Remove Bankruptcy Remove Default Remove Magazine
article thumbnail

RMAI Update August 2024

RMAi Blog

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. LEXIS 17093 (7th Cir.

article thumbnail

Financial Literacy: 10 Ways to Improve It

Due

As a result, this prevents harming your credit score or even bankruptcy. In other words, there’s a difference between defaulting on a credit card and falling behind on your mortgage,” he says. “As You may even have defaulted on your mortgage or car loan. Can help ease the distress of living paycheck-to-paycheck.

article thumbnail

Your Ultimate Guide to Starting a Business with Student Loan Debt

Fundera

Also, you likely won’t be eligible if your record includes any bankruptcies or defaulted student debts.”. Short-term debt relief is not without long-term pitfalls,” says Entrepreneur magazine. “But to qualify for most loan refinancing, your credit score has to be good—in the high 600s at least,” says Inc.com.