Posted on Thursday, 10th May 2012 by Eden Fryett
If your credit report has a debt collection on it, it lowers your score. The most damage will be done during the first two years that it is on your report, but it will linger there for 7 years total. And, due to some unscrupulous collectors, maybe longer. But, there are some steps you can [...]
Tags: Credit Report, Report
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Posted on Wednesday, 9th May 2012 by Eden Fryett
Your credit score is based upon the information contained within your credit report. According to FICO, thirty percent of your FICO score measures how much debt you have. Generally, the less debt you owe, the higher your score will be, so paying off accounts may improve your credit. If you’ve paid off a credit account, [...]
Tags: Credit, Credit Payoffs
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Posted on Sunday, 1st April 2012 by Eden Fryett
There are several news stories this week pertaining to a consumer’s quest to achieve the best credit score. Currently, lenders have set their standards for good credit scores around 730. Those that hold a score of 730 or higher are assured in getting the best options when it comes to financing a loan, obtaining car [...]
Tags: Credit Score, Score
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Posted on Thursday, 22nd March 2012 by Eden Fryett
With banks practically shutting their doors on consumers with bad credit, pawn shops have become such hot items these days; as increasing number of desperate borrowers seem to flock in that direction. Unlike those bygone movies, pawn shops are not just lurking in the shadows; they are actually beckoning from the shadows – an enticing [...]
Tags: Credit, Pawn Shops
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Posted on Thursday, 15th March 2012 by Eden Fryett
Related Searches: A lawsuit is simply a set of allegations and does not affect your credit report when initially filed. Theoretically, a debtor could receive a dozen lawsuits with none of them impacting credit reports. However, if a judge agrees with the allegations in the lawsuit, the debtor could notice significant negative changes to his [...]
Tags: Credit Report, Report
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