CreditManagement

Intrum Reaches New Milestone in Debt Restructuring with Holdout Noteholders

7 days ago

In a significant move towards financial stability, Intrum, a prominent European credit management company, has successfully negotiated a restructuring agreement with its remaining noteholders. This deal marks a crucial step in Intrum's efforts to address its financial obligations and streamline its capital structure amidst challenging market dynamics.

Sweden's Intrum Pursues U.S. Bankruptcy to Finalize Major Restructuring

1 month ago

In a significant move aimed at stabilizing its operations, Sweden-based debt collection giant Intrum has filed for bankruptcy protection in the United States. This strategic decision comes as part of the company's broader restructuring efforts to enhance financial stability and streamline its debt management processes. The filing was submitted in a U.S. court on November 15, 2024, signaling the company's commitment to reorganization amid challenging market conditions.

US Average FICO Score Remains Stable After First Drop in a Decade

2 months ago

The average FICO score of Americans has shown remarkable resilience, holding steady at 714, according to the latest data released. This stability comes on the heels of the first decline in scores in ten years, which was reported earlier in the year. FICO scores are crucial as they significantly influence the borrowing power of individuals, affecting everything from home mortgages to credit card applications.