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How Long Does Bad Credit Last?

Credit Corp

Pro tip: Even if a debt has been charged off, consider contacting the original creditor to negotiate a settlement. Since the debt is old and less likely to be paid, the creditor may be willing to accept less than what you owe to consider the matter closed. Chapter 7 bankruptcies may be reported for 10 years from the filing date.

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Sixth Circuit Decision Highlights the Risk of Initiating Collection Remedies During the FDCPA’s Validation Period

BN Lawyers

the defendant initiated non-judicial foreclosure proceedings during the consumer’s thirty-day FDCPA validation period. Trott filed a response opposing the injunction, and just hours prior to the hearing on the motion for the preliminary injunction, Scott filed for Chapter 13 bankruptcy. Trott Law, P.C. ,