CreditStrong for Business

SEPTEMBER 12, 2024

Public records include filings in local, state, or federal courts or other community resources that have traditionally appeared on consumer credit reports. Equifax, Experian, and TransUnion are the major credit bureaus or credit reporting agencies that collect and report this information.

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CreditStrong for Business

SEPTEMBER 4, 2024

The trade-off for having your debt eliminated is a long-lasting derogatory mark on your credit report identifying you as a huge credit risk. Your credit report sees the effects of a bankruptcy filing for ten years for a chapter 7 bankruptcy. Will My Credit Score Increase After Bankruptcy Falls Off?

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CreditStrong for Business

AUGUST 20, 2024

For example, someone with a 750 credit score will lose more points than someone with a 600 credit score. Similarly, Chapter 7 bankruptcy will cost you more points than Chapter 13 since the latter involves paying off a higher portion of what you owe. Chapter 7 bankruptcy stays on your credit report for 10 years.

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CreditStrong for Business

NOVEMBER 7, 2024

The first option involves directly contacting the lender regarding the potential error on your payment history, such as a credit card company or student loan issuer. The next option involves filing a dispute with the credit reporting agency regarding the possible erroneous entry.

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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. FAQs How Long Will Debt Settlement Stay on Your Credit Report? The debt settlement typically generates two or more types of adverse credit report entries.

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CreditStrong for Business

SEPTEMBER 17, 2024

If you want to know how to rebuild credit, you can start by making timely payments on all available credit accounts and using other strategies explored in this article. 7 Strategies To Rebuild Credit The first step to rebuilding credit involves obtaining a recent copy of your credit report.

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CreditStrong for Business

SEPTEMBER 12, 2024

There is one exception—bankruptcy may remain on your credit bureau report for up to ten years. More precisely, a Chapter 7 bankruptcy will remain for up to ten years, while a Chapter 13 bankruptcy generally remains for seven years. Payments only get reported to the credit bureaus if they are 30 days late.

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