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.

Collector 100

Collector Law Firms Credit and Collections Debt Collections 100

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. Review the credit utilization of all your credit cards.

Credit Scoring 72

Credit Scoring Bankruptcy Credit and Collections Chapter 7 72

tillful

MAY 17, 2023

Unfortunately, derogatory marks cause your credit scores to drop and alert future creditors that you present a higher credit risk. Once the statute of limitations has passed, the creditor or collector isn’t able to take any legal action to try and force you to pay the debt. What is a derogatory public record ?

Bankruptcy 52

Bankruptcy Credit and Collections Credit Reporting Agencies Credit Scoring 52