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How Do Credit Repair Companies Work?

Credit Corp

Account errors: If someone steals your identity, your credit report may list accounts you never opened. Creditors may also make errors when reporting payment dates and payment amounts. You may even see the same debt listed more than once. It’s also possible for the same account to be listed under two different creditors.

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Do Existing Debts Impact Your Credit Score When You Move Abroad?

Credit Corp

More importantly, will my existing debts impact my credit score in a new country? From renting a house to applying for credit cards, credit score plays a major role in availing basic amenities in a new country. I was worried if my credit score and credit card debts back home would hurt my credit score abroad.

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Paying Bills Later: Considering Financial Consequences of Delayed Payments Due to COVID-19

Titan Consulting

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. Amid economic uncertainty, and lockdowns extending through April and possibly into May, it is tempting to call creditors requesting payment extensions. Delayed payments are not forgiven payments.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.