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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. Property repossessions. File a Dispute.

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How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

Missing payments on secured debt causes the creditor to repossess the property as recourse. Businesses that file for Chapter 11 bankruptcy have all of their affairs (debts, assets, or otherwise) reorganized by a judge. It’s a last-ditch effort to avoid a Chapter 7 liquidation bankruptcy. Indenture Agreement Violations.

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Online fashion giant served with winding up petition

UK debt collections

Leading online UK fast-fashion retailer Missguided has been served with a winding up petition due to unpaid debts. My wife and I, we weren’t drawing any wages out of the business, we were six months late on our mortgage and our house was going to be repossessed. My sister had to help us out.”. “If

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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. Property repossession. What Is SYNCB? American Eagle.

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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. Repossessions. Comenity Bank/VCTRSSEC On My Credit Report. Late payment history.

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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. Repossession. In most cases, that’s nothing to worry about.

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What is DSNB Bloom on My Credit Report?

Better Credit Blog

Department Stores National Bank issues retail credit cards for shoppers at Macy’s and Bloomingdale’s. If you applied for one of these retail credit cards, whether in-store or online, you signed off on a hard inquiry. A credit repair company can be of assistance when you’re facing several other issues, including: Bankruptcy.

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