Collections
When an account becomes seriously past due, the creditor may decide to turn the account over to an internal collection
Bankruptcies
The impact of bankruptcy on a credit report can be devastating and entirely depends on your credit score prior
Repossessions
When you take out a loan on a new car, boat, motorcycle, or other type of possession, it essentially becomes collateral
Charge Offs
“Charge off” means that the credit grantor wrote your account off of their receivables as a loss, and it is