I Declare Bankruptcy!
Bankruptcy specialist.
Who are Claudia and Donna
Cancellation fee
Recovery fee
Milage fee
Flatbed fee
What are repo fees?
A point when a mortgage specialist denies a mortgage payment.
What is a foreclosure?
A notification to inform that past due balance will be drafted from share/checking account upon expiration date of notice if no response.
What is the lower-case share withdrawal letter?
6% rate for qualified military personnel.
What is SCRA rate?
Liquidation of assets and allows you to dispose of unsecured debt.
What is Chapter 7 Bankruptcy?
Member has made us aware they no longer can afford/want the auto and will leave auto at a branch.
What is a voluntary surrender?
Portion of the mortgage payment to pay taxes and insurance.
What is escrow?
A notice that the account(s) will be accelerated, whether charge off or legal charge off.
What is notice of Acceleration?
Notice that gives us a deadline to remove our collateral or we lose our lien.
What is a tow letter?
Member completed the bankruptcy.
What is discharge?
Action taken when we get an SCRA hit on the website and member is now enrolled in military.
What is a writ of sequestration/court order?
Speed access 1412= partial payment.
What is unapplied?
Texas, New Mexico, Oklahoma and Arkansas.
What are the demand states?
The general increase in the prices of goods and services.
What is inflation?
In order for the Credit Union to be fully secured a debtor must have purchased the auto this many days prior to filing for Chapter 13 bankruptcy.
What is the 910 rule?
Letter sent to dealerships on refunds for indirect loans only.
What is a product cancellation letter?
This may change the mortgage payment come February 1st.
What is the yearly escrow analysis?
West Virgina, Maryland, Maine, Wisconsin, Colorado, Iowa, Kansas, South Carolina, Massachusetts, Missouri, Nebraska.
What are right to cure states?
A predictive risk tool that lenders use to determine the level of repayment risk.
What is credit score?
An agreement between member under BK and creditor that debtor will continue with debt owed even though member has filed BK.
What is a reaffirmation agreement?
Police report, Security agreement, loan application, payment history.
What documents are needed for a CPI theft claim?
GECU becomes the servicing company for mortgage loans that are sold to the government.
What are Fannie Mae and Freddie Mac loans?
Notification sent to member at day 11 and 20.
When are text messages sent?
Where to set up an appointment for a budget analysis.
What is Community Development Referral Form?