5 Easy Yet Effective Ways To Improve Your Credit Score
Posted by Debt Expert on Aug 31, 2011 in Credit, Credit Repair | 0 comments
A Proactive Approach Never Hurt Anyone: Improving Your Credit Score One Step At A Time A damaged credit score can effect a number of things in your everyday life. Aside from the emotional strain and stress that damaged credit provides, a poor credit score can affect anything from applying for loans, to potential job opportunities. Credit restoration takes more than just time, it requires effort...
Read MoreWhat Makes up a FICO Credit Score?
Posted by TDN on Apr 29, 2011 in Credit, Credit Repair, Credit Reports, Credit Score, Debt, Debt to Income Ratio | 1 comment
On our Credit Restoration page we outlined the categories used to derive a credit score. To review, those categories are the following… Payment History – 35% Amount Owed – 30% History of Credit – 15% Inquiries – 10% Account Diversity – 10% Today we are going to take a deeper look inside each of these categories including a few credit building tips that...
Read MoreCollections and Telephone Calls
Posted by TDN on Apr 22, 2011 in Credit Reports, Debt, Debt Collection, Personal Finance | 0 comments
Consumers have multiple laws at their disposal regarding their credit reports and debt collection. One of the most important laws regarding collection agencies and the collection of debt is the Fair Debt Collection Practices Act (FDCPA). This law provides behavioral standards for acceptable third-party collections. According to this law, at all times, debt collection agencies must treat the...
Read MoreHow Do Events Impact Your Credit Score?
Posted by TDN on Apr 22, 2011 in Credit, Credit Score, Foreclosure, Personal Finance | 3 comments
So how does foreclosure impact your credit score? What about other damaging item like Bankruptcy? Until recently the credit agencies have been very secretive about what will happen to your FICO score after you start to fall behind on your payments. Just recently Fair Isaac, which is the company that developed FICO scores, has come out with some estimates (averages) on how your credit score will...
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