Debt settlement is an option where you negotiate with creditors to reduce the amount you owe, often to...
Chapter 13 bankruptcy is a legal process allowing individuals with regular income to reorganize and repay...
Chapter 7 bankruptcy provides individuals and businesses a legal way to eliminate most unsecured debts...
A civil judgment is a legal determination requiring one party to pay another or perform an action, impacting...
A property lien is a legal claim against your real estate due to unpaid debts that can affect your ability...
Car repossession occurs when a lender takes back your vehicle due to missed loan payments, affecting...
Foreclosure is the legal process lenders use to reclaim a property when a borrower fails to keep up mortgage...
A collection account is a debt that has been passed to a third-party agency for collection after becoming...
A charge-off is when a lender writes off a debt as a loss after prolonged missed payments, but the debt...
VantageScore and FICO are the two primary credit scoring models that influence lending decisions. Understanding...