Sentences with phrase «provided verification of the debt»

Not exact matches

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Once this letter has been received, the debt collector is required to provide you with a written verification regarding the details of your student loan debt.

Once you dispute a debt in writing, the collection agency must stop contacting you until it provides written verification of the debt.

(1) the amount of the debt; (2) the name of the creditor to whom the debt is owed; (3) a statement that unless the consumer, within thirty days after receipt of the notice, disputes the validity of the debt, or any portion thereof, the debt will be assumed to be valid by the debt collector; (4) a statement that if the consumer notifies the debt collector in writing within the thirty - day period that the debt, or any portion thereof, is disputed, the debt collector will obtain verification of the debt or a copy of a judgment against the consumer and a copy of such verification or judgment will be mailed to the consumer by the debt collector; and (5) a statement that, upon the consumer's written request within the thirty - day period, the debt collector will provide the consumer with the name and address of the original creditor, if different from the current creditor.

If a creditor fails to provide written verification of your debt, they can not collect money from you.

When you dispute an item, the credit bureau investigates with the creditor and requires the creditor to provide some sort of verification of the debt.

If the credit card company doesn't provide the credit reporting agencies with verification and evidence of the debt and its validity, within 30 - days, the negative marks will come off your credit report.

If the debt collector does not provide verification information on the first communication with you, he must send written notice with that information within five days of the initial contact.

However, if it does make a difference, we can ignore the monthly payment of the co-signed debt if you can provide verification that the other person responsible for the debt has made the required payments by obtaining copies of their cancelled checks for the last twelve months.

As a Preferred Partner, Credit Plus will provide Lenders One ® members with an extensive range of third - party verification services including tri-merge credit reports, scoring tools, undisclosed debt verifications, employment verifications, FraudPlus and more.

Undisclosed Debt Verifications from all three bureaus, provide lenders with the information they need to help ensure they are in compliance with GSE requirements,» said Greg Holmes, National Director of Sales and Marketing at Credit Plus.

Typically, you will need to come up with a down payment of at least 10 percent to 20 percent, meet credit standards and debt - to - income requirements, and provide documents for income and asset verification.

Mortgage loans are subject to qualification, receipt of satisfactory appraisal, and verification of income, asset and debt information provided by the customer.