Troutman Sanders

APRIL 27, 2023

Noting a rise in credit card delinquencies, the Consumer Financial Protection Bureau (CFPB or Bureau) released a new blog post analyzing civil judgments, the final recourse for creditors to collect on unsecured debt. Specifically, the CFPB reports that civil judgments are: Almost twice as common as bankruptcies.

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Garnishment Unsecured Debt Bankruptcy Judgment 52

Sawin & Shea

MARCH 9, 2022

When facing bankruptcy, many wonder how much debt is needed to file bankruptcy. There is no minimum amount of debt you need in order to file for bankruptcy, but there are other critical factors you need to take into consideration before filing under Chapter 7 or Chapter 13. Should I File for Bankruptcy?

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Sawin & Shea

MAY 19, 2021

If you are thinking of filing for Chapter 7 or Chapter 13 bankruptcy, or if you have already filed, you may be concerned about how long the bankruptcy will stay on your credit report. There is a simple answer to this: It will stay on for ten years if you filed Chapter 7 bankruptcy and seven years if you filed Chapter 13.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Student loans 98

Sawin & Shea

SEPTEMBER 6, 2023

People file for bankruptcy for any number of reasons, from job loss to unpaid medical bills to an unaffordable mortgage. If you’re considering filing for bankruptcy, you’re not alone; roughly 375,000 people filed for bankruptcy in 2022, and home foreclosure filings rose 115% in 2022 over the number of foreclosures in 2021.

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Foreclosure Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy 52

Better Credit Blog

APRIL 11, 2022

If you’re wondering how to get out of debt, you’re not alone. In 2021, the national household debt balance reached $14.96 Since more Americans are under pressure to resolve their debt, we’ve outlined several strategies that reduce or eliminate this financial liability. What is Debt? How Debt Can Impact Your Life.

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Sawin & Shea

APRIL 5, 2023

Filing for Chapter 7 or Chapter 13 bankruptcy is sometimes the best solution for those struggling with overwhelming debt. It offers a fresh start and the opportunity to reorganize finances, discharge certain debts, and regain financial stability. Can You File Bankruptcy on Child Support?

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Credit Card Debt 52

Better Credit Blog

JUNE 1, 2022

Getting loans, credit cards and other types of credit can be difficult for borrowers without a good credit history, queue, a credit builder loan. What Is A Credit Builder Loan. How Credit Builder Loans Work. Credit builder accounts work like this: It’s a small loan that as you pay to yourself.

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Loans Credit Unions Credit Unions Lender 95

Better Credit Blog

APRIL 1, 2022

It’s smart to know how to remove negative items from your credit report, especially if you are soon to be applying for a mortgage or car loan. In fact, you can remove something from your credit history before seven years pass. Here’s How To Remove Negative Items From Your Credit Report. Submit A Credit Dispute Letter.

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Better Credit Blog

MAY 4, 2022

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. There are several ways to consolidate debts.

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Albuquerque Law

FEBRUARY 3, 2021

In today’s world, it is not difficult for debt to spiral and become a major dilemma. Perhaps you can make the minimum payments on your credit card and other pressing loans, but debt can still pile up quickly and become unmanageable. Many people in this situation worry about whether they can still file bankruptcy.

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Fico Collections

MAY 19, 2023

In total, Prosper extended more than USD $225M in credit access to these consumers. Prosper also proactively mitigates credit risk and meets the increasing credit demand for creditworthy customers based on their monthly updated FICO® Scores. Millions of consumers in the U.S. Millions of consumers in the U.S.

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Better Credit Blog

JANUARY 11, 2022

Feeling crushed by debt is one of the most stressful situations possible, but there are options. If you find yourself saddled with more debt than you can reasonably pay off in a timely manner, you can always file for bankruptcy. Ad See how much you could save by consolidating your debt! About Bankruptcy.

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Sawin & Shea

DECEMBER 8, 2021

Bankruptcy is often a valuable tool for overcoming debts, but it’s not for everyone. The number of individuals filing for bankruptcy has decreased in the last 20 years, but the number of older individuals declaring bankruptcy has increased. One in seven people filing for bankruptcy is older than 65.

