Bankruptcy Credit Reporting Agencies Default 
CreditStrong for Business
AUGUST 20, 2024
Filing for bankruptcy sets your credit score back significantly, but you can usually begin to recover within a few months and make meaningful progress within a year. Within two years, your credit score could be even better than before you filed. Filing for bankruptcy is a serious setback, but it’s not insurmountable.
CreditStrong for Business
AUGUST 23, 2024
The Major Business Credit Reporting Agencies The job of a business credit reporting agency (also called a business credit bureau) is to gather information about your company. A credit bureau gathers details from your previous creditors and other sources and puts that data into a business credit file.
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RMAi Blog
AUGUST 14, 2024
Seventh Circuit Rejects Consumer’s FCRA and FDCPA Claims Arising from Post-Bankruptcy Collection and Reporting Freeman v. The consumer filed for bankruptcy and eventually cured her pre-petition mortgage default through her bankruptcy plan payments. Ocwen Loan Servicing, LLC , No. 23-2512, 2024 U.S.
CreditStrong for Business
AUGUST 30, 2024
The three major credit bureaus, Equifax, Experian, and TransUnion, all offer consumers a free copy of their report annually. Perhaps collection accounts associated with an eviction were subsequently reported inaccurately? In this instance, you can initiate the dispute process with the credit reporting agency.
Fundera
AUGUST 11, 2016
What happens when you default on a loan? What Happens When You Default on a Loan? As soon as your loan is considered in default, the lender will contact you. The more payments you miss, the more damage will be done to your credit score. So, let’s learn what happens when you default on a loan of every time.
CreditStrong for Business
OCTOBER 24, 2024
If everything goes according to plan, that lets you open new credit accounts despite any missed payments, account defaults, or bankruptcies in your credit history. You’d have a second chance to build a credit profile from scratch. CPNs are definitely illegal, no matter what your credit repair company says.
CreditStrong for Business
OCTOBER 30, 2024
Further, the NFCC explains that each missed or late payment that occurs amid negotiations or while gathering up a lump sum worsens credit scores. Keep in mind that your credit utilization rate could also drop, particularly when credit card debt settlements result in formally closing the credit account.
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