Columbia Bank New Jersey’s Post

In my latest article I consider the recent decision of Waller-Edwards v One Savings Bank Plc, in which the Court of Appeal provided guidance on the application of the principles of undue influence in joint borrowing transactions where security is given partially for joint non-commercial purposes and partially for the benefit of a single borrower. #UndueInfluence #PropertyLitigation https://lnkd.in/eKkdWNNr

At Bad Credit Loans, we understand that there are emergencies no one can plan for, and we aren’t limited to helping only consumers with perfect credit. Sometimes a run of bad luck comes up through no fault of your own. However, as long as you meet their other requirements, some lenders or lending partners in our network may be able to offer you a loan even if you don’t have perfect credit. Click the link below. https://lnkd.in/dDQw4GFN

At Bad Credit Loans, we understand that there are emergencies no one can plan for, and we aren’t limited to helping only consumers with perfect credit. Sometimes a run of bad luck comes up through no fault of your own. However, as long as you meet their other requirements, some lenders or lending partners in our network may be able to offer you a loan even if you don’t have perfect credit. Click the link below. https://lnkd.in/dbeWTcnN

Why did your credit score drop? ❌ You missed a payment. A single missed payment can cause your score to drop. ❌ You've had too many recent credit checks. Applying for multiple lines of credit tells lenders you may not be paying off your debts. ❌ You maxed out a credit card. The higher your credit card balance is compared to your credit limit will lower your score. ❌ You closed an old line of credit. Lenders like to see long history, so closing out your oldest credit card could shorten your length of credit history. A few more reasons could be: - A debt was sent to collections. - You co-signed on a loan. - Or, you could have mistakes on your credit report. So what can you do about it? https://lnkd.in/dbu-8HsD #communitybank #creditrepair #creditscore #creditrestoration #financialfreedom #badcredit #credittips #fixyourcredit #banklocal

🫡🏆‼️Access to Loans and Credit Cards One of the most obvious reasons for maintaining good credit is its impact on your ability to borrow money. Lenders use your credit score to assess the risk of lending to you. A high credit score signals to lenders that you're a reliable borrower, making it easier to qualify for loans with favorable terms, such as lower interest rates and higher credit limits. Whether you're buying a car, purchasing a home, or financing your education, having good credit can save you thousands of dollars in interest payments over time. #credit #creditrepair #creditrestoration ##credithelp

It is obvious to digital lenders that even with all the usual measures in place to help mitigate some of the risk that comes with lending online, there are some situations that are completely out of our control," he said. Some of such issues include identity theft and serial borrowers moving from one lender to another, using various tactics to circumvent the automated repayment and collection process. These have become major challenges to lenders. Lenders have also observed that various platforms and groups on social media setup to give tips on ways to avoid repayment of loans to digital lenders operating in Nigeria. "There have to be consequences for these acts in addition to being disqualified from getting loans in future. "We need the intervention of government to improve the access to the courts including the small claims courts to secure judgements for the process of debt collections. Licensed Digital Lenders can also be given access to the Global Standing Instruction (GSI) introduced by Central Bank of Nigeria to reduce Non Performing Loans in the banking system and place consistent loan defaulters on a watch list. There is a need for a robust regulatory framework to address the various challenges in the industry. #Fccpc #Loanapps #DigitalMoneylenders #KwikPayCredit #Finance #Loans

How to avoid paying interest 💳 AND build credit scores at the same time. #creditscores #buildcreditscores #buildcredit #creditcards #creditcard #avoidinterest #buildcredit

https://lnkd.in/eQJ3NkdZ Avoid individual loans which involve "expensive" terms such as balloon payments.|This is quick cash, they have interest that you have to return on your next income ### END blogContent ###### START socialContent ### Avoid individual loans which involve "expensive" terms such as balloon payments.} Needed files are gathered, the last choice is a matter of a day or 2. While they make actions to lessen the threats by confirming the ability of the borrower to repay the loan, they do give loans to bad credit customers, as they make most cash from sub-prime loaning portfolios, since bad credit individual loans have higher interest rates and charges. In addition, you ought to prepare for longer application processing times compared to prime loan applications, as lenders will need to confirm your monetary stability

Your payment history plays a big part in your credit score. This is because lenders generally see someone who pays bills on time as less risky than somebody who does not. Credit reports list all of your accounts and how you pay each one (for instance, whether or not you paid on time and how late you were if your payment was delayed). Your credit reports give lenders a way to determine whether or not they should lend money to you. It's sort of like if you had a friend who constantly asks to borrow money but is known for paying back late–or never paying back, this would make you more hesitant to lend money as a result. The same goes for your potential lenders when they look at your payment record. #creditrecord #creditbureau #creditscore

Taking on your first EMI can feel overwhelming, but understanding its components makes it easier. 🔸 Processing Fees: A one-time fee charged by the lender to process your loan application. This fee is typically a small percentage of the loan amount. 🔸 Convenience Fees: These are small additional charges for handling and managing the loan services. 🔸 CTR Fees: Cost for your CIBIL TransUnion report, which checks your credit score and history to assess your creditworthiness. By knowing what each component means, you can plan your finances better and ensure there are no surprises. Your first EMI is a big step, and breaking it down helps you stay in control and confident. Ready to manage your first EMI like a pro? You've got this! #EMI #PersonalFinance #FinancialLiteracy #LoanManagement #CreditScore #KnowYour1stEMI #BajajFinserv