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Debt Free Colorado

JANUARY 10, 2022

When someone finds themselves in financial distress, they may consider filing for bankruptcy. But just like choosing a doctor or an in-law, not all forms of bankruptcy are the same and selecting the wrong one can wind up doing more harm than good. . Which type of bankruptcy should you take? Bankruptcy Defined.

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Taurus Collect

SEPTEMBER 18, 2023

When it comes to managing international collections, one key aspect that often stands as a challenge for businesses is international credit checking. In this blog post, we will delve into the significance of international credit checking, its intricacies, and how it can be seamlessly integrated into your collections management strategy.

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Collections Bankruptcy Creditworthiness Debtor 52

True Accord

JANUARY 10, 2024

Read on for our take on what’s impacting consumer finances and our industry, how consumers are reacting, and why employing digital strategies to boost engagement is more important than ever for debt collection in 2024 and beyond. The good news is that things are looking up, and so are consumer sentiments on their financial outlook.

Student loans 58

Student loans Student Loans Loans Banks 58

Sawin & Shea

SEPTEMBER 15, 2021

If you are not still receiving payments, you can send a check, or use a debit card, credit card, or your bank account. In addition, the SSA will report the delinquency to credit bureaus. Old Age and Survivors Insurance (OASI) provides benefits to qualified workers and their family members. Your marital status has changed.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

The Kaplan Group

JUNE 23, 2020

Normally on this blog we give advice to our clients and creditors who are owed money. If you or someone you know is struggling with their personal financial situation, we recently published blogs for dealing with collection agencies and lower credit card limits. DO consider all your debts and obligations.

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Credit Counselor Bankruptcy Creditors Debtor 59

Sawin & Shea

SEPTEMBER 15, 2021

If you are not still receiving payments, you can send a check, or use a debit card, credit card, or your bank account. In addition, the SSA will report the delinquency to credit bureaus. Old Age and Survivors Insurance (OASI) provides benefits to qualified workers and their family members. Your marital status has changed.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Albuquerque Law

FEBRUARY 3, 2021

In today’s world, it is not difficult for debt to spiral and become a major dilemma. Perhaps you can make the minimum payments on your credit card and other pressing loans, but debt can still pile up quickly and become unmanageable. Many people in this situation worry about whether they can still file bankruptcy.

Bankruptcy 40

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Loans 40

Albuquerque Law

APRIL 27, 2020

In a recent blog post, we discussed the potential dangers of credit card debt. This report also found that the total credit card debt in the United States reached an all-time high at the end of 2019. But why is it that credit cards carry such a high risk of debt?

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Chapter 13 bankruptcy Credit Card Debt Bankruptcy 40

Better Credit Blog

JANUARY 20, 2022

In this review of Freedom Debt Relief, we’ll explain how the company can help if you’re struggling with unpaid bills. If you sign up to Freedom Debt Relief’s program, an advisor from the company will: Offer you a free financial evaluation as the first step. Negotiate with your creditors to reach settlements and reduce your total debt.

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Creditors Credit Card Debt Unsecured Debt Debt settlement 76

Better Credit Blog

DECEMBER 31, 2020

Have a hard inquiry on your credit report from Comenity Bank/VCTRSSEC? If so, you may be wondering how it got there and what it means for your credit score. A hard inquiry is simply a way for a lender to check your credit reports before approving your application. Comenity Bank/VCTRSSEC On My Credit Report. Birthday gift.

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Banks Retail Lender Repossession 89

Better Credit Blog

FEBRUARY 11, 2022

Can reduce your debt by 30% on average. Rated the best debt relief company on Trustpilot. A Guide to Debt Settlement Services. If you’re on the brink of bankruptcy, a final option before filing is to try the services of a debt settlement firm. About National Debt Relief. Key Takeaways.

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Better Credit Blog

AUGUST 19, 2020

Your credit report is like a report card for your credit history. If you receive a public judgment from a court regarding one of your debts, you can end up with an entry on your credit report. These entries are extraordinarily difficult to get rid of, and they can remain on your credit report for up to seven years.

