Ads
related to: redeemed repossession on credit report formeforms.com has been visited by 10K+ users in the past month
Search results
Results from the WOW.Com Content Network
If a collection agency bought your 10-year-old retail card debt and has started putting it on your credit report with a different date, for example, you may be able to remove that collection item ...
When a provision of law requires that repossession takes place, the lien holder has a non-delegatable obligation not to cause a breach of the peace (which is synonymous with disturbing the peace) in performing the repossession or the repossession will be reversed, and the party ordering the repossession will be liable for damages (or the lienholder will be held responsible).
Because the right of redemption is an equitable right, foreclosure is an action in equity. To keep the right of redemption, the debtor may be able to petition the court for an injunction. If repossession is imminent, the debtor must seek a temporary restraining order. However, the debtor may have to post a bond in the amount of the debt.
For example, if your Experian credit report shows a late credit card payment, you should contact both Experian and the credit card company that reported the late payment to make sure all records ...
Another benefit to the borrower is that it harms a borrower's credit less than a foreclosure does. [ 1 ] [ 2 ] Advantages to a lender include a reduction in the time and cost of a repossession, lower risk of borrower revenge ( metal theft and vandalism of the property before sheriff eviction), and additional advantages if the borrower ...
Key takeaways. The time it takes debt and derogatory marks to fall off your credit report depends on the type of debt or mark involved. In general, most debt will fall off your credit report after ...
Ads
related to: redeemed repossession on credit report formeforms.com has been visited by 10K+ users in the past month