Category Archives: Validate the Debt

Credit Impact of Filing Bankruptcy–

Bankruptcy could keep you from getting new loans Bankruptcy directly impacts your credit score, and your credit score impacts your ability to qualify for any loan, including a car loan. For example, the next time you plan to purchase a … Continue reading

Posted in Bad Credit or No Credit, Bankruptcy, Co-signing, Late Payments, The Credit Market, Validate the Debt | 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

Things That Do No Damage Your Credit!! Yahoo

If you pay child support and/or alimony, you won’t be putting your credit score on the line unless your payments become delinquent to the point where a collections agency becomes involved. So long as you’re making the minimum payments on … Continue reading

Posted in Bad Credit or No Credit, Building Credit, Co-signing, Credit Management, Credit Repair, Credit Repair Mistakes, Credit Repair Professional, Credit Repair Services, Credit Repair Software, Credit Score, Foreclosure, Inquiries, Late Payments, Lending, The Credit Market, Understanding Your FICO Score, Validate the Debt | 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