A collection appearing on your credit report can be very devastating to your credit score and your financial stress. A collection agency will often report a collection account to one, two, or all three credit bureaus, depending on the agency. Paying off these collection accounts will not necessarily remove them from your credit report, but […]
You may be minding your own business one day, and then you get a sudden call from a “debt collector” that claims you owe them money. However you may not recall owing a debt or suspect that the debt in question is not yours. People often get calls from people claiming to be debt collectors[…..]
Identity Theft has been on the rise over the past two years. People are stressed out with world events, making them more susceptible to frauds and scams. Scammers are becoming more prevalent, preying on this desperation. According to the FTC, there has been more than $5.8 billion in loss to consumers due to identity theft[…..]
Credit card debt can burden a lot of families across the country as interest rates can bury consumers under accumulating debt. At the current time of writing, the average interest rate in the United States is around 16%. Proper credit card management can help alleviate this accruing mass of debt, but life isn’t that easy[…..]
Taxes are a headache enough already, but unfortunately, some people may not have the funds or ability to pay off their taxes to the IRS. Tax relief companies offer their services to help those who owe overwhelming taxes; however, these companies are offering services that really anyone can do themselves. Even worse, the more unscrupulous[…..]
Bankruptcy is a term that may seem like the end of the financial road for most people, and in some cases this may be true. However, bankruptcy may be the only solution to a financial crisis and the only way to get your life back on track. Indeed, bankruptcy may be a last resort but[…..]
So you just got your hands on your most recent credit report, and as you’re looking through, you notice that there are generally two categories of credit: revolving and installment. What’s the major difference between these two? How do they affect your credit score? Let’s go over what each one means. Revolving Accounts These are[…..]
Life has many ups and downs, and nobody is perfectly on time for everything. For instance, a traffic jam could make you ten minutes late, or a blackout could occur while you’re sleeping, resetting your alarm clock. These events are unforeseen and can affect anyone down the line. A late payment on a line of[…..]
You just got your credit score and/or report and saw that you’re a few points off from getting a good deal on a car loan, installment loan, or even a mortgage, so what are you going to do? Luckily, there are a few things that can help improve your credit score in a short amount[…..]