Category Archives: Divorce and Credit

Closing a Card With Available Credit

If you have multiple credit cards, it generally isn’t a great idea to close out a card that has available credit. This is because your overall level of available credit will go down, causing your credit utilization to go up. … Continue reading

Posted in Bankruptcy, Budget, Building Credit, Co-signing, Credit Repair Services, Credit Repair Software, Credit Score, Debt Negotiation, Debt Validation, Divorce and Credit | Tagged , , , , , , , , , , | Leave a comment

Having Exclusively Loans or Exclusively Credit Cards

Many individuals don’t realize that maintaining a mix of credit is important to their overall credit score. In fact, mix of credit makes up 10% of your credit rating. For this reason, it’s a bad idea to only have credit … Continue reading

Posted in Bad Credit or No Credit, Bankruptcy, Budget, Building Credit, Credit Repair Software, Credit Score, Debt Negotiation, Debt Validation, Divorce and Credit, Late Payments, Lending, Understanding Your FICO Score, Validate the Debt, VantageScore | Tagged , , , , , , , , , , | Leave a comment

Defaulting on a Loan

Defaulting on a loan is similar to incurring a credit card charge off. The default will indicate that you have not kept up your end of the loan agreement. As with a charge off, a defaulted loan will have a … Continue reading

Posted in Building Credit, Debt Validation, Divorce and Credit, The Credit Market, Understanding Your FICO Score, Validate the Debt, Your Rights | Tagged , , , , , , , , , | Leave a comment

Credit Repair After Divorce

Divorce is often a devastating proposition that you don’t want to bleed in to your financial status. Unfortunately, it often does. This is a very common time for people’s credit to take a nose-dive, which is unfortunate because a solid … Continue reading

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