What is Chapter 13 bankruptcy?
Chapter 13 bankruptcy is also known as "wage earner" bankruptcy because, in order to file for Chapter 13, you must have a reliable source of income that you can use to repay some portion of your debt.
Read MoreWhat are the main credit bureaus?
The three credit bureaus are: Equifax, Experian, and TransUnion.
Read MoreHow are credit scores affected during the repair process?
As Armor Credit is engaged in the dispute process with the credit bureaus, your score may change periodically.
Read MoreShould I close my paid-off accounts?
When reviewing your credit to decide if you should keep an account open or closed you need to consider its affect on your credit score.
Read MoreSettlement vs. Charge Off
A charge off is a credit account that you did not pay and then the creditor wrote the account off as a loss.
Read MoreWhat are inquires?
Part of your credit score considers the number of inquiries made for your credit report.
Read MoreAre stall letters legal for credit bureaus to send?
Based on the laws that the Fair Credit Reporting Act has set, it is legal for credit bureaus to send out letters to notify consumers of a response to a dispute or other information.
Read MoreWhy would Armor Credit Solutions disputes succeed where mine failed?
Our experience (and dedication to our clients) in working with the credit bureaus facilitates the credit repair process because we are more likely to anticipate the tactics and responses of the credit bureau.
Read MoreCan I repair my own credit report?
Yes. Depending on your time, patience, perseverance, and complexity of your dispute, you can successfully dispute inaccurate credit report items on your own.
Read MoreWhat is the Fair Credit Billing Act?
The Fair Credit Billing Act applies if you are a creditor billing customers for goods or services.
Read MoreIs credit repair legal?
Absolutely! It is your legal right to dispute items on your credit report.
Read MoreWhat is a garnishment?
A garnishment is a legal proceeding where a creditor can obtain a judgment on a debt to collect the payment in installments or in full by seizing the debtor's assets.
Read MoreWhat is a lien?
A lien is a "claim" or hold on a property to secure repayment of a debt or satisfaction of a debt.
Read MoreWhat is the Fair Credit Reporting Act?
The Fair Credit Reporting Act is the law put in place to protect consumers and regulate the consumer reporting agencies (CRAs).
Read MoreWhat is the Fair Debt Collections Practices Act?
The federal Fair Debt Collection Practices Act or FDCPA prohibits certain debt collectors from engaging in abusive behavior.
Read MoreWhat is bankruptcy?
Bankruptcy is a federal court process designed to help consumers and businesses eliminate their debts or repay them under the protection of the bankruptcy court.
Read MoreWhat is Chapter 7 bankruptcy?
Liquidation bankruptcy is called Chapter 7, and it can be filed by individuals (a "consumer" Chapter 7 bankruptcy) or businesses (a "business" Chapter 7 bankruptcy).
Read MoreWhat is the Truth in Lending Act?
The Truth in Lending Act is federal law which sets minimum standards for the information which a creditor must provide in an installment credit contract.
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