Tag Archives: Identity Theft

Having Your Account Charged Off

Posted on February 21, 2012 by admin

If your credit company begins to believe that you won’t ever pay your credit card bills, they may charge off on your account. This will typically happen if your account is delinquent by six months or more. Essentially, a charge … Continue reading →

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

Closing a Card With Available Credit

Posted on February 6, 2012 by admin

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

Closing Your Oldest Credit Cards

Posted on February 5, 2012 by admin

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

Your Credit and Revolving Balances

Posted on February 1, 2012 by admin

Using Your Balances Properly High revolving balances will hurt your credit scores. Conversely, low balances will help. The extent to which this factor can impact your results is very dramatic. There are certain percentage breakpoints that you can focus on: … Continue reading →

Posted in Applying for a Credit Card, Authorized User, Bad Credit or No Credit, Bankruptcy, Building Credit, Co-signing, Credit Repair Professional, Credit Repair Services, Credit Repair Software, Credit Score, Debt Negotiation, Debt Validation | Tagged , , , , , , , , , , , , , , | Leave a comment

What is a Credit Score?

Posted on January 25, 2012 by admin

A credit score is a number that is meant to indicate your ability to pay bills. The FICO score can ranges from 300 to 850, with 850 being the best, and is calculated based on a number of factors on … Continue reading →

Posted in Applying for a Credit Card, Bad Credit or No Credit, The Credit Market, Understanding Your FICO Score | Tagged , , , , , , , | Leave a comment