One potential concern for LendingClub and other lenders is rising net charge-offs for uncollectible loans, which could potentially signal increasing stress for its borrowers. Charge-offs across the ...
Agency officials said they have already accounted for the $67 million in uncollectible fees and penalties, and the annual budget would not suffer from the 10-figure revenue hit. “This cleanup is ...
If a creditor has a bad debt on the books, it becomes uncollectible and is recorded as a charge-off. Bad debt is a contingency that must be accounted for by all businesses that extend credit to ...