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Credit Loss

All articles tagged with #credit loss

Community College Transfers: A Time-Wasting Endeavor?

Originally Published 2 years ago — by Detroit News

Featured image for Community College Transfers: A Time-Wasting Endeavor?
Source: Detroit News

The transfer process from community college to university can be a maze so confusing it derails students' college plans. Credit loss, when students take classes that never end up counting toward a degree, is one of the biggest obstacles. Sometimes it's a result of poor advising, while other times blame can lie with four-year colleges, which have varying rules for evaluating transfer credits. Ultimately, roughly half of community college students drop out. Some states have intervened to take subjectivity out of the process, but problems remain frustratingly common.

Harley-Davidson's Repo Worker Shortage Contributes to $52.6 Million Credit Loss in 2023.

Originally Published 2 years ago — by Jalopnik

Featured image for Harley-Davidson's Repo Worker Shortage Contributes to $52.6 Million Credit Loss in 2023.
Source: Jalopnik

Harley-Davidson suffered a credit loss of $52.6 million in Q1 2023 due to loan delinquencies, with many customers not paying for their financed bikes. The company blames a shortage of repo men for the problem, as many left the industry during the pandemic and have yet to return. Harley-Davidson plans to take a more active role in addressing delinquent accounts and enhancing its repo strategy until more workers are hired.