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. See you in Monterey! Welcome, New Members!

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Collector Credit and Collections Law Firms Debt Collections 130

CreditStrong for Business

AUGUST 9, 2024

Personal consumer bankruptcies are categorized as either Chapter 7 or Chapter 13. Chapter 7 remains on your credit history for 10 years and Chapter 13 remains for 7 years; however, many people restore their bad credit to at least an average credit score within a couple of years.

Credit Scoring 52

Credit Scoring Chapter 7 Credit and Collections Bankruptcy 52

Due

APRIL 2, 2024

In the US, it’s after ten years under a Chapter 7 and seven years after a Chapter 13 bankruptcy. Your late payment history can remain on your credit report for 7 to 7.5 While collectors might be on your back, open accounts should be your highest priority. The impact of this strategy on your credit score varies.

Credit Scoring 72

Credit Scoring Bankruptcy Credit and Collections Chapter 7 72

tillful

MAY 17, 2023

Further, a business bankruptcy filing drops off of Equifax business reports after five years, whereas it takes seven to 10 with the personal credit bureaus; seven years for a Chapter 13 bankruptcy and 10 years for a Chapter 7 bankruptcy.

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Credit and Collections Bankruptcy Credit Reporting Agencies Credit Scoring 52