The Problem Loans market is a segment of the Credit and Loans industry that focuses on loans that are in default or at risk of default. These loans are typically characterized by a borrower's inability to make payments on time, or by a lender's inability to collect payments. Problem loans can be caused by a variety of factors, such as a borrower's financial hardship, a lender's mismanagement of the loan, or a combination of both. Problem loans can have a negative impact on a lender's balance sheet, as they can lead to losses and impairments.
In order to manage problem loans, lenders may employ a variety of strategies, such as restructuring the loan, selling the loan to a third party, or writing off the loan. In some cases, lenders may also pursue legal action against the borrower.
Some companies in the Problem Loans market include Experian, Equifax, TransUnion, and FICO. Show Less Read more
