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. Common examples of secured debts include: Home loans Car loans Cash loans secured by other personal property Judicial Liens Tax Liens.

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Unsecured Debt Collateral Secured debt Bankruptcy 52

Debt Free Colorado

MARCH 3, 2023

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. When the lead debtor on a co-signed loan is discharged in bankruptcy, the co-signers may still be required to pay back all or part of the loan.

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Bankruptcy Chapter 13 bankruptcy Credit Counselor Chapter 7 bankruptcy 52

Better Credit Blog

APRIL 1, 2022

It’s smart to know how to remove negative items from your credit report, especially if you are soon to be applying for a mortgage or car loan. This would be money well spent if it restored your good standing with lenders in time to secure a loan with low-interest rates. Repossessions. You may spend $400 to $500. Ads by Money.

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Bankruptcy Collection Agencies Collections Agency Lender 114

Better Credit Blog

DECEMBER 28, 2020

It’s likely on your report because you applied for a car loan through Wells Fargo. Auto loan applications can lead to hard inquiries on your credit report, which may impact your score slightly. When you apply for an auto loan, even if you end up choosing a different lender’s offer, your credit report will undergo a hard inquiry.

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Loans Repossession Lender Banks 52

Jimerson Firm

FEBRUARY 3, 2021

If the lender receives a foreclosure judgment from the court, the real property, including the mobile home, will be sold at public auction. Replevin is a lawsuit seeking a judgment and a “writ of replevin,” to recover personal property that is wrongfully detained by another person.

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Foreclosure Collateral Lender Repossession 96

Better Credit Blog

OCTOBER 21, 2020

A soft pull might be done when you consent to a background check or get quotes for loans. When you actually apply for say, a car loan, mortgage, or store credit card, it results in a hard pull or inquiry. Repossession. Soft pulls don’t affect your credit score, while hard inquiries do. Charge-offs. Collections. Foreclosures.

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Repossession Loans Foreclosure Bankruptcy 52

Better Credit Blog

DECEMBER 23, 2020

Applying for loans or credit cards can lead to a hard inquiry on your credit report. If you go online to check your credit score, submit to a background check, or get pre-approved for a credit card or loan, your credit report undergoes a soft credit pull. Repossession. Hard Inquiries. Hire a Credit Repair Company. Foreclosures.

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Lender Loans Repossession Foreclosure 52

Better Credit Blog

JANUARY 21, 2021

It offers a range of products, like MMAs, IRAs, CDs, loans, and credit cards. Hard inquiries also happen when you apply for a loan or line of credit. Pre-qualify for a loan offer. 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.

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Retail Banks Loans Repossession 52

Better Credit Blog

DECEMBER 2, 2020

Soft inquiries occur when you view your score, shop for quotes, or are pre-approved for a loan or credit card. Hard inquiries happen once you apply for a credit card or loan, and sometimes when you submit a rental application or submit to a background check for a job. Repossessions. Get a Free Copy of Your Credit Report.

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Lender Repossession Loans Foreclosure 52

Better Credit Blog

DECEMBER 2, 2020

Soft inquiries occur when you view your score, shop for quotes, or are pre-approved for a loan or credit card. Hard inquiries happen once you apply for a credit card or loan, and sometimes when you submit a rental application or submit to a background check for a job. Repossessions. Get a Free Copy of Your Credit Report.

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Lender Repossession Loans Foreclosure 52

Better Credit Blog

AUGUST 21, 2020

If you have a 560 credit score, your approval odds for loans are low, and your credit rating is pretty poor. Can You Get a Loan Approval with a 560 Credit Score? Repossessions. The issues above can hinder your access to both revolving lines of credit and installment loans. Can You Get a Loan with a 560 Credit Score?

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Credit Unions Credit Unions Personal loans Loans 52

Better Credit Blog

JANUARY 29, 2021

If you’ve come across a new entry on your credit report from Microbilt, it’s probably the result of a recent application for a loan or credit card. Whenever you apply for a mortgage, loan, credit card, or line of credit, your lender could use a business like Microbilt to access your credit reports. Repossession. Charge offs.

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Lender Loans Repossession Foreclosure 52

Better Credit Blog

NOVEMBER 30, 2020

Credit card and loan applications aren’t the only things that require a hard inquiry. A soft inquiry could also happen when you get quotes for a loan or credit card. A hard inquiry might occur when you apply for a: Loan. Submit all your applications for a specific type of loan within 14 days. Repossession.

