Sawin & Shea

MARCH 13, 2024

If you’re considering bankruptcy, you may wonder which filing type is right for you. The two basic types of bankruptcy classifications for individuals and families are Chapter 7 and Chapter 13. Have additional questions regarding bankruptcy or reaffirming secured debts? Who Is Eligible for Chapter 7 Bankruptcy?

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Sawin & Shea

JULY 19, 2023

If you find yourself in an untenable financial situation, bankruptcy may be your best option. Chapter 7 bankruptcy , or liquidation bankruptcy, allows you to discharge all or most of your debt. Chapter 7 bankruptcy also stops lawsuits and wage garnishments. Will My Employer Find Out About My Bankruptcy Filing?

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Debt Free Colorado

MARCH 10, 2023

Learn about the Five Bankruptcy Myths in Littleton, Colorado Due to worries stoked by myths and misconceptions about bankruptcy, many people choose not to obtain debt relief. Truth be told, declaring bankruptcy may be one of the best decisions you’ve ever made for your present, future, and family.

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Debt Free Colorado

MARCH 3, 2023

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. The decision to file for bankruptcy is a significant one, and we are here to assist you in determining whether bankruptcy is the best course of action for your circumstances. Do bankruptcies come in different types?

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Sawin & Shea

SEPTEMBER 14, 2022

When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt. Your consumer and non-consumer debts impact your ability to file Chapter 7 bankruptcy, and your debt types also determine what’s protected by an automatic stay when filing Chapter 13 bankruptcy.

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Titan Consulting

AUGUST 23, 2020

Bankruptcy will destroy your credit and remain on your credit report for up to 10 years. You must qualify to file for bankruptcy, and your income must meet an income means test. When government assistance is not providing enough income to cover job losses, should you file for bankruptcy or hold out for the economic recovery?

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Credit Corp

APRIL 26, 2024

A 1099-c cancellation of debt form is issued when a lender forgives or cancels a debt. A property is foreclosed or repossessed. The IRS provides a list of exclusions, which include debts that were forgiven because you were insolvent or involved in certain types of bankruptcies. Bankruptcy Title 11 B. By agreement G.

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Sawin & Shea

NOVEMBER 15, 2023

If you’re struggling with financial hardship, filing for bankruptcy can be an effective way to get back on your feet. But filing for bankruptcy in Indiana doesn’t mean every outstanding debt you’ve ever incurred gets wiped away. Declaring bankruptcy will discharge most types of debt but not others. What do we mean by this?

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Jimerson Firm

NOVEMBER 11, 2020

Site visits allow lenders and CDCs to gain a first-hand impression of the borrower’s business operations, evaluate risks, and inventory the collateral. Frequent site visits help lenders and CDCs make prudent lending decisions by keeping them up-to-date with the condition of the collateral and the borrower’s business operations.

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Sawin & Shea

JUNE 7, 2023

If you have a co-signer associated with your debt or if you are a co-signer, you need to be aware of how financial liability works and what happens when the primary debtor declares bankruptcy. Fortunately, in this blog, we’ll unpack cosigner responsibilities when it comes to bankruptcy and debt.

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Better Credit Blog

APRIL 1, 2022

Whatever you’re dealing with, late payments, collections, charge-offs, or foreclosures, the following techniques can clean up your credit quickly. This would be money well spent if it restored your good standing with lenders in time to secure a loan with low-interest rates. You may spend $400 to $500. Ads by Money.

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Debt Free Colorado

APRIL 9, 2020

Many creditors such as mortgage servicers, auto lenders, and credit card companies are offering assistance to individuals financially affected by the pandemic. Unlike mortgage lenders, most landlords are simply not in a financial position to weather the loss of rental income due to the high expenses associated with the rental property itself.

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Credit Corp

SEPTEMBER 12, 2023

Like lenders, landlords check your credit to see if you can pay your bills on time. Payment history: Credit reports show your history of payments to lenders. If you miss enough payments for lenders to transfer your account to a collection agency or sell it to a debt buyer, it becomes a collections account.

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Credit Corp

AUGUST 23, 2021

This code can mean two different things: You don’t have enough accounts for lenders or credit scoring models to effectively gauge your risk as a borrower. Even if you’ve paid your bills on time, if you only have one credit card that’s been open three months, that’s not enough information for many lenders.

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Titan Consulting

APRIL 26, 2020

Suspending rent payments die to COVID-19 may put you at risk for foreclosure if you can’t make up your deferred payments all at once. Deferring your auto payments may put you at risk for repossession if your lender requires you to catchup and make all deferred payments at the end of the deferral period.

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Better Credit Blog

JANUARY 29, 2021

Credit applications result in hard inquiries, which allow lenders to access your credit reports. Microbilt is a third-party credit report provider that helps lenders assess how risky prospective borrowers are. They occur when you apply for credit, and they allow lenders access to all the data in your credit reports. Charge offs.

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Better Credit Blog

DECEMBER 31, 2020

A hard inquiry is simply a way for a lender to check your credit reports before approving your application. A hard credit check lets the lender see your full credit report, which can give them insight into your history as a borrower. Bankruptcy. Foreclosures. Repossessions. Late payment history.

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Better Credit Blog

AUGUST 7, 2020

Synchrony offers several financial products, from CDs, MMAs, and IRAs to credit cards and loans through partnerships with other lenders. As long as a hard inquiry is on your credit profile, it can drop your score and hurt your chances of getting approved when you apply with lenders in the future. Foreclosure. American Eagle.

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Better Credit Blog

DECEMBER 2, 2020

Lenders access your entire credit report from Experian, Equifax, TransUnion, or all three bureaus. Your credit report gives lenders a better idea of your previous credit use to help them decide if you’re a reliable borrower. Even more, they can assist you with challenging credit problems like: Bankruptcy. Foreclosure.

