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What Is a 1099-C Form and How Does It Affect Your Credit?

Credit Corp

The IRS provides a list of exclusions, which include debts that were forgiven because you were insolvent or involved in certain types of bankruptcies. You may want to double-check with your bankruptcy lawyer about whether you need to claim 1099-C income relevant to your bankruptcy discharge. Bankruptcy Title 11 B.

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CFPB Warns Auto Finance Companies About Inadvertent Repossessions

Troutman Sanders

Failing to cancel active repossession orders when a consumer files for bankruptcy. Failure to cancel a repossession order (or all orders, if the account is placed with more than one repossession vendor). Vendor failures (recovering the vehicle, even though the order had been put on hold or canceled).

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Simplicity Skip Tracing Services

SimplicityCollectionSoftware

After retrieving a successful signature, the page status will update to show “Enabled” and skip tracing can now be used. Bankruptcy Scrub. Bankruptcy scrub: $0.35 Simplicity will automatically check for a signature over the course of 24 hours, but this button can be used to check immediately. Documentation: Phone Append.

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Simplicity Skip Tracing Services

SimplicityCollectionSoftware

After retrieving a successful signature, the page status will update to show “Enabled” and skip tracing can now be used. Bankruptcy Scrub. Bankruptcy scrub: $0.35 Simplicity will automatically check for a signature over the course of 24 hours, but this button can be used to check immediately. Documentation: Phone Append.

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FICO XD is Changing the Way Consumers Build Credit

Titan Consulting

The new FICO XD scoring model retrieves information from sources like the National Consumer Telecom and Utilities Exchange to collect data on payments to utility, cell phone service, internet, and cable television providers and uses the payment history data from these and other sources to build a credit score.

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Mortgage-Assistance Relief Firm Violates Consumer Finance Regulations

ABI

American Bankruptcy Institute Law Review Staff. . In response to the financial crisis of 2007-2008, and the subsequent rise of unfair and deceptive for profit-mortgage assistance relief services (“MARS”), Congress designated the Federal Trade Commission (“FTC”) to employ rules regarding the regulation of MARS. [1] By: Ilayna M.

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Understanding Why You Have So Many Different Credit Scores

Titan Consulting

Private companies use data retrieved from credit reports, combined with public records, to predict your risk to lenders in the form of a credit score. We work with consumers seeking debt consolidation loans, or who may be considering options like debt negotiation or bankruptcy. Here’s why: Who Decides Your Credit Score?