I have written previously how CITIBANK’s deceitful practices and predatory lending techniques functioned to almost send me into bankruptcy in 2003-2006. Group based approach makes loans to group that is either individuals who are members of a group and guarantee each others loans or to groups the sub loan to there member Group based lending involves the formation of group of people who have a common wish to financial service.
Don’t let your financial past make the present more difficult than it has to be. If you’re sick of being denied for simple low-limit credit cards, being asked to put unreasonable amounts of cash down just to get an auto loan that you can afford, or losing hundreds or thousands of dollars to interest payments on your past-due credit card balances, take control of your financial well-being with these clutch credit management tips.
As more and more consumers find themselves deeper and deeper in unsecured debt (think credit cards), more and more for profit credit counseling services have sprung up. Some of these services are very good and very fair, but be aware that not all of them are.
Our Credit Professionals know we live in an imperfect world and promises made a year ago in good faith may not be deliverable now – they know how to negotiate and how to get the very most out of every deal and then to follow the deal through to the agreed conclusion, without increasing exposure in the meantime.
As a first planning step the size of the challenge can be estimated by aggregating the ‘forced sale’ net disposable value of the entity’s assets; which could be referred to as the ‘Maximum Covered Liabilities’ (MCL) if no management action is initiated.