Repossessions are an unavoidable aspect to auto lending and the most dangerous and litigious action any lender undertakes. Second to that, Notice of Intent Letters are probably the most delicate and litigious document any lender sends. Hardly a year goes by without someone being hit with a lawsuit over Notice of Intent Letters. One Missouri credit union is the most recent and unfortunate victim to this fact.
Credit Union agrees to pay $4.6M over Notice of Intent Letters – FDCPA – Credit Union Collections – Credit Union Collectors
More Stories
Credit Union Promoted Employee Despite Fraud Warnings — Then Collapsed Under $3.5 Million in Losses
The New Normal? Auto Loan Delinquencies May Have Found Their Floor
When the Auto Loan Outlives the Car
Nearly One in Five American Families Fell Behind on Debt Payments
STUPID STUFF FRAUDSTERS BUY: Gotta Fraud ’Em All!
The Weak Links: One Loan, Many Points of Attack