Operating a consumer finance company in normal times is no simple process—in the on-going pandemic, it is even tougher.
This may be a good time to step back a minute to examine the most common mistakes that we see made by finance companies. I offer the following for your consideration:
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Bankruptcy is always a hot topic among consumer creditors. After all, it is the “necessary evil,” which all lenders learn to address—sooner or later. I want to take a moment to address the aspect of bankruptcy being used as a sword and not a shield as it was intended by Congress.
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