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What Are Preferential Payments in Bankruptcy?

Sawin & Shea

Which creditors can they pay? This typically occurs because the debtor doesn’t have the money to pay all of their creditors, so they feel they need to rank which ones are more important to pay first. When payments are made to some creditors over others, they can be considered preferential payments according to bankruptcy laws.

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How To Remove Negative Items From Your Credit Report

Better Credit Blog

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. You will basically explain your situation to the creditor or collection agency. For this to work, be prepared to negotiate with the creditor or collection agency over the phone.

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How to Remove Rausch Sturm from Your Credit Report

Better Credit Blog

This is because Rausch Sturm has been hired by your original creditor to collect the debt on their behalf. It is possible that Sky Blue may be able to help you remove other negative marks from your credit report, such as charge offs , late payments , and repossessions. Ask Sky Blue for Help. What is Rausch Sturm?