Does a lawsuit by a debt collector affect credit score?

Answer On One Hand: Nothing To Worry AboutThe mere filing of a lawsuit won't affect your credit score. Nothing will appear on your credit reports unless the debt collector wins in court and is awarded a j... Read More »

Top Q&A For: Does a lawsuit by a debt collector affect credi...

Can I Claim Head of Household Hardship Against a Debt Collector in a Lawsuit?

Claiming a "head of household hardship" in a lawsuit with a debt collector may lead to a settlement or a payment plan. However, it cannot serve as a legal defense against the lawsuit. Appearing bef... Read More »

How does consolidating your debt affect your credit score?

All they do is take one big check you write them, and pay off your creditors. When one debt is done, they take the money from that and apply it to debt #2, so it goes faster until it's paid. Repe... Read More »

Can personal property or a paid off condominium be taken by a debt collector to pay off credit card debt in Pa?

Creditors may certainly look to seize/attach your assets of most types to pay the debts you promised or obligated to pay and don't. They also get to recover any costs for having to act to have you ... Read More »

Does going over a credit limit affect a credit score?

Yes. Going over your credit limit can lower your credit score because it increases the amount you owe. Credit-scoring formulas reward low balances with higher scores and penalize people who carry h... Read More »