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. Read more about the Legislative Fund.

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Collector Credit and Collections Law Firms Debt Collections 100

Due

APRIL 2, 2024

Life’s uncertainties—job loss, emergencies, foreclosures, bankruptcies—can severely damage credit. Bankruptcy will likely exacerbate any credit issues, causing an initial drop of about 100 to 200 points in your credit score. In the US, it’s after ten years under a Chapter 7 and seven years after a Chapter 13 bankruptcy.

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Credit Scoring Bankruptcy Credit and Collections Chapter 7 72

CreditStrong for Business

SEPTEMBER 12, 2024

The company that has furnished or reported unpaid debts or other forms of adverse payment history to the credit bureaus is typically a third-party debt collector; however, it might be the original lender associated with the debt such as a bank or credit card company. Among the most commonly deployed tools are debt validation letters.

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Collector Credit Scoring Bankruptcy Credit Reporting Agencies 52

tillful

MAY 17, 2023

Unfortunately, derogatory marks cause your credit scores to drop and alert future creditors that you present a higher credit risk. According to Dun & Bradstreet , they can include liens, judgments, bankruptcies, UCC filings, and business registrations. Bankruptcy filings : Five years. What is a derogatory public record ?

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Bankruptcy Credit and Collections Credit Reporting Agencies Credit Scoring 52

MNS Credit Management Group

SEPTEMBER 24, 2023

Equipment There must be open lines of contact between local collectors, banks, and clients for debt recovery efforts to be fruitful and successful. Among the carried out actions are: Credit evaluation Contact Negotiation Pressure on the debtor house calls appropriate legal avenues and petitions bankruptcy procedures Claim enforcement.

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Debt Collections Credit and Collections Collector Credit Management 52

Due

MARCH 3, 2023

When a few dollars separate you from foreclosure or bankruptcy, every dollar counts. Having an employer who matches your contributions AND maxing out your 401k plan before the end of the year can also present a problem. According to one study, medical reasons may account for two-thirds of bankruptcies in the United States.

Credit Scoring 105

Credit Scoring Bankruptcy Medical Billing Brokerages 105

Due

MARCH 3, 2023

When a few dollars separate you from foreclosure or bankruptcy, every dollar counts. Having an employer who matches your contributions AND maxing out your 401k plan before the end of the year can also present a problem. According to one study, medical reasons may account for two-thirds of bankruptcies in the United States.

Credit Scoring 64

Credit Scoring Bankruptcy Medical Billing Brokerages 64