Tag Archives: credit scores

Effects of Bankruptcy

  In 2010, more than 1.5 million Americans filed for bankruptcy. Unfortunately, many bankruptcy attorneys do not adequately explain the effects of bankruptcy to their clients. Put simply, the total financial and emotional costs of filing bankruptcy can almost never … Continue reading

Posted in Authorized User, Bad Credit or No Credit, Bankruptcy, Credit Repair Services, Credit Repair Software, Credit Score, Improving Credit | Tagged , , , , , , , | Leave a comment

Closing Your Oldest Credit Cards

15% of your credit score consists of your credit history. The longer your credit history, the better your credit score will be. Unfortunately, when you close out a credit card, it will no longer have an effect on your overall … Continue reading

Posted in Applying for a Credit Card, Bad Credit or No Credit, Bankruptcy, Budget, Building Credit, Credit Inquiries, Credit Management, Credit Repair, Credit Repair Mistakes, Credit Repair Professional, Credit Repair Services, Credit Repair Software | 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…. Improve Your Credit

The notion that bank overdrafts lead to a lower credit score is one of the most common misconceptions when it comes to repairing, maintaining and improving a credit score. If you overdraft a bank account or accidentally write a check … Continue reading

Posted in Bad Credit or No Credit, Credit Management, Credit Repair, Credit Repair Mistakes, Credit Repair Professional, Credit Repair Services, Credit Repair Software, Credit Score, Interest-Only Loans, Late Payments, Lending, Uncategorized | Tagged , , , , , , , , , , , , , | Leave a comment

Things That Will Damage Your Credit Rating (And How To Avoid Them)

Making Late Payments Your payment history makes up 35% of your overall credit score. Although missing a single payment for one month won’t completely destroy your credit, the negative marks can add up quickly if multiple payments become delinquent for … Continue reading

Posted in Applying for a Credit Card, Bad Credit or No Credit, Credit Repair Services, Credit Score, The Credit Market | Tagged , , , , , , , , , , | Leave a comment