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Articles Category: Debt Resolution

Browse 71 articles related to debt-resolution

Alternative Data’s Impact on Loan Approvals: How Non-Traditional Measures Are Changing the Rules
Debt Resolution
4 min read

Alternative Data’s Impact on Loan Approvals: How Non-Traditional Measures Are Changing the Rules

The fields of loan approvals and credit rating have been quietly revolutionizing themselves in recent years. Conventional indicators like credit card usage, loan repayment history, and outstanding dues are the constant foundation of traditional credit scoring models like FICO and VantageScore. However, the evaluation of a borrower’s creditworthiness by lenders is changing due to the increasing use of alternative data, which are non-traditional indicators that go beyond credit scores.

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How to Rebuild Credit After a Loan Default
Debt Resolution
5 min read

How to Rebuild Credit After a Loan Default

Defaulting on a loan is a challenging experience that can significantly impact your credit score and financial opportunities. However, default doesn’t have to be the end of the road. With the right strategy, patience, and commitment, it’s possible to rebuild your credit and regain financial stability. Here’s a guide to help you navigate the steps toward credit recovery and restore your creditworthiness.

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