Tag Archives: Building Credit

Bankruptcy filing and credit repair takes time away from work and family

Leading up to your bankruptcy filing, you may have to spend a significant amount of time on the phone negotiating payments and explaining late payments to creditors. You also will probably spend a lot of time going through mail, responding … Continue reading

Posted in Bankruptcy, Building Credit, Co-signing, Collection Accounts, Understanding Your FICO Score | Tagged , , , , , , , , , , | Leave a comment

Bankruptcy Could Interfere With JOB Opportunities

Employers are allowed to ask if you have filed for bankruptcy in the past. In their minds, this may be an indicator of whether or not you are a responsible individual. Unfortunately, some employers still review an applicant’s credit report. … Continue reading

Posted in Bad Credit or No Credit, Bankruptcy, Identity Theft, Improving Credit, Late Payments | Tagged , , , , , , , , , , , , | Leave a comment

Why Collectors Exist

When a debt collector contacts a consumer, it usually indicates that the creditor has not received a payment on the debtor’s outstanding bill for multiple months. Because these payments are typically well past their due dates, the creditor has entered … Continue reading

Posted in Bad Credit or No Credit, Bankruptcy, Budget, Co-signing, Collection Accounts, Credit Cards | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Credit Repair for Really Damaged Credit

There are many events that can create the need for credit repair, from the loss of a job to a medical emergency that taps savings and strains an otherwise sound budget. There are also cases of identity theft that, through … Continue reading

Posted in Bad Credit or No Credit, Building Credit, Co-signing, Collection Accounts, Credit Repair, Credit Repair Mistakes, Credit Repair Professional, Credit Repair Services, Credit Repair Software, Credit Score, Debt Negotiation, Debt Validation, The Credit Market | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Applying for Too Many Credit Cards or Loans Simultaneously

Although it’s an excellent idea to maintain a mix of credit, it is possible to take the concept too far. Just like mix of credit, your credit inquiries will make up 10% of your overall credit score. If you apply … Continue reading

Posted in Bankruptcy, Budget, Building Credit, Co-signing, Credit Management, Credit Repair, Credit Repair Mistakes, Credit Repair Professional, Credit Repair Services, Credit Score | Tagged , , , , , , , , , , , , | Leave a comment