CreditStrong for Business

AUGUST 23, 2024

For perspective, the average score among consumers with a mortgage was 753 in 2020. When VA borrowers default, the VA reimburses their private lenders for a significant portion of their mortgage balances. You usually have to wait four years after filing Chapter 7 and two years after the discharge of Chapter 13 to get one.

Credit Scoring 52

Credit Scoring Chapter 7 Bankruptcy Default 52

Your Virtual Credit Manager

AUGUST 11, 2024

Chapter 11 filings, used by businesses hoping to reorganize, have increased by 34 percent in the first six months of 2024 compared to last year. Chapter 7 commercial liquidation filings are up 28 percent and sub-chapter V small business elections are up a staggering 61 percent despite the filing threshold recently being cut in half.

Sub-Chapter V 100

Sub-Chapter V Bankruptcy Credit and Collections Chapter 11 100

CreditStrong for Business

APRIL 3, 2023

For perspective, the average score among consumers with a mortgage was 753 in 2020. When VA borrowers default, the VA reimburses their private lenders for a significant portion of their mortgage balances. You usually have to wait four years after filing Chapter 7 and two years after the discharge of Chapter 13 to get one.

Credit Scoring 59

Credit Scoring Chapter 7 Bankruptcy Default 59