| PIC Solutions HealthCheck Maximises Nedbank’s Collections Strategies
During this assignment, PIC Solutions experienced consultants will conduct a HealthCheck on the Banks current collections environment to ensure that existing provisioning and collections policies are aligned with their new strategies. In addition, this assignment will determine any new areas for development; leading to improved business results, best practice benchmarking and revised monitoring procedures. Stuart Parvess, Head of Collections and Recoveries at Nedbank, comments, We are committed to effectively managing our delinquent accounts to minimise bad losses and also maintain the high customer service our customers expect from Nedbank. PIC Solutions understands the various factors impacting our collections environment and this HealthCheck aims to determine if we are meeting these objectives and confirm that our strategies are aligned with collections best practices.
Liberty Trust Mortgage Expands Operations In Middle Tennessee
BRENTWOOD, Tenn., March 22 /PRNewswire/ -- Grant Martin, President of Liberty Trust Mortgage of Brentwood, TN, announced today the expansion of operations with the launch of Emanon Mortgage in Goodlettsville, TN. Shaun Lyons, President of Emanon Mortgage, said, "I've been in the mortgage business for 10 years and have seen the emergence of brokers who leverage technology with principle-based relationships. Grant Martin has applied the same model and we're very happy to be a partner with Liberty Trust Mortgage." Liberty Trust Mortgage combined with Emanon Mortgage will process .
Use equity for friend with credit-card debt? Be careful
My friend has several credit-card accounts totaling more than $35,000 in debt. My friend has a steady, well-paying job. But the debt-to-income ratio is too high for the banks, so a personal loan could not be approved and tapping into home equity is out of the question. I have considered using my home-equity line of credit to help, but am very concerned about putting myself into that situation. It's a close friend, but someone whom I have known only for a couple of years. I'm also concerned about how this might appear to family and other friends. I do trust my friend and I want very much to help. I am looking for advice that will really help my friend and still keep me in a financially good position. _ Dan Dear Dan, Your intuition was right on when you became concerned about risking your home and financial well-being to help a close friend.
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