
The balanced score card was developed by Dr. Robert Kaplan and David Norton. It is stated that the balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization. Below is a chart that tells you what it should look like. When examining Wells Fargo this is how I would use the balance score card starting with the four perspectives: At Wells Fargo the basic question the Customer Perspective: How do we appear to our customers? Customers are the main reason of the existence of every organization.…
• SunE Sky 13th Sideroad, LP (“SunE Sky” or the “Borrower”), a bankruptcy-remote limited partnership between SunEdison, LLC (“SunEdison”) (NR) and SkyPower Limited (“SkyPower”) (NR) (the “Sponsors”), owns and operates the 13th Side Road Solar Energy Project (the “Project”) - an 8.0 MWac PV solar project that was constructed pursuant to Ontario’s Renewable Energy Standard Offer Program (“RESOP”) and sells the energy output to the Independent Electricity System Operator (the “IESO”) (Aa2; SFS 2) pursuant to a 20-year Power Purchase Agreement (the “PPA”). • In 2010, SFS EF AM committed CA$8.25 million (US$ 6.35 million (1 CAD=0.77 USD)) to the Borrower’s CA$ 32.0 million Senior Secured Term Loan (the “Term Loan”). The Term Loan has a 15-year…
Like everything, credit over the years has evolved. It has changed its face and grown into something much different from when it began. In today 's digital world, consumer credit has become increasingly accessible, playing into consumer’s impulse buying and causing damage to consumer credit rating. People today use credit for everything, from groceries to doctor’s visits and everything in between.…