Charge-off is a term that means that the creditor considers a debt uncollectable. This can be…

Is a request for information, an examination of the accounts reported under the client’s SSN/ITIN to…

Identity (ID) theft happens when someone steals your personal information to commit fraud. The identity thief…

Credit fraud is a broad term for using a credit card (or any other comparable type…

Mistakes made in identity information (wrong name, phone number, address). Accounts belonging to another person with…

Foreclosure is the legal process by which a lender attempts to recover the amount owed on…

A person is considered to have bad credit if they have a history of not paying…

Bad credit occurs when a person has a history of late payments, high credit utilization, or…

Bankruptcy is a legal process that can significantly lower a credit score, indicating financial distress and…

Accounts sent to collections occur when debts remain unpaid for a prolonged period, which negatively impacts…

Slow or late payments are reported to credit bureaus and can reduce a credit score, signaling…

Excessive credit inquiries, often from applying for multiple credit accounts in a short time, can lower…