ABI Blog Exchange

Before bankruptcy, a miserable credit score was no surprise.  My client reported a 498 credit score before he filed.

What was surprising is that, three month after he filed bankruptcy, his score was 614!

That’s a 116 point increase in his score in three months. 

That’s while his bankruptcy case is still active, and long before he gets a Chapter 13 discharge.

So let’s hear no more about bankruptcy always trashing your credit score.

Setting worries about future credit issue aside allows you to  focus on the health of your balance sheet and the peace that comes with reduced debts.

What credit scores measure

Bankers are disputing upstarts' claims customers don't like them, noting progress that traditional institutions have made in recent years.

The percentage of farm lenders losing money hit a six-year high in the third quarter, according to the FDIC.

While digital channels are becoming more popular, many banks remain committed to highway advertising.

A day after House Democrats urged the banking agencies to unite behind a joint plan to update the Community Reinvestment Act, Senate Democrats worried that an impending proposal from the OCC and FDIC will reduce access to credit.

The largest U.S. bank will share data through application programming interfaces with a sometimes-controversial data aggregator.

In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength.

CEO Charlie Scharf said in a letter to Congress that a review is underway to determine how many customers were affected by confusion over monthly fees and that the bank will begin issuing refunds next year.

If administrators use leased property for the benefit of the administration, rent is payable to the landlord for the period of occupation, as an expense of the administration.