CreditStrong for Business

APRIL 3, 2023

When VA borrowers default, the VA reimburses their private lenders for a significant portion of their mortgage balances. How Does a Previous Bankruptcy or Foreclosure on Your Credit Report Affect Your Chances of Getting a VA Loan? The second obstacle is the damage bankruptcies and foreclosures do to your credit score.

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Credit Scoring Chapter 7 Bankruptcy Default 59

tillful

MAY 17, 2023

A derogatory mark on a credit report refers to a negative item such as a late payment, a loan default, a repossession, or a foreclosure. According to Dun & Bradstreet , they can include liens, judgments, bankruptcies, UCC filings, and business registrations. Judgments : 7 years after the last date filed.

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Credit and Collections Bankruptcy Credit Reporting Agencies Credit Scoring 52

Due

DECEMBER 2, 2023

Your credit report also contains information on overdue debt, foreclosures, bankruptcies, judgments, and liens. This practice protects service providers against the possibility of defaults on monthly bills. Secured credit cards are the default option for applicants with bad or no credit. FICO scores range from 300 to 850.

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Credit Scoring Credit and Collections Chapter 7 Bankruptcy 59