Remove Bankruptcy Remove Collector Remove Credit Unions
article thumbnail

RMAI Update May 2023

RMAi Blog

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. Mendelson Firm, PLLC | TN Dynamic Collectors, Inc. |

Collector 130
article thumbnail

How To Rebuild Credit After a Financial Crisis

Due

Life’s uncertainties—job loss, emergencies, foreclosures, bankruptcies—can severely damage credit. With a commitment to bouncing back, discipline, careful planning, concrete goals, and strategic choices, it is possible to recover from financial troubles and rebuild your credit status.

article thumbnail

Private vs. Federal Loans: Which is the Better Choice for Your College Financing?

Due

Only for Direct PLUS Loans, the lenders would check the credit report of your parents to detect whether they have any negative items, such as bankruptcy. So, you don’t need to build your credit history to qualify for federal loans. Federal debt collectors have the power to bypass courts and seize tax refunds directly.