Remove Bankruptcy Remove Foreclosure Remove Retail
article thumbnail

Attempting Debt Collection Efforts After a Debtor Files for Bankruptcy

FFGN COLLECT NY

Are you or your collection attorney attempting debt collection efforts even though the debtor filed for bankruptcy? Enforcing a claim and/or a judgment against an entity or individual who has an active bankruptcy pending or who has received an order discharging them from liability is more than a bad idea. The debtor did not pay.

Debtor 52
article thumbnail

Using Forbearance Agreements to Protect Commercial Real Estate Lender Interests During COVID-19

Fraser

While much attention has been paid to the struggles of businesses, such as restaurants and retail establishments, to survive the economic downturn wrought by the COVID-19 pandemic, those who lend to such businesses for the purchase of real estate are also dealing with the fallout. In some instances, this means the possibility of foreclosure.

Lender 41
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is GECRB on My Credit Report?

Better Credit Blog

General Electric Capital Retail Bank, abbreviated as GECRB, is the former name for Synchrony Bank, and it’s probably on your report because you applied for a Synchrony card at some point in the past. The bank partners with numerous retailers to offer rewarding credit cards to shoppers. Foreclosures. Ask Lex Law for Help.

Retail 52
article thumbnail

Explained: The Adrenaline-Driven Rise to GameStop Stock

Credit Corp

GameStop, a dying video game retailer, has blown past epic proportions to the point of hitting all-time highs in the stock market. Before its euphoric rise, GameStop was on a slow demise to bankruptcy, as it faced significant challenges to its business model from the internet. That’s a ~1700 percent increase!

Trade 134
article thumbnail

What Is SYNCB On My Credit Report?

Better Credit Blog

If you’ve come across the name SYNCB on your credit report, it’s probably because you applied for a credit card with the bank or one of its popular retail partners. The online bank is known for its extensive lineup of credit cards for popular retailers, including: Amazon. Foreclosure. What Is SYNCB? American Eagle. Charge offs.

Retail 52
article thumbnail

What is Comenity Bank/VCTRSSEC On My Credit Report?

Better Credit Blog

While VCTRSSEC might sound unfamiliar, it represents a popular retailer: Victoria’s Secret. Comenity Bank is a premier producer of retail credit cards, partnering with 145 popular brands to offer credit cards to consumers. Bankruptcy. Foreclosures. Comenity Bank/VCTRSSEC On My Credit Report. Late payment history.

Banks 89
article thumbnail

What is THD/CBNA On My Credit Report?

Better Credit Blog

Whenever you apply for a retail credit card, it can lower your credit score by a few points and result in a new entry being added to your report. Citi is a popular bank that provides credit cards for a wide range of retail stores like The Home Depot. Bankruptcy. Foreclosure. In most cases, that’s nothing to worry about.

Retail 52