Better Credit Blog

JUNE 1, 2022

Borrowing money costs more when you have bad credit — and your choices for a loan will be limited — which is why we have helped you narrow down your list by finding the top 6 best personal loans for bad credit. Use this time to fix your credit before applying for loans. 6 Best Personal Loans for Bad Credit.

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Credit Corp

JUNE 1, 2023

Most creditors still report to old scoring models, so it’s unlikely paying off the debt will improve your credit score. If you’ve gotten behind on payments to a creditor or lender, your debt could be sent to collections after around 120 days of missed payments. ® or VantageScore 4.0®. How Does Collections Debt Affect Your Credit Score?

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Sawin & Shea

SEPTEMBER 27, 2023

The money earned from these sales then goes to the creditors and any remaining balances on the debts are discharged. Debt collectors have a legal right to pursue the collection of personal debt within the bounds of the law. The Court can sell all nonexempt possessions and assets. What Are My Exempt Assets?

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Sawin & Shea

AUGUST 24, 2020

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. In exchange of this discharge non-exempt assets are liquidated by a Chapter 7 trustee in order to pay creditors back something.

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Better Credit Blog

FEBRUARY 11, 2022

These companies aim to reduce the amount of money you owe by negotiating a lower fee with creditors, which makes getting back into the black more affordable. Like similar companies, it contacts creditors on your behalf to negotiate a discount on your debt. Many lenders decide it’s in their best interests to agree. Unique Features.

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Credit Corp

DECEMBER 21, 2020

These are typically run by creditors who want to see if they can offer you potential products. For example, if you receive a mailing from a personal loan or credit card company stating you have been prequalified for potential credit, that company has probably run a soft check. Promotional soft credit checks.

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