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Better Credit Blog

DECEMBER 2, 2020

Lenders access your entire credit report from Experian, Equifax, TransUnion, or all three bureaus. Your credit report gives lenders a better idea of your previous credit use to help them decide if you’re a reliable borrower. Even more, they can assist you with challenging credit problems like: Bankruptcy. Foreclosure.

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Better Credit Blog

NOVEMBER 19, 2020

It occurs when you complete the application process for a loan or a credit card, allowing the lender to see your actual credit report. Your credit report paints a clearer picture of how you’ve used credit in the past to help lenders determine whether or not they should approve your application. Foreclosures. Repossession.

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Better Credit Blog

DECEMBER 23, 2020

But soft inquiries allow you, lenders, and other companies to check your credit score without approving you for an actual loan application. This type of inquiry lets lenders access your full credit report, using your history with credit to determine whether or not they should approve your application. Foreclosures. Repossession.

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Better Credit Blog

FEBRUARY 17, 2021

Collections accounts appear on your credit report when you fall behind on payments to a lender or a service provider. These agencies either work on behalf of your original lender or service provider, collecting a fee, or they buy your debts outright at a deeply discounted rate. Foreclosure. Repossession. Charge-offs.

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Better Credit Blog

DECEMBER 31, 2020

They allow lenders to get an inside look at how you’ve utilized credit in the past, helping them to determine whether or not you’re a responsible borrower. Whenever you submit an application, you’re authorizing the lender to obtain a copy of your credit report(s). Repossessions. Foreclosure. Late payments. Identity fraud.

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Better Credit Blog

DECEMBER 9, 2020

Hard inquiries happen whenever you apply for funding from a bank, retailer, or lender. These credit pulls let lenders, landlords, and employers take an in-depth look at your credit usage, granting them access to your full credit report. This guarantees that your interactions with the bureau and lenders are well-documented.

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Better Credit Blog

JANUARY 21, 2021

Anytime you apply for a card, the lender requests access to at least one, and sometimes all, of your credit reports. Several inquiries can be a red flag to potential lenders, so you should check into the approval requirements before applying for some cards and loans. Foreclosures. Property repossessions. Charge offs.

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Better Credit Blog

DECEMBER 30, 2020

Most of the time, a hard inquiry from a lender or service provider is nothing to panic over. When you get pre-qualified for financing from Dell or any other lender or creditor, all that’s involved is a soft inquiry. Do you dread the task of filing disputes and contacting lenders about hard inquiries? Repossessions.

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Better Credit Blog

JANUARY 6, 2021

Hard inquiries let lenders obtain your credit report(s). This could also deter prospective lenders from approving your applications. Dealing with lenders and credit bureau representatives regarding fraudulent inquiries can be a hassle. These businesses are adept at tackling big and small credit issues, including: Bankruptcy.

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Better Credit Blog

DECEMBER 29, 2020

A soft inquiry provides lenders with an overview of your credit, letting them pre-approve you for offers. Lenders can obtain one, two, or all three of your reports when you apply for a card. When you constantly apply for new cards, it can signal that you’re a risk to lenders. Foreclosure. Repossessions.

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Better Credit Blog

DECEMBER 28, 2020

They let lenders access your complete credit report, which they use to assess your creditworthiness. While some lenders only look at one report, others may access all of them to get a clearer picture of your credit history. Some of the issues they’re well-versed in include: Bankruptcy. Foreclosure. Repossessions.

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Better Credit Blog

NOVEMBER 30, 2020

This type of inquiry is more exhaustive and gives your prospective lender access to your entire credit report. That information helps lenders to assess how responsible of a borrower you are, often serving as the main determining factor in whether or not your application gets approved. Foreclosure. Repossessions.

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Better Credit Blog

OCTOBER 21, 2020

TU Interactive is most likely on your report because it was used by a lender or creditor in their vetting process. They can deal with disputing and removing trickier entries, assisting you with issues like: Bankruptcy. Foreclosures. Repossession. Charge-offs. Collections.

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Better Credit Blog

FEBRUARY 12, 2021

EPR may show up on your report if you’ve fallen behind on payments to a service provider or a lender. While you may not be familiar with the agency, they collect for popular lenders and providers across several markets. Any time you miss a payment, your lender will contact you to collect. Bankruptcies. Foreclosures.

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Better Credit Blog

DECEMBER 31, 2020

With a hard inquiry, a lender might access one, two, or each of your three credit reports. That being said, having several hard inquires can suggest that you rely pretty heavily on loans and credit cards and could make you a less appealing applicant to future lenders. Bankruptcy. Foreclosure. Repossession.

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Better Credit Blog

AUGUST 21, 2020

But what score do lenders consider to be good? Bankruptcy. Repossessions. Foreclosures. VA loan No minimum from VA; lenders may require a 580 or 620. USDA loan No minimum from USDA; lenders will likely require a 640. Cars are riskier to finance for lenders. Debt collections.

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Better Credit Blog

FEBRUARY 4, 2021

When you fall behind on payments, your lender or service provider will make multiple attempts to contact you. Are hired to help the original lender collect the debt. In addition to dealing with collections agencies, they can also handle: Repossessions. Foreclosures. Bankruptcy. Ask Lex Law for Help. Identity fraud.

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Better Credit Blog

FEBRUARY 25, 2021

When you fail to keep up with payments to a service provider or lender, they often hand your debts off to collections agencies. These agencies might buy your debts for pennies on the dollar or get paid to help the original lender/provider collect. Foreclosure. Bankruptcy. Repossessions. Inaccurate hard inquiries.

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