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Foreclosure Bankruptcy Judgment Banks 52

Better Credit Blog

NOVEMBER 17, 2020

Finding BRCLYSBANKDE on your credit report can lead to a lot of questions. It can show up on your report as a hard inquiry when you apply for a credit card or a loan from a popular bank. What Is Barclays Bank Delaware On My Credit Report? Some of Barclays’ credit card partners include: American Airlines.

Personal loans 75

Personal loans Loans Banks Foreclosure 75

Better Credit Blog

OCTOBER 16, 2020

Have a collections entry from Asset Acceptance LLC on your credit report? If Asset Acceptance is on your credit report, it’s probably because you forgot about a bill. The longer you ignore their calls and letters, the more damage your credit could face. Credit card debt. Retail debt. Utility bills.

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Better Credit Blog

NOVEMBER 18, 2021

Credit has become integral to how the world works. We use it in our daily lives in many forms, including mortgages, car loans, and credit cards. The amount you can access depends on your credit report and your credit score. Credit Scores. The Lowest and Highest Credit Scores You Could Get.

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Better Credit Blog

MAY 10, 2022

Is there one very best credit card somewhere out there? There certainly are a lot of very good cards, but it’s virtually impossible to pinpoint which one is the best. The credit card industry has seriously evolved in the past couple of decades. Table of Contents: Balance Transfer Credit Cards.

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Auto Insurance Banks Debt Consolidation Credit Unions 65

Better Credit Blog

AUGUST 4, 2020

Applying for a credit card can open you up to some rewarding financial benefits, but it might also have a negative effect on your credit score. If the name FNB Omaha has appeared on your credit report recently, it’s likely because you submitted an application for a credit card with the First National Bank of Omaha.

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Banks Lender Loans Student loans 52

Better Credit Blog

DECEMBER 2, 2020

When you apply for a Banana Republic credit card or get added as an authorized user on someone else’s account, it could lead to a hard inquiry. This type of entry can lower your score, particularly if you have several hard credit checks on your report. Banana Republic SYNCB On My Credit Report. Soft Inquiries.

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Better Credit Blog

DECEMBER 2, 2020

When you apply for a Banana Republic credit card or get added as an authorized user on someone else’s account, it could lead to a hard inquiry. This type of entry can lower your score, particularly if you have several hard credit checks on your report. Banana Republic SYNCB On My Credit Report. Soft Inquiries.

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Lender Repossession Loans Foreclosure 52

Better Credit Blog

MAY 12, 2022

In my recent experience, it’s not hard to remove judgments from your credit report as long as you follow the proper steps. Many readers assume it’s impossible to have the credit bureaus remove civil judgments because they involve the court system. It’s still possible you could see a judgment pulling down your credit score.

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Judgment Creditors Debt collector Collection Agencies 71

Better Credit Blog

AUGUST 7, 2020

A lot of things can impact your credit score, from your payment history to the amount of available credit you use. Another action that influences your score is applying for a line of credit. Fortunately, it’s possible to get a hard inquiry removed from your credit report, using the tips below. What Is SYNCB?

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Retail Lender Debt collector Banks 52

Better Credit Blog

AUGUST 21, 2020

Wondering if your credit score is up to snuff? If you have a 620 credit score, you aren’t alone. While a 620 credit score could use some improvement if you’re looking for guaranteed approval with competitive rates, it does fall into the “fair” range. Is 620 a Good Credit Score? How To Improve a 620 Credit Score.

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Personal loans Loans Lender Debt Consolidation 59

Better Credit Blog

APRIL 6, 2022

If you’re ready to tackle improving your credit, a credit repair service can help save you time, energy, and a whole lot of hassle. Credit repair companies challenge items on your credit report that are inaccurate, incomplete, or unverifiable. That’s why we recommend going with a credit repair service.

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Better Credit Blog

JANUARY 21, 2021

Wondering why GECRB is on your credit report? Several factors can influence your credit score, such as your credit utilization and payment history. One action that lowers your score is getting a new credit card. GECRB On My Credit Report. How Does a GECRB Hard Inquiry Affect Your Credit Report?

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