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. Collection). Write a letter to the original creditor or collection agency and ask them to remove the negative entry from your credit history as an act of goodwill. Date opened.

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Better Credit Blog

FEBRUARY 24, 2021

Whether you came across First National Collection Bureau while checking your credit or received a phone call or letter from the agency, you need to respond quickly. As long as a collections account is on your report, it hurts your credit, not to mention adding stress to your daily life. What Is First National Collection Bureau?

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Better Credit Blog

FEBRUARY 18, 2021

When your debt goes into collections, it’s important to straighten things out quickly. If BYL Collections has been contacting you, the information below can help you move forward. How Does BYL Collection Services Work? BYL Collections isn’t a household name, but it collects for several businesses across multiple industries.

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Better Credit Blog

FEBRUARY 5, 2021

If you’re concerned about an entry on your credit report from BRG Collections, we can help. BRG specializes in collecting on unpaid consumer debts. Read on for an overview of BRG, debt collections, and the process of getting a collections account off your report. About BRG Collections LLC. Ask Lex Law for Help.

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Sawin & Shea

JANUARY 25, 2022

For example, when you take out a home loan, you will be required to sign a mortgage which grants the lender a lien, or security interest against your home should you fall behind on payments. However, if you file for bankruptcy, it can put a pause on debt collection, including actions by secured creditors.

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Better Credit Blog

FEBRUARY 17, 2021

Also frustrating, the collections agency has likely been sending letters and calling you regularly. Collections accounts appear on your credit report when you fall behind on payments to a lender or a service provider. Bridgeport Financial is a full-service debt collection agency that was founded in 1994. Credit reporting.

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Collection Industry News

JULY 20, 2020

DEBT COLLECTORS, facing growing demands to freeze the collection of debt across the country amid the economic hardship caused by the coronavirus pandemic, are mobilizing their lobbyists to push back. In New York, residents are receiving a 30-day reprieve from the collection of state-owned medical and student debt.

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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. The longer you ignore a collections entry, the more damage it can do to your report. Evergreen Professional Recoveries is a legitimate debt collection agency and member of the American Collectors Association. Commercial.

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Better Credit Blog

FEBRUARY 4, 2021

Are you concerned about a collections entry from Delivery Financial Services? While falling behind on a payment or two might not seem like a big deal, collections-stage debt can do substantial damage to your credit. For that reason, it’s important to take the necessary steps to get collection accounts off your credit report.

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Credit Corp

AUGUST 25, 2020

You can be denied military enlistment if you’re in financial trouble, such as if you have a number of collections in your credit history. It’s a notice on your credit reports that encourages lenders to take extra precautions when approving credit in your name. Default judgment protection.

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Better Credit Blog

FEBRUARY 25, 2021

First Federal is most likely on your report as a collections entry because of an unpaid bill. Because collections accounts can lower your credit score, it’s important to act quickly to get them off your report. Fortunately, FFCC is a legitimate third-party debt collection agency. Healthcare. Financial institution.

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Better Credit Blog

OCTOBER 5, 2020

Has your credit score recently taken a dive as a result of a collections entry from Penn Credit? If you forgot to pay a bill or you’ve gotten behind on payments to a lender or service provider, it can have some nasty effects on your credit. It’s been in the business of collecting on consumer debts since 1987. Penn credit corp.

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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

FEBRUARY 5, 2021

As long as it’s there, a collections account can lower your credit score and hold you back from getting approved for credit cards, loans, jobs, and leases. BCA offers several services, including: Delinquent collection services. As far as collections are concerned, they primarily target debts in the healthcare industry.

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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. Debt in collections.

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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. Property repossession.

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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. Debt in collections. Repossessions. Late payment history. Bankruptcy. Foreclosures.

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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. Collections accounts. Charge offs.

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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. Collection-stage debt. Repossessions. Hard Inquiries. A hard inquiry is more invasive.

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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. Collection-stage debt. Repossessions. Hard Inquiries. A hard inquiry is more invasive.

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Better Credit Blog

FEBRUARY 19, 2021

If DCM Services or DCM Services LLC has recently appeared on your credit report, it’s probably to collect on a delinquent account. Missed payments can result in collections accounts being added to your credit report. Collections also result in frequent phone calls and letters, which can impact your daily life negatively.

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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. Debt in collections. Late payments.

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Better Credit Blog

AUGUST 21, 2020

But what score do lenders consider to be good? Repossessions. Debt collections. If you have any collections accounts on your report, negotiate a pay-for-delete agreement. 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.

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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

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. Collections agencies. Repossession. The good news?

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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

OCTOBER 21, 2020

TU Interactive is most likely on your report because it was used by a lender or creditor in their vetting process. Hard inquiries stay on your report for two years, which is far shorter than some entries, like collection entries, which can bring your score down for seven years. Collections. Repossession. Charge-offs.

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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. Debt collections agencies. Property 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. Collections. Repossessions. Charge-offs. Foreclosure. Foreclosure.

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BN Lawyers

MARCH 23, 2020

Most creditors (lenders, suppliers, employees) will be aware of the distress facing the entire service industry. A lender may be willing to forbear payments in exchange for extending repayment out over an additional six-months to avoid forcing your business into bankruptcy. High Priority: Critical Vendors, Secured Lenders, and Lessors.

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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. Collection-stage debts. 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. Collections. Repossessions. Some of the issues they’re well-versed in include: Bankruptcy.

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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. Collections entries. Repossessions.

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Better Credit Blog

DECEMBER 2, 2020

It’s all too easy to fall behind on car payments and find yourself with a collections entry on your credit report. Whether you simply forgot to pay your bill or you’re dealing with financial hardship, you could be contacted by a collections agency like Autovest LLC. What Is Autovest LLC? Unfamiliar with the name Autovest LLC?

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Better Credit Blog

DECEMBER 18, 2020

A soft inquiry or credit pull occurs when you take a look at your score online using a credit monitoring app , or when prospective lenders check your score to pre-approve you for certain loans or card offers. It allows lenders to gain access to your full credit reports from one or more of the credit bureaus. Debt in collections.

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Debt Free Colorado

MARCH 3, 2023

For ten years after filing for bankruptcy, lenders will be more reluctant to extend credit, and it may even be challenging to get employment. A court judgment that states that a person is not required to pay back some debts is given to those who abide by the bankruptcy laws and are granted a discharge. What Can’t Bankruptcy Do?

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Better Credit Blog

DECEMBER 28, 2020

Whenever you apply for a loan, line of credit, or credit card, the lender or creditor will want to see your credit report to get an idea of how responsibly you’ve used credit in the past. In other words, prospective lenders won’t penalize you for having a few hard inquiries here and there. Debt in collections. Repossessions.

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