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Loans Repossession Foreclosure Bankruptcy 52

Collection Industry News

JULY 20, 2020

The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers. An investigation by ProPublica found that court judgments in debt collection lawsuits were twice as high in black communities compared to mostly white neighborhoods.

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Garnishment Collections Debt collector Accounts Receivables Management 40

Better Credit Blog

NOVEMBER 19, 2020

A soft pull happens when you go online to check your score, compare quotes for a loan, or get pre-approved for offers. It occurs when you complete the application process for a loan or a credit card, allowing the lender to see your actual credit report. Repossession. A hard pull is more invasive. Pay for Credit Repair Services.

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Lender Loans Repossession Banks 52

Better Credit Blog

AUGUST 7, 2020

Whether you’re in the market for a mortgage, auto loan, or credit card, your application can result in a hard inquiry on your credit report, which can damage your credit score for years. Synchrony offers several financial products, from CDs, MMAs, and IRAs to credit cards and loans through partnerships with other lenders. Charge offs.

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Retail Lender Debt collector Banks 52

Better Credit Blog

JANUARY 6, 2021

As such, this type of inquiry happens when you apply for credit cards, as well as loans and lines of credit. It differs from a soft inquiry, which occurs when you check your score, pre-qualify for a loan, or compare quotes. Repossessions. Your score might also undergo an inquiry when you apply for a new job or rental property.

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Lender Loans Repossession Foreclosure 52

Better Credit Blog

DECEMBER 31, 2020

This type of inquiry gets added to your report whenever you apply for a credit card, line of credit, or loan. Hard inquiries are a necessary step for securing credit cards and loans. The advice above only applies to hard inquiries, not soft credit checks, which occur when you check your score or pre-qualify for a loan or card.

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Lender Loans Repossession Foreclosure 52

Better Credit Blog

DECEMBER 28, 2020

Along with offering checking, savings, and investing accounts, it provides several loans and credit cards. When you apply for a mortgage, loan, or credit card, you’ll have to consent to a hard inquiry. If you never applied for a Wells Fargo card or loan, here are two strategies to help you get the hard inquiry deleted from your report.

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Loans Repossession Lender Banks 52

Better Credit Blog

JANUARY 29, 2021

Soft inquiries happen when you pre-qualify for a credit card or loan, compare quotes, check your score, or get vetted for a job or apartment application. A hard inquiry can be prompted by an application for a credit card or loan, or in some cases a rental application. Repossession. HARD CREDIT CHECK. Charge-offs. Foreclosure.

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Repossession Loans Financial Institution Foreclosure 52

Burr Forman

DECEMBER 4, 2020

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. In March of 2020, Burr published an article discussing the global pandemic’s impact on collection practices.

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Financial Institution Garnishment Collections Foreclosure 52

Better Credit Blog

DECEMBER 28, 2020

CitiBank is a sizable national bank that offers a full array of banking services, loans, credit cards, and investment services. Try to get pre-approved for a loan or a credit card. They’re used any time you actually apply for a new loan, credit card, or line of credit. Repossessions. That’s the case with Citibank, too.

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Lender Creditworthiness Repossession Loans 52

Better Credit Blog

DECEMBER 31, 2020

To keep the negative effects of hard inquiries at bay, assess your approval odds before applying for a new card or loan. Repossessions. Stay up-to-date on credit card/loan payments. You can save some time and a few points by only applying for offers you’re likely to be eligible for. Late payment history. Bankruptcy.

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Banks Retail Lender Repossession 89

Better Credit Blog

NOVEMBER 30, 2020

Once you move on from comparing offers to actually applying for a card or loan, your credit report (s) will undergo a hard inquiry. To reduce the impact on your score, you should limit your credit card and loan applications. Repossessions. A soft inquiry doesn’t necessarily go on your report or lower your credit score.

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Lender Repossession Loans Banks 52

Better Credit Blog

DECEMBER 2, 2020

For instance, whenever you check your score with a credit monitoring site or get pre-approved for loan offers, a soft inquiry takes place. To keep the damage to a minimum, limit your applications for the same type of loan to a 14-day period. Additionally, don’t apply for cards or loans you aren’t likely to be approved for.

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Retail Repossession Loans Foreclosure 52

Better Credit Blog

DECEMBER 31, 2020

Project Loan. When you apply for any one of these cards, loans, or credit accounts, you authorize Citibank to run a hard credit check. If you took it a step further and applied for a card or loan from the retailer, the THD/CBNA entry on your report is a hard inquiry. Repossession. Commercial Revolving Charge Card.

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Retail Lender Loans Repossession 52

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. You might consent to a hard inquiry when you apply for a mortgage, loan, new job, rental home, or in this case, a retail credit card.

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Retail Lender Loans Repossession 52

Better Credit Blog

DECEMBER 8, 2020

When BP SYNCB winds up on your credit report, it’s most likely as a hard inquiry, which occurs when you apply for new credit cards or loans. That means all three of your credit scores could be impacted when you apply for a credit card or loan. Repossessions. Has a new entry from BP SYNCB lowered your credit score? Charge-offs.

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Collection Agencies Collections Agency Loans Banks 52

Better Credit Blog

JANUARY 29, 2021

Any time you apply for new credit, like a card, loan, or line of credit, the lender might run a hard credit check. Hard inquiries operate completely differently than soft inquiries , which happen when you view your credit score, pre-qualify for a loan/card offer, or go through a background check from an employer or landlord.

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Repossession Banks Loans Creditors 52

Better Credit Blog

DECEMBER 29, 2020

On the other hand, hard pulls are used to approve your credit card, loan, and credit line applications. Hard inquiries are generally nothing to worry about, but you should be concerned if you didn’t apply for a credit card or loan and find one on your report. Pre-selected credit and loan offers. Repossessions.

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Lender Creditors Banks Repossession 52

Better Credit Blog

JANUARY 14, 2021

They differ in a few key ways, starting with what prompts them: Soft Credit Check: Occurs when you check your score, get pre-approval for a loan/card, or get screened for a job or new home rental. Your credit report can tell them a lot about how you manage credit cards and loans, aiding them in their decision of whether or not to approve you.

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Loans Repossession Foreclosure Bankruptcy 52

Better Credit Blog

FEBRUARY 15, 2021

Education loans, tuition, fines and fees. Mortgages and loans. Repossessions. Though you may be unfamiliar with Fairway, the agency collects on a wide range of consumer debts, including the following: Health insurance billing and follow-up. Self-pay collections. Parking tickets. Government fines and fees. Utility bills.

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Collections Collection Agencies Collections Agency Debt collector 74

Better Credit Blog

JANUARY 5, 2021

Did you apply for a Home Depot credit card, loan, or credit account? When you apply for a card or loan from The Home Depot, you’re actually applying with Citibank. Project Loan. Repossession. If so, there could be a hard inquiry from Home Depot CBNA on your report. Home Depot CBNA On My Credit Report. Commercial Account.

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Retail Loans Repossession Lender 52

Better Credit Blog

JANUARY 5, 2021

Did you apply for a Home Depot credit card, loan, or credit account? When you apply for a card or loan from The Home Depot, you’re actually applying with Citibank. Project Loan. Repossession. If so, there could be a hard inquiry from Home Depot CBNA on your report. Home Depot CBNA On My Credit Report. Commercial Account.

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Retail Loans Repossession Lender 52

Better Credit Blog

DECEMBER 30, 2020

They take place when you go beyond rate shopping and pre-approval and actually apply for a loan or card. When you turn in an application for a card, loan, or line of credit, the lender will access one or more of your credit reports, using the information to assess whether or not you’re a dependable borrower. Repossessions.

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Lender Financial services Loans Repossession 52

Better Credit Blog

OCTOBER 28, 2020

When you apply for a credit card or loan, it can lead to a hard credit check, which lowers your score. When you check your own credit score or try to get pre-approved for a loan or card, your report undergoes a soft credit check, which doesn’t impact your score. Repossessions. Charge off. Collections entry. Foreclosure.

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Retail Banks Repossession Foreclosure 40

Better Credit Blog

FEBRUARY 24, 2021

Moreover, they’ll assist you if you’re facing other credit problems, such as: Judgments. Repossessions. If you’ve fallen behind on payments in an industry like one of the ones listed below, it could be to blame for the collections entry on your report: Bank credit cards. Retail cards. Telecommunications. Foreclosure. Bankruptcy.

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