Results for tag: "Non Performing Loan"

Non-performing loans (NPLs) are loans that have been in default for a certain period of time and are unlikely to be repaid in full. They are a form of credit risk, and can be found in both consumer and commercial loan portfolios. NPLs are typically sold by banks and other financial institutions to third-party investors, who then attempt to recover the debt. This process is known as loan servicing. NPLs can be a source of financial distress for lenders, as they can lead to losses in the form of write-offs and impairments. As such, lenders must take steps to mitigate the risk of NPLs, such as through credit scoring and loan monitoring. The NPL market is a growing industry, with a variety of companies offering services such as loan servicing, debt collection, and asset management. Examples of companies in the NPL market include LoanCare, LoanLogics, and LoanServ. Show Less Read more