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Student loans are a hot topic in our economy (especially during an election year). In this episode, Dan Parks with Yrefy, LLC provides some insights into options student borrowers have for refinancing their loans and helps me understand his passion for helping students. #receivables #studentloans #debtcollection #financialliteracy

Like most other credit unions, $146 million Abbey Credit Union Inc generates revenue from its loan activity. Faster or slower time to approve a loan can mean the difference between revenue gained or lost. Here's how the credit union's loan committee sped up the process by using a digital voting tool—the same OnBoard tool used by $19 billion Alliant Credit Union to connect its 11-member board and committees—to spend less time in meetings and handling paperwork, leaving more time to generate new business. https://hubs.la/Q0297bMj0 #CreditUnions #lending #loans #LoanApproval #BoardPortal #DigitalVoting #eVote #DigitalTransformation

Codat's latest research indicates that cases of loan shopping and loan stacking are more prevalent than you may think 📈 For example, of the businesses that have taken out credit, we found that: 63% applied to multiple lenders when seeking a business loan 52% have held several loans at the same time 35% have held multiple loans from different providers at the same time 47% have taken out numerous loans in the same year This poses a challenge for lenders looking to understand a business's financial situation. Thankfully, Codat offers a solution. Click the link in the comments to learn more about the obstacles lenders face in assessing loan capacity, how this challenge is evolving, and our streamlined solution: Codat's Loan Report feature. #LoanStacking #BusinessFinance #Lending

How else will you find $300+ a month in savings for your users?! Payitoff’s embedded debt guidance solution can help your customers save money on their federal student loan payments. Integrate our solution seamlessly into your app and watch as your users’ financial health increases. Let’s start the discussion: https://hubs.ly/Q02BlFbx0 #fintech #savings #studentloans #debtguidance #financialwellness

⚪ Rounding out the week with another awesome borrower outcome from the past week. ⚪ This week one borrower achieved savings of more than $92,413 on their federal student loan debt using Payitoff via a partner! 💰 Their monthly payment reduced from $733 to ZERO! 💭 Banks, FIs and financial wellness organizations, you can improve your business outcomes by empowering your customers with intelligent, automated, debt guidance solutions from Payitoff... 💬 Talk to us to find out more about how you could provide 𝐭𝐫𝐮𝐥𝐲 𝐚𝐜𝐭𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐠𝐮𝐢𝐝𝐚𝐧𝐜𝐞 to your customer to improve customer engagement, increase loyalty and provide increased opportunities for outcome amplification. https://hubs.ly/Q02H69yj0 #banktech #customerexperience #federalstudentloans #financialwellness #debtguidance 👀 Borrower savings of $323* on average per month. *Represents actual average savings of borrowers who linked their account with Payitoff and qualified for a federal repayment plan. The sample is based on an aggregated set of data representing over $1.5 billion in loan volume across 215,000+ loans on the Payitoff platform

📈 Small business owners are optimistic despite ongoing lending challenges in 2024, as highlighted in ASBN Small Business Network's recent article. Tightening credit access and higher interest rates pose hurdles, but entrepreneurs remain hopeful for a robust year ahead. 💼 At Loanspark, we understand the struggles faced by small businesses. Our tailored lending solutions provide the support needed to navigate economic uncertainties and fuel growth aspirations. Let's overcome challenges together and pave the way for a brighter future. Read more in ASBN's article, "Small Business Owners Hopeful as Lending Challenges Persist." 🌟 Partner with Loanspark today to empower small businesses on their journey to success. Book a call now >> https://lnkd.in/g6RjiHiB https://lnkd.in/epYyT-Qd #SmallBusiness #EconomicRecovery #Loanspark #ASBN

The Scanner: CFPB Issues Guidance to CRAs to Address Inaccurate Background Check Reports and Sloppy Credit File Sharing Practices and Sharpens Focus on Servicers as Student Loan Repayments Return, Credit Bureau Sued for Failure to Assure Maximum Possible Accuracy on Forgiven Student Debt, Senate Fails to Override Veto on CFPB Small Business Lending Rule (1071), and more top headlines from this week Catch up on all of the top news from this week: https://hubs.la/Q02gbfQL0 READER NOTE: If you find this of value, please like, comment, or repost it to your network. #banks #consumerlending #compliance #creditrisk #creditreporting #cfpb #fintech #news #industryupdates #TheScanner

🚀 Dive into Part 3 of our Atlendis Protocol Educational Series! Uncover the game-changing Rollover Functionality in Atlendis RCL loans, offering borrowers flexibility and continuous interest for lenders. 🔗 Read more: https://lnkd.in/e6We79zy

Our software program is an innovative software program that acts like a financial GPS, guiding users to more efficient management of their debts. It analyzes your finances and provides personalized strategies for paying down debts like credit cards, mortgages, and student loans more quickly and with less interest paid over time. With an adjustable dashboard, you can update changes in your life to keep your financial strategy on track without significant lifestyle changes, refinancing, or consolidation. It helps you make informed decisions, showing the impact on interest savings and time to debt freedom for each financial move you make. #FinancialFreedom #ShopFinancial #Workfromhome

The U.S. Small Business Administration just launched the next generation of the Lender Match platform, aiming to streamline access to capital for small businesses.   Here's what you need to know:   Enhanced user interface: The new mobile-first design ensures better access and usability, allowing borrowers to easily view and compare matched lenders in one place. Streamlined process: The platform verifies borrowers and screens for fraud, simplifying the process for both lenders and borrowers. Expanded connections: Small businesses not matched with lenders will be connected to the SBA's network of free advisors to help them become capital-ready.   Read the SBA’s Full Press Release here: https://lnkd.in/gPzerC2s   This enhanced platform marks a significant step towards leveling the playing field for underserved entrepreneurs.   #SBA #LenderMatch #SmallBusinesses #LendersCooperative