CreditStrong for Business

JULY 29, 2024

When a consumer has an unpaid debt, the lender will generally conduct their own in-house collection efforts for approximately 30 to 60 days. If the debt remains unpaid for 90 days, most original creditors will forward the account to a third-party debt collection agency.

Credit Scoring 52

Credit Scoring Collector Credit and Collections Credit Reporting Agencies 52

CreditStrong for Business

JULY 24, 2024

Paying off credit card debt is a great start to a credit rebuilding strategy especially if you’ve had problems keeping up with the monthly payments in the past. However, any late payments on your credit report can add extra time to your credit-building goals.

Credit Scoring 52

Credit Scoring Credit and Collections Credit Card Companies Debt Collections 52

CreditStrong for Business

OCTOBER 24, 2024

However, in 2009 legislators passed the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act), which might make qualifying more challenging. One provision of the Credit CARD Act requires that issuers of cards assess an applicant’s capability of repaying any debt incurred.

Bankruptcy 52

Bankruptcy Credit Scoring Credit and Collections Credit Unions 52

CreditStrong for Business

OCTOBER 8, 2024

When you miss bill payments, you wind up in debt to the company providing the service. When the biller sends your account to collections, that means it has sold your debt to a debt collection company that will then come after you for payment.

Credit Scoring 52

Credit Scoring Credit and Collections Medical Billing Credit Reporting Agencies 52

CreditStrong for Business

JULY 1, 2024

When you miss bill payments, you wind up in debt to the company providing the service. When the biller sends your account to collections, that means it has sold your debt to a debt collection company that will then come after you for payment.

Credit Scoring 40

Credit Scoring Credit and Collections Medical Billing Credit Reporting Agencies 40

Due

APRIL 16, 2024

The best con artists are the ones who know exactly what they’re doing, whether it’s a debt collection, credit card phishing , or imposter scam. The scammer received a payment: Get in touch with your bank or credit card company as soon as possible.

Credit and Collections 52

Credit and Collections Credit Card Companies Transactions Debt Collections 52