RMAi Blog

MAY 12, 2023

26, 2023) A consumer filed for Chapter 7 bankruptcy, listing past-due rent he owed, and was subsequently granted a discharge. A debt collector unaware of the discharge, allegedly due to a bona fide error, sent several collection letters to the consumer regarding the past-due rent. .” 21-3131, 2023 U.S.

Collector 100

Collector Credit and Collections Law Firms Debt Collections 100

Due

JANUARY 3, 2023

Examples include: Bankruptcies. If you see a debt collection on your credit report, don’t panic. What to look for in public records: A Chapter 7 bankruptcy stays on your credit report for 10 years after it’s filed. On the hand, after seven years, a Chapter 13 bankruptcy can be wiped out.

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Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 119

CreditStrong for Business

OCTOBER 30, 2024

Regarding the resulting bad credit, settlements could reduce your credit score by over 100 points, which likely remains higher than if you had multiple accounts in debt collection that ended in bankruptcy. In most instances, reasonable expectations for a post-debt settlement recovery range from approximately 12 to 24 months.

Credit Scoring 52

Credit Scoring Bankruptcy Credit and Collections Chapter